Wanda received a new capital injectionWang JianlinThis timeof nobles,Surfaced
The low-key boss behind PAG's investment, Shan Weijian, helped Wang Jianlin tide over the difficulties.
Recently, Wang Jianlin, chairman of Wanda Group, has fallen into huge financial pressure, and if Wanda fails to be listed before the end of the year, it will face a huge debt of 38 billion yuan, and the risk of lightning explosion cannot be ignored. However, at the critical moment, a low-key and well-respected bigwig appeared and successfully solved Wang Jianlin's financial crisis.
That savior is Shan Weijian, the leader of PAG Investment.
Shan Weijian, 69 years old this year, is a low-key and powerful capital tycoon in the industry. His life is full of legends, starting with a hard life in Inner Mongolia and a farming career in the Gobi Desert at the age of 15, where he worked as a barefoot doctor. Although he was unable to receive a formal secondary education, he successfully made his way to university by teaching himself English.
After studying English at the University of International Business and Economics, he went to the United States for further studies and eventually received his Ph.D. from the University of California, Berkeley. And his mentor at Berkeley turned out to be Yellen, the future chairman of the Federal Reserve and the current US Treasury Secretary.
The hardships of his early years tempered Shan's tenacity, and his pursuit of knowledge and a deep understanding of China's economy laid a solid foundation for his career. He taught at the Wharton School of the University of Pennsylvania for six years, but then turned his attention to the Chinese economy. He founded the China Economic Review, which became a professional academic journal for the study of China's economic reform. This move has made him an important advisor to many U.S. companies as they enter the Chinese market.
In 1993, Shan left academia to invest at JPMorgan Chase and Newbridge, focusing on investments in the Asia-Pacific region. He has become the focus of the industry with his bank purchases, and has successfully acquired Korea First Bank and Shenzhen Development. Both investments became highly regarded cases in the Harvard Case Library.
PAG is a consortium founded by Shan Weijian, and he is the leader of this consortium. After PAG invested in Wanda, Shan Weijian continued his successful model. He bought the China Group and pushed for its integration with Tencent. With the successful listing of Tencent**, PAG has achieved a return of more than 20 times.
And it was in 2021 that PAG became the main consortium that invested in Wanda, providing key support for Wang Jianlin's financial woes. At the critical juncture when Wang Jianlin was facing a thunderstorm, Shan Weijian's PAG Investment successfully solved the financial problem of Wanda Group with its low-key but solid strength, helping Wang Jianlin tide over the difficulties.
Shan Weijian's successful experience has become a good story in the industry, and his low-key and strength have also won him a high reputation. The successful cooperation between PAG and Wang Jianlin not only resolved Wanda's crisis, but also provided a classic case for the industry, demonstrating Shan Weijian's excellent vision and operational ability in the capital market.