How many Wanda Plazas are there?

How many Wanda Plazas are there?

In recent years, Wanda Plaza, as a benchmark project for commercial real estate in China, has been the focus of public attention. Whether it is the expansion of commercial layout or the adjustment of business strategies, the dynamics of Wanda Plaza always trigger widespread discussions. So, as of 2024, how many Wanda Plazas will there be nationwide? This article will give you detailed answers based on hot topics and structured data from the entire Internet in the past 10 days.

1. Overview of the nationwide distribution of Wanda Plazas

According to the latest data officially released by Wanda Group, as of June 2024, Wanda Plaza has deployed more than 500 plazas nationwide. These plazas cover a wide range of areas from first-tier cities to third- and fourth-tier cities, becoming one of the brands with the widest coverage in China's commercial real estate.

2. Wanda Plaza among hot topics in the past 10 days

In the past 10 days, hot topics in Wanda Plaza have mainly focused on the following aspects:

1. Number of newly opened Wanda Plazas

In the first half of 2024, Wanda Group opened 15 new Wanda Plazas, mainly in second- and third-tier cities. This data shows that Wanda is accelerating its layout in the lower market.

2. Operational adjustments of Wanda Plaza

Recently, some Wanda Plazas have begun to introduce more experiential consumption formats, such as indoor ski resorts and e-sports venues, to cope with the impact of e-commerce. This strategic adjustment has attracted widespread attention in the industry.

3. Progress of Wanda’s asset-light strategy

Wanda Group continues to promote its asset-light strategy and has signed contracts for three asset-light model Wanda Plazas in the past 10 days. Under this model, Wanda mainly exports brands and management and does not hold properties.

3. Analysis of development trends of Wanda Plaza

Judging from recent data, the development of Wanda Plaza shows the following obvious trends:

1. Quantity growth slows down and quality improvement accelerates

Compared with the rapid expansion in previous years, the number of Wanda Plazas will grow significantly slower in 2024, but the investment amount and quality requirements of individual projects are constantly increasing.

2. Regional distribution is more balanced

Wanda is increasing its presence in the central and western regions to fill market gaps. The latest data shows that the proportion of newly opened plazas in the central and western regions has reached 40%.

3. Digital transformation continues to advance

Recently, many Wanda Plazas have upgraded their digital systems, including smart parking, AR navigation and other functions, improving consumers' shopping experience.

4. Comparison between Wanda Plaza and other commercial entities

5. Future Outlook

According to Wanda Group, the total number of Wanda Plazas is expected to exceed 550 by the end of 2025. At the same time, the company will pay more attention to business model innovation and improvement of operational efficiency, rather than simply pursuing quantitative growth. The recently hotly discussed version 4.0 of Wanda Plaza will incorporate more technological elements and life service functions, which is worth looking forward to.

To sum up, as of June 2024, the number of Wanda Plazas nationwide has exceeded 500, continuing to lead China's commercial real estate industry. Judging from recent hot topics, Wanda is shifting from scale expansion to quality improvement. This strategic transformation will bring consumers a better shopping experience.