The Nasdaq-listed company, which have business cooperations with German champions Bayern Munich, Spanish giants Real Madrid and NBA star Kobe Bryant, then launched its own sports company in September to focus on professional sports.
Two other internet companies LeTV and Tencent jumped on the bandwagon by establishing respective sports companies as well.
Wang explained investors' enthusiasm at a summit of Chinese listed companies two weeks ago.
"China's sports industry is still in its cradle but the government has launched a plan to promote it and set a goal of 5 trillion yuan in scale. If the goal is realized, sports really is a very promising industry," he said.
Wang continued to speak out his ambitions.
"We plan to keep merging and add new content into our sports branch. Wanda Sports aim to become the world's first sports company with an annual income of more than 10 billion U.S. dollars," he said.
Wang, however, could still underestimate the potential as Chinese sports minister Liu Peng said last month the sports industry may reach 7 trillion yuan by 2025.
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