Chinese conglomerate Wanda is venturing into healthcare, it said Wednesday, with a $2.3 billion investment in three hospitals in China, which will be managed by a British company. Wanda, owned by China's richest man, Wang Jianlin, has its origins in property development, but is diversifying into areas ranging from entertainment to e-commerce, as China's economy evolves. Reports say the company might soon take a stake in U.S. film studio Legendary. Wanda plans to fund hospitals in commercial hub Shanghai, southwestern metropolis Chengdu and the port city of Qingdao, the firm said in a statement, adding the 15 billion yuan ($2.3 billion) investment is the largest healthcare investment ever by a Chinese company. The hospitals will provide "international" standard care overseen by foreign directors, it said. The project is also the first to be managed and operated by Britain's International Hospitals Group (IHG).