Wang Sicong, walking towards his father s battlefield

Mondo Entertainment Updated on 2024-01-29

I'll be you when I grow up.

Text |Chinese businessman Tao Luo Pan Xieyue

Wearing a sweatshirt to meet the secretary of the municipal party committee was said by some ** to be Wang Sicong's last stubbornness, but this is indeed a sign that he is more "mature" and "mainstream": a few years ago, when he met with another local leader, he was still wearing shorts.

[Sweatshirt and suit].

Wang Sicong, who is increasingly out of the public eye, especially in the world of flowers, has recently appeared in official media reports, in the same frame as local leaders.

In the report of Tai'an News, he met with Yang Hongtao, Secretary of the Tai'an Municipal Party Committee, as the chairman of Beijing Huanju Business Management, and participated in the signing of the Taishan Cultural Tourism and Fitness Center project.

Wang Sicong at the signing ceremony was still a little out of place with his surroundingsAmong the suits and leather shoes, he is almost the only sweatshirt, slacks and sneakers.

But compared with his past image, it is already very "progressive" and "mainstream", including the signed project, Taishan Cultural Tourism and Fitness Center, which is also more "real economy" than what he did in the past.

According to the official website of Tai'an Tourism Economic Development Zone, Taishan Cultural Tourism and Fitness Center is located in the west of Tai'an Changcheng Road and south of Panhe Park, with a total land area of about 500 acres and a total construction area of about 3550,000 square meters, mainly including stadiums, gymnasiums, swimming pools, and national fitness halls, with a total investment of about 3.7 billion yuan.

According to the official website, this project will also break the traditional layout model of the sports center, introduce a variety of formats such as commerce, catering, entertainment, and culture to create a new sports and cultural industry complex.

In addition, Taishan Cultural Tourism and Fitness Center will also introduce the Zoolung brand to create China's largest indoor pet paradise, which will be built into a landmark destination for four-season skiing in North China with the unique concept of "all-weather, multi-slope, cross-age".

This is very reminiscent of whether Wang Sicong is signing a contract on behalf of Wanda Group. Because, this Taishan Cultural Tourism and Fitness Center is very much like an urban complex, and the urban complex is more like Wanda than Wang Sicong's dish.

Judging from the relevant public information, although the project by Wang Sicong** is not directly related to Wanda, it is indeed somewhat "godlike" to Wanda.

According to the enterprise investigation, Beijing Huanju Commercial Management was established in July 2023, and the two major shareholders behind it are Hangzhou Cup Commercial Management Jiuhuan Real Estate Development (Beijing)**, with a shareholding ratio of 51% and 49% respectively.

Among them, Hangzhou Cup is a member of the "Banana Plan" initiated by Wang Sicong, and Wang Sicong holds about 31 shares5%, is its actual controller;Jiuhuan Real Estate is a member of Hainan Sihuan, which was invested by Pulse Capital in 2021 and indirectly holds 45% of the equity of Sichuan Tianfu Wanda Construction and Development.

According to the official information of Beijing Huanju Commercial, the company is the only company in China that focuses on immersive experience, trendy entertainment and scene operation. At present, it has more than 6 billion yuan of assets under management, more than 70 layout projects, and more than 100 offline storesThe business formats cover cultural tourism, commerce, experiential consumption and night entertainment.

Among them, Hangzhou iconcenter trendy night entertainment complex, Queen's Park Guochao Industry Incubation Center, Meihetang Michelin Catering Cluster Center, etc., are all projects that have been landed.

In less than half a year since its establishment, such achievements have been achieved, which shows that Huanju Business is not small, the goal is quite big, and its core characteristics may be:

Wang Sicong is becoming more like his father Wang Jianlin, and he is also bringing himself closer to Wanda

[Investors and dishonest persons].

For many years, Wang Sicong didn't seem to be interested in Wanda;He is also very different from his father Wang Jianlin's style in terms of life and business investment.

Wang Sicong, born in 1988, is the same age as Wanda Group. After growing up in China to school age, he was sent by his father to Singapore for primary school, then to Winchester College in England for secondary school, and when he reached university, he was admitted to the University of London Philosophy Department.

Perhaps having stayed in the West for too long, it is difficult for Wang Sicong to see the low-key, subtle and moderate attitude that Chinese are accustomed to. In his early years, he was best known for daring to say anything, and returning itBecause his speech was too sharp and spicy, he was nicknamed "Discipline Inspection Commission of the Entertainment Industry" and "King of Poisonous Tongue" by netizens.

For example, in 2011, Wang Xiaofei and Da S held a luxurious wedding, and Wang Xiaofei's mother, Zhang Lan, the boss of South Beauty, said on Weibo that the wedding was sponsored by Wanda, which was in full bloom at that time.

Subsequently, Wang Sicong shouted at Zhang Lan on Weibo, claiming that his father didn't know each other at all, and later caused Wang Xiaofei to end up and tear each other apart from him on the Internet.

In 2015, Lei Jun showed off his English accent at the Xiaomi press conference: "Are you OK?."After that, Wang Sicong **this**, and commented: "In fact, entrepreneurs who are not good at English, I suggest that you simply don't go abroad to lose this face." ”

The surging ** criticism made Wang Sicong difficult to resist, he deleted Weibo, but also continued to ridicule: "Mr. Lei, are you OK?."Next time I need to translate your private message to me. ”

Relying on his illustrious family background and prominent remarks, Wang Sicong has become an Internet celebrity, and his operation in business investment is also different.

In 2009, Wang Sicong, who graduated from university, returned to ChinaWang Jianlin gave him 500 million yuan to set up Pulse Capital, allowing him to get involved in the business world as an investor.

I just asked him about any investment plan, so I prepared some money and let him work on his own for 5 years, 20 times, to see if he could succeed. "Anyway, I allow you to fail twice, but you can't fail the third time, and the third time you fail, you come back to work and go to work in Wanda honestly." ”

The English name "Prometheus" is taken from the Greek, which means "foresight", and is also the name of the mythical figure Prometheus.

Wang Sicong has also won many times.

For example, in the esports industry, in 2011, he bought the CCM team, which was on the verge of disbandment, and paid back salaries to employees, and then recruited four players from the LGD team to form a new IG team.

In November 2018, the IG team formed by Wang Sicong won the League of Legends World Championship

In the entertainment and live broadcast industry, Wang Sicong has also made great achievements.

In June 2015, Wang Sicong founded Shanghai Banana Project Cultural Development***, and its subsidiaries include Banana Entertainment, Banana**, Banana Game Media, Banana Film and Television, Banana Sports, etc.

As an important part of Wang Sicong's investment territory, the Banana Plan has a registered capital of more than 1 Xi 00 million yuan, not only investing in the movie "Later Us", but also owning artists such as Lin Yanjun and Fu Jing in "Idol Practice" and "Creation 101".

What's more worth mentioning is that in the same year that the Banana Project was founded, Wang Sicong established Shanghai Panda Interactive Entertainment Culture*** and entered the live broadcast industry with Panda TV.

Shortly thereafter, Panda TV's popularity skyrocketed, Angelababy, Lin Gengxin, Lin Junjie, Chen He, Wang Baoqiang and other artists gave away their live broadcast debuts here;E-sports professional players PDD, Ruofeng, Sky, Prisoner, Ash and others have also settled in Panda TV, attracting a lot of popularity to the platform.

Relying on the blessing of funds and connections, Panda TV has become the top three in the industry in the "Thousand Broadcast War".And has received a total of hundreds of millions of yuan in financing, Qihoo 360, Bopai Capital, Hanfu Capital, Sunstone Innovation, Light Source Venture Capital, etc., have extended olive branches to it.

In 2017, Wang Sicong also became the 37th top investor in China.

But Wang Sicong's investment path has not been smooth sailing.

In 2018, LeTV Sports thundered together with LeTV, and Wang Sicong, as a shareholder, claimed 2400 million yuan unsuccessful;In March 2019, Panda TV collapsed, the platform server was closed, and it entered bankruptcy liquidation procedures, with a cumulative loss of about 2 billion yuan;In July of the same year, the equity held by Wang Sicong, a number of companies under the Banana Project, was frozen, and he also became a dishonest person subject to execution.

According to the official website of Pulse Capital, at present, the company has accumulated assets under management of more than 1 billion US dollars and invested in more than 80 projects, including Lele Tea, Qihoo 360, Dewu, Ledou Games, Bilibili, Fushouyuan, Xiaoguo Culture, Wanyu Internet Cafe, etc., and has invested in a number of listed companies.

Moreover, the current Wang Sicong seems to have faded out of the investment development of the pan-entertainment industry, and the investment direction of Pulse has also changed.

At the beginning of 2022, Pulse Capital invested in the establishment of Jiuhuan Carbon Technology Co., Ltd.***The company's business scope includes natural science research and experimental development, electronic special materials manufacturing, and semiconductor device special equipment manufacturing.

In March 2023, Hangzhou Meihe Yapin Cultural Communication was established, which is controlled by Pulse Capital, and its business scope includes artificial intelligence basic resources and technology platforms, takeaway delivery services, catering management, etc.

Father and Son

Wang Sicong's business and style seem to be close to Wang Jianlin, but in the early years, the father and son often staged scenes of love and killing.

For example, the talk show "Luyu has an appointment", once followed Wang Jianlin to work for a day and broke out an itinerary, and the schedule was arranged from 4 o'clock in the morning to be compact and measured in minutes.

But Wang Sicong later said in another show: "It was not a daily itinerary, but it was sent out because it was very hard that day, so don't believe this kind of chicken soup." ”

For another example, Wang Jianlin once said on the show: "The label of a local tyrant makes me very unhappy, but in fact, I am quite educated." ”

Wang Sicong said that his father was not so educated: "I went to the army at the age of 16, and it is difficult to be educated." ”

In addition to scolding his father every day, Wang Sicong is also ruthless when complaining about his own industry.

In July 2016, Wang Sicong recorded a program on Hunan Satellite TV, when he checked into a hotel owned by Wanda, went to the bathroom and found that there was no paper in the bathroom, he immediately complained on Weibo:

"Wanda Vista Changsha is the most xx hotel I have ever stayed in, and TM is opened by my own home, absolutely. ”

For example, he once said that his son challenged his authority during the rebellious period: "He didn't listen to anything I said, he didn't accept me, he thought I was nothing great, I couldn't speak English, and I didn't understand anything." ”

In an interview, Wang Jianlin even reflected on his own education methods:"Looking back now, I let him (Wang Sicong) finish junior high school or high school in China, and then send him abroad, which is more appropriate. ”

But Wang Sicong said: "I think if you go abroad at the age of twelve or thirteen, there is no point, especially after adulthood, your thoughts have been solidified." ”

The big difference in the personalities of the two "masters" also made people more interested in whether Wang Sicong was **Wanda.

In response, Wang Jianlin said: "I have talked to Sicong a few times, but he is not interested in taking over my job, he thinks it is too difficult to manage more than 100,000 people. ”

"If you think he is reliable, there is nothing wrong with handing him over, if you feel that he lacks ability, then let him be a shareholder, and I will hand it over to a professional manager, which is nothing. ”

However, as soon as the words fell, at the beginning of 2022, Wang Jianlin and Wang Sicong jointly established Wanda Industrial Investment***, which was widely believed by the outside world to be a precursor to Wang Sicong taking over Wanda.

But in August 2022, things changed again.

In the same month, Dalian Wanda Group shares changed their industrial and commercial information"Wang Sicong is no longer a director of Wanda Group", not only appeared on Weibo hot search, but also caused more speculation.

Whether Wang Sicong is the best or not is still inconclusive, but in terms of business development and direction, the connection between Wang Sicong and Wanda is indeed like Taishan Cultural Tourism and Fitness Center, which is getting closer or closer.

The frogming health project invested by Pulse Capital, Gaodeng Group, Jiuhuan Carbon Structure Technology, etc., also either have business cooperation with Wanda or Wanda as a shareholder, in short, there is a relationship with Wanda.

Therefore, it cannot be ruled out that Wang Sicong is further training himself in vitro through some projects closer to Wanda's business, and then better return to Wanda. After all, his father Wang Jianlin is old, and Wanda Group is also facing new challenges and opportunities, as the only son in the family, he cannot always be an outsider.

Perhaps, Wang Sicong still yearns for "going to the end of the world with a sword", but the reality makes him have to make changes at the age of 35In a more father-like appearance, go to the battlefield of your father.

There is a saying in China: "When I grow up, I will be you", Wang Sicong:

is growing up.

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