Wanda eyes role as world's largest developer

Dalian Wanda Commercial Properties Co Ltd, China's largest property developer renowned as an ambitious buyer of high-end Western assets, is aiming to become the largest real estate company in the world by 2014, said chairman and founder Wang Jianlin when interviewed by the Cable News Network.

The company also aims to increase its appetite for acquisitions in the culture, entertainment, retail and luxury hotel sectors.

"Our investment department and investment banks are in negotiation with many companies, but nothing is confirmed yet," said Wang, when asked if he is looking at any big brand name as a potential takeover target.