Chinese tycoon plans $8B Hollywood-style film studio in bid to dominate surging movie market

  • by: KELVIN CHAN , Associated Press
  • Updated: September 23, 2013 - 7:30 PM

QINGDAO, China — China's richest man plans to spend 50 billion yuan ($8.2 billion) to build the country's version of Hollywood in the northeastern city of Qingdao.

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