Recently, the fate of Chinese real estate tycoons Wang Jianlin and Xu Jiayin has encountered adversity, and they are both facing great pressure and difficulties. Wang Jianlin, once the richest man in China and the founder of Wanda Group, has carried out large-scale asset divestitures and ** in the past few years, but Wanda has not been spared in this round of property market adjustment. Wanda Film issued a suspension announcement on December 6, 2023, due to the imminent transfer of controlling stake by the controlling shareholder to Shanghai Ruyi, which means that Wanda Film will become a wholly-owned subsidiary of Shanghai Ruyi. In addition, Wanda also plans to ** some located:
Wanda Plaza in first- and second-tier cities. However, the reality in front of Wang Jianlin is the pressure of huge debts. According to Wanda's financial report, its onshore bonds and offshore US dollar bonds totaled 8.2 billion yuan, plus short-term debt, Wanda needs to face huge debt repayment pressure. In order to maintain liquidity, Wang Jianlin can only choose core assets to raise funds.
At the same time, Xu Jiayin of Evergrande Group is also in trouble, and he has been subject to criminal coercive measures. Sunac founder Sun Hongbin also had to restructure his offshore debt, and although he can breathe a sigh of relief for now, the pressure on the domestic real estate market remains. After taking a back seat, Country Garden's Yang Guoqiang found that retirement was not as easy as he imagined, but faced more troubles.
These bigwigs, who were once famous in the real estate market, are in trouble, and if they are not careful, they may lose the careers they have built over the years, and their lives have become trembling and treading on thin ice. However, there is one person who has long since escaped the predicament and lived the life of an angel investor overseas: Pan Shiyi, the founder of SOHO China. Although SOHO China cannot compete with Wanda, Country Garden, Evergrande, and Sunac, Pan Shiyi has shown extraordinary wisdom and vision.
Pan Shiyi began divesting domestic assets and transferring funds overseas as early as nine years ago. He has taken on a number of domestic asset projects and has made significant cash through these transactions. At the same time, Pan Shiyi accelerated the layout of overseas assets and contributed to the cause of higher education in the United States through high donations. His son was also successfully admitted to Harvard University, allowing Pan Shiyi to enter American high society. Most of Pan's divestitures of domestic assets took place before 2019, before the start of the real estate correction cycle, which shows his ability to grasp the pace of the market.
With his wisdom and vision, Pan Shiyi successfully invested a large amount of cash overseas and lived the life of a wealthy man. In contrast, Wang Jianlin and others are facing a liquidity crisis at home, while Pan Shiyi is enjoying life abroad.
In addition, Pan Shiyi also plans to completely empty domestic assets, **55% of the shares to the American Blackstone Group. Although the acquisition failed to be approved by China's antitrust authorities, resulting in huge losses, Pan Shiyi remains the envy of many real estate tycoons.
In the era of the rapid rise of China's real estate industry, many billionaires have risen, but not everyone can always stand on the cusp. Times have changed, they are facing the abandonment of the times, and Pan Shiyi has successfully escaped the predicament and lived a happy life overseas. I have a personal opinion on these views, welcome to follow and like, your support is an encouragement of originality!