Wanda Group is a multinational conglomerate organization in China and is considered to be the largest cinema chain operator in the world. Wanda Group owns 316 cinemas and 2,700 screens. The multinational conglomerate operates in four major industries such as hospitality, retailing, property development, and cultural industry. Wanda Group has estimated assets worth 796.2 billion Yuan and operating revenue of 255 billion Yuan as on 2016. Wanda’s aim is to be the king of the Chinese film industry and has been aiming at Hollywood. With an attempt to internationalize, in 2012, Wanda had acquired AMC for $2.6 billion followed by an acquisition of Legendary Pictures for %3.5 billion in 2016 (Mahlich, 2016). Wanda Group had recently acquired Dick Clark Products, another Hollywood company for $1 billion. This could be perceived as a Chinese corporation seeking to internationalize by resorting to acquisition strategy and correspondingly OFDI. However, it must be noted that there are different drivers and motivators for engaging in OFDI from emerging nations such as marketing seeking, natural resource seeking, labour seeking, financial incentives, and technological advancement and value chain control seeking factors. There are international business theories which have elucidated the potential motivators of acquisitions. This has facilitated in the construction of an analytical framework for internationalization and determines the motivation for Wanda and its acquisition strategy (Sandberg, 2013). A critical research has been conducted based on Wanda’s case study to assess the effectiveness and performance outcome of the acquisition of US companies. The theory of outward FDI would comprehend the phenomenon and support the research approach.