- Business
- Winnovation Culturaltainment Development Limited (000620.SZ) engages primarily in real estate development and cultural tourism operations in China. The company develops and sells residential and commercial properties; operates cultural and tourism scenic spots including museums, cultural performances, entertainment and experience centers, and high-end hotels such as the Tongguankil National Style Park in Hunan Province; provides construction contracting, hotel and business management, property services, travel agency services, tourism services, planning and design; and pursues technology integration initiatives. It serves domestic markets with a focus on scenic spot development, real estate projects, and tourism infrastructure, operating mainly in regions including Beijing, Shanghai, Tianjin, Anhui, Qinghai, Ningxia, and Hunan. Founded in 1993 and headquartered in Beijing, the company is a subsidiary of Macrolink Holding Co., Ltd. In June 2025, it changed its name from Macrolink Culturaltainment Development Co., Ltd. to Winnovation Culturaltainment Development Limited to align with its strategic evolution toward a real estate-cultural tourism-technology ecosystem. Recent developments include plans announced in October 2025 to acquire an 81.8% stake in Guangdong Changxing Semiconductor through a cash transaction, marking a major expansion into the semiconductor sector; establishment of Shenzhen Yingxin Digital Science Embodied Intelligence Co., Ltd. in April 2025 to explore AI applications in intelligent scenic spots, smart property management, and business-finance analytics; and a management reshuffle with Wang Gengyu succeeding as chairman to drive industry collaborations and asset injections.