Chinese tycoon takes aim at Hollywood

China’s richest man plans to invest $ to build the country’s version of Hollywood in the eastern city of Qingdao. Wang Jianlin said his company, Dalian Wanda Group, will build a massive, state of the art film studio complex in a bid to dominate China’s rapidly growing movie market. The Qingdao Oriental Movie Metropolis’s 20 studios will include a permanent underwater studio and a 10,000 square-metre lot that Wang said would be the world’s biggest. The project is the single biggest investment in the