Baling Technology moved its dinosaur show to a 580M yuan Guilin theater — it never opened

Baling Technology, a listed Chinese auto-parts manufacturer, had diversified into culture and entertainment through its subsidiary Impression Dinosaur, which staged "The Vanishing Dinosaurs" at Beijing's National Stadium starting in 2018. The show was suspended in April 2019 when the stadium needed to be converted for the 2022 Winter Olympics, and Impression Dinosaur signed a cooperation agreement to relocate the production to a purpose-built theater in Guilin, budgeted at 580 million yuan.

The relocation depended on a large steel support structure, or truss, that had to carry the show's lighting and screens. The builders and Impression Dinosaur disagreed over whether the truss should be installed as part of the main building's construction or only after the venue itself was handed over — a sequencing dispute that stopped work in May 2022 with the venue still incomplete.

By 2023 the project had absorbed more than 400 million yuan without opening, and Impression Dinosaur's own finances had gone negative, with unpaid balances of about 172 million yuan. Both sides sued each other; a Guilin court dismissed the claims in February 2024, and Guangxi's higher court ruled in May 2025 to terminate the cooperation agreement and sent the dispute over damages back for retrial.