An Wang
An Wang
Dr. An Wangwas a Chinese American computer engineer and inventor, and co-founder of computer company Wang Laboratories, which was known primarily for its dedicated word processing machines. An Wang was an important contributor to the development of magnetic core memory...
NationalityAmerican
ProfessionBusinessman
Date of Birth2 February 1920
CountryUnited States of America
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Real estate deals a lot with the government. It isn't like manufacturing, logistics, home appliances or the auto sector, which deal with consumers.
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Cultural industries will be the next engine for growth after real estate, and Wanda will make cultural industries our long-term focus.
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There are not many companies in China that dare to say in public, 'We don't offer bribes', or companies that operate only by market rules.
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If you are only big in China, you are only a local Chinese company.
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I was born in a family with a strong military background, so I chose to be a soldier.
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China is a government-oriented economy. No one can say he can run his business entirely without government connections. Anybody who says that he or she can do things alone... is a hypocrite.
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Acquiring Sunseeker deepens Wanda's international influence and represents an important step forward for the development of the business.
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Remain close to government and away from politics. It means deal more with the authorities. And less with individuals.
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Sunseeker is well placed to take full advantage of opportunities in China, one of the world's fastest growing luxury yacht markets.
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If Wanda can control more than 20 per cent of the world's three most important film markets - the United States, Europe and China - then it will have an empire with great voice in the industry.
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There's no single company in the whole world that has a big-scale production base and at the same time has screening and distribution channels. Wanda Group is the first one in the world.
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When we announced agreements with foreign strategic investors, it was made clear that these are subject to regulatory approval. Currently, the approval process is proceeding normally.
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The real concern is what is Coke doing to address this trend and take advantage of it. Pepsi has done much better than Coke both in the bottled water and health drinks categories.
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Markets change, tastes change, so the companies and the individuals who choose to compete in those markets must change.