Hengdian Group

Hengdian Group (Chinese: 横店集团[8]), abbreviated as HG,[9] is a Chinese private conglomerate founded by Xu Wenrong[10] in 1975 in Hengdian, Zhejiang. [11] It focuses on the fields of electrical and electronic,[12] pharmaceutical and chemical,[13] film and entertainment. [14] Since 1996,[15] Hengdian Group has operated Hengdian World Studios.[16]

Hengdian Group
TypePrivate[1]
IndustryFilm, electronic, pharmaceutical
Founded1975
FounderXu Wenrong[2]
HeadquartersHengdian, Zhejiang[3]
Key people
Xu Wenrong (Founder)
Xu Yongan (Chairman[4] & President[5])
Revenue CNY81.2 billion[6] (2018)
Number of employees
over 50,000 (2017)[7]
Websitewww.hengdian.com

History

In 1975, Xu Wenrong set up Hengdian Reeling Silk Factory, [17] which was the predecessor of Hengdian Group. In the 1990s, it expanded into high-tech sectors such as hard magnets, soft magnets, and pharmaceutical manufacturing.[18]

In 2004, Hengdian Group, Warner Bros. and China Film Group Corporation[19] established the Warner China Film HG, [20] which is a joint venture.[21] In 2008, it established the Zhejiang Hengdian Film Production Company.[22]

In August 2019, Nanhua Futures, a subsidiary of Hengdian Group, was listed on the Shanghai Stock Exchange.[23]

References
  1. Liz Teitz (Oct 24, 2019). "Wesleyan scraps idea of opening campus in China - The Middletown Press". The Middletown Press.
  2. "The New Yuanming Garden will be fully opened to the public in July 2019". Lianhe Zaobao. 2018-01-15.
  3. Emily Feng (February 29, 2020). "As New Coronavirus Cases Slow In China, Factories Start Reopening". National Public Radio.
  4. Don Groves (Oct 13, 2004). "WB gets China foothold". Variety.
  5. "Hengdian Group: A Big Fish In A Small Town". Chemical & Engineering News. January 26, 2004.
  6. Shao Yanfei, Lin Bo (2019-07-19). "Looking Backward the 40-year development of Hengdian Group". China News Service.
  7. Zigor Aldama (Feb 25, 2017). "Behind the scenes in the 'Hollywood' of China". South China Morning Post.
  8. Steven Lee Myers (2018-12-04). "王朝、抗日、宫斗：横店影视城的幻想世界 (Epic Battles, Palaces and Concubines: A Chinese Studio's Vast World of Fantasy)". The New York Times.
  9. Riccardo Crescenzi; Marco Percoco (13 December 2012). Geography, Institutions and Regional Economic Performance. Springer. pp. 411–. ISBN 978-3-642-33395-8.
  10. Keming Yang (29 April 2016). Entrepreneurship in China. Routledge. pp. 177–. ISBN 978-1-317-14257-7.
  11. Ian Johnson (April 15, 2013). "Studio City". The New Yorker.
  12. Christina Lubinski; Jeffrey Fear; Paloma Fernández Pérez (18 July 2013). Family Multinationals: Entrepreneurship, Governance, and Pathways to Internationalization. Routledge. pp. 107–. ISBN 978-1-135-04493-0.
  13. Jean-François Tremblay (March 12, 2007). "China Strides Toward Global Pharma Role". Chemical & Engineering News.
  14. Arthur Jones (Nov 2, 2003). "Hengdian will play host for kid film fest". Variety.
  15. "Essential International Studios". The Hollywood Reporter. May 8, 2012.
  16. Clarence Tsui (June 4, 2013). "Chinese Regulators Approve 'Arabian Nights' for U.S.-China Co-Production". The Hollywood Reporter.
  17. Zhi-Xue Zhang; Jianjun Zhang (19 June 2014). Understanding Chinese Firms from Multiple Perspectives. Routledge. pp. 97–. ISBN 978-3-642-54417-0.
  18. Li Shiqiao (1 April 2014). Understanding the Chinese City. SAGE Publications. pp. 50–. ISBN 978-1-4739-0540-5.
  19. Min Lee (September 10, 2008). "Twentieth Century Fox opens Asian studio". Fox News.
  20. Don Lee (May 15, 2006). "Chinese Villagers Trade Plowshares for Film Scripts". Los Angeles Times.
  21. "Fox Invests in First Chinese Film". The New York Times. Sep 30, 2009.
  22. Ruoyun Bai (19 September 2014). Staging Corruption: Chinese Television and Politics. UBC Press. pp. 47–. ISBN 978-0-7748-2634-1.
  23. Sun Chuanting (2019-08-30). "Nanhua Futures officially landed on the Shanghai Stock Exchange". Duowei News.
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