Wanda to tap Indian market (2)

Given that Wanda enjoys strong capital flow and is likely to gain some experience from working with Reliance Group, the proposed investment is worth making, Zhao said.

Analysts said Dalian Wanda has hastened its overseas expansion as the domestic property market yields lower returns on investments. On May 21, Wanda Group announced the purchase of AMC Entertainment Inc for $2.6 billion, turning it into the biggest theater operator in the United States.

Wanda Group owns 220 billion yuan ($35 billion) worth of assets in China, including shopping malls, cinemas, apartments and filmmaking studios. The company is also a force in the cinema business, having more than 6,000 screens in the world.

Public information shows the Liaoning province-based group generated 105.1 billion yuan in operating income in 2011. The firm has also set itself the goal of having 300 billion yuan in assets and 200 billion yuan in revenue in 2015.

"Domestic property developers can hardly repeat the high-growth sprees they had between 2005 and 2010, and it's natural for them to look overseas," said Hui Jianqiang, research director of Beijing Zhongfangyanxie Technology Service Ltd.

Wanda is still privately owned, but analysts say it has met all of the criteria for becoming both a public and multinational company.

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