Wang Jianlin, the third richest man in China, would like to get into the yacht business sooner than later, according to a report by Quartz.
Wang, who owns one of China’s largest commercial property development firms and is the world’s largest owner of movie theaters, wants to buy Britain’s Sunseeker yacht company. He wants to be the principal player in China’s new yachting market, which may blossom into a burgeoning industry with endless potential, or sink before it even gets off the ground.
Wang is a renowned risk taker with patience, as indicated by his track record of investments.
Wang’s AMC acquisition is also risky. Movie ticket sales in the US are at their lowest since 1995 and are expected to remain relatively flat. That said, earlier this year, Wanda reported that AMC Entertainment was profitable again, after years of losses.