Wanda Group

At the time, it was called WandaVista when it was first going up.

Magellan, a Chicago developer, was partnered with the Dalian Wanda Group, a Chinese investor.

At that time in the 2010s, there was a lot of Chinese investment in U.S. real estate.

And this was one of the largest investments or would have become one of the largest investments by Chinese investors in Chicago real estate.

Took several years to build.

And in the course of construction of the building, a lot of things changed.

One is that the Dalian Wanda Group pulled out.

Chinese investment in U.S. real estate shrank dramatically.

He nearly delivered rugby's global calendar seven years early.

The tournament that became the nation's championship, which is up and running, was meant to launch before the 2019 World Cup, backed by a 12-year commercial deal with China's Wanda Group.

Then COVID interrupted that idea and Six Nations announced deal with CVC, also muddied the waters.

One thing worth noting about World Rugby, it's important to always remember just how important the Men's World Cup is to the rugby economy.

Chinese companies have become increasingly aggressive in overseas acquisitions.

One of the most visible examples was the Dalian Wanda, which was purchase the legendary entertainment for, I think it was what, 3.5 billion in 2016.

Then Chinese regulators began tightening controls on certain forms of overseas investment and financing.

And that's what changed the environment for Chinese companies who were pursuing large overseas acquisitions.