In 2013, Wang Jianlin, chairman of Wanda Group, stood proudly on the rostrum of the opening ceremony of the Oriental Film and Television Industrial Park, and declared that by 2020, Wanda Culture Group's revenue would reach 80 billion, enter the top ten of the world's cultural enterprises, and become a world-class cultural enterprise. The acquisition of American Legendary Pictures, the strategic cooperation with Sony Pictures, and the $1 billion acquisition of the Golden Globe Award production company DCP Group and a series of dazzling actions caused Americans to exclaim loudly: Chinese are going to occupy Hollywood, and Wanda is in the limelight for a while.
Ten years later, in 2023, after some tossing, due to the imminent expiration of a 38 billion gambling agreement, Wang Jianlin, who was helpless, had to be forced to sell the Wanda Pictures he had built, and withdrew from this once proud cultural industry5.5 billion ** officially transferred 51% of the equity of Wanda Pictures to Shanghai Ruyi Group, and the name of the actual controller of Wanda Pictures was also changed from Wang Jianlin to Ke Liming. The Wanda movie, which once made Wang Jianlin extremely proud, has never had a half-dime relationship with Wang's father and son since then.
Speaking of Wanda Film, it can be regarded as one of the few high-quality assets in the Wanda Group, according to the data of the financial report for the third quarter of this year, Wanda Film's revenue in the first three quarters was about 1134.7 billion yuan, an increase of 46 percent year-on-year98%, the net profit of the company's shareholders is about 111.4 billion yuan, is the best performance of the mainland listed film companies, as of September this year, Wanda Film has 877 cinemas in China, including 709 cinemas directly managed by Wanda, 168 asset-light cinemas, the cumulative market share in the first three quarters is 165%, ranking first in the mainland cinema industry.
But even so, it is still invincible to the cold economic environment, if it weren't for the lack of money, Wang Jianlin is really unwilling to break his arm to survive, Ke Liming is a very mysterious mainland tycoon, according to official information, Ke Liming was born in Huanggang, Hubei Province in 1982, is a post-80s, studied in Australia, and later worked as a senior analyst in a Hong Kong hedging ** management company, in 2009 Ke Liming officially took over the Chinese Ruyi company established by his brother, and established a series of companies, Shanghai Ruyi is one of its subsidiaries, founded in 2013, is a predator in the film and television production and streaming industry in recent years.
According to the company's financial report, the largest shareholder of Shanghai Ruyi is also the actual controller Ke Liming, holding 37 shares26%, and the second largest shareholder is Tencent Ma Huateng, holding 2045%, Shanghai Ruyi has participated in the investment of film and television dramas in recent years, including this Langya Bang, Miyue Biography, Pancake Man, Sewing Machine Band and other popular dramas, and has successively participated in the production of Hello Li Huanying and Disappearing She and other box office hit film and television works, and now won Wanda Films, Shanghai Ruyi has become a film and television production group company integrating film and television production and distribution theaters to the whole industry chain layout. It has also become the largest cinema group in mainland China. Dominate the mainland's film and television industry overnight.
The rise of a new overlord also means the exit of an old overlord, although Wanda Pictures temporarily exchanged for a little time to continue his life, but Wang Jianlin's crisis is far from being resolved, just a few days after Wanda Film changed its surname to Ke, there are many sources pointing out that Wanda has as many as 40-50 Wanda Plazas in first- and second-tier cities in the mainland have also been put on the shelves, Wang Jianlin is communicating with potential buyers to ** these properties, Wang Jianlin's purpose of eagerly raising money is most likely to repay a total of 7.2 billion domestic and foreign maturing bonds that will mature at the end of December this year. This can result in the payment of liquidated damages plus a credit rating downgrade. In the future, if you want to borrow money, the cost will rise sharply, and you may also be added to the collateral assets, and the final result is a vicious circle, with high debts and debts, and in the end all high-quality assets are carved up, and the business empire is wiped out, Evergrande is the most vivid example.
In July this year, Wanda had three ** Wanda Films and Wanda Investment's equity was to repay the debt of nearly 7 billion due, look at those fellow travelers who were once beautiful, Xu Jiayin, Jia Yueting, Yang Huiyan, they established these business empires collapsed one after another, At the same time that Wang Jianlin lost one small goal after another, what is his son Wang Gongzi, the former national son-in-law Wang Sicong, doing?
Wang Sicong's childhood is actually very unfortunate, he was sent abroad by Wang Jianlin since he was a child, primary school in Singapore, secondary school and university in the United Kingdom, and did not return to China until his freshman year, his parents were not with him for more than ten years, and his son was not by his side in those years Wang Jianlin is busy with business, and he has single-handedly built a Wanda business empire, which is extremely brilliant in his career, but as a father, he is obviously unqualified, Wang Sicong was lonely and inferior when he was a child, and he was at a loss when he encountered something. I didn't dare to confess to this girl I liked, I belonged to the kind of person who was directly submerged in the crowd, so after becoming the richest man, Wang Sicong desperately changed his girlfriend, which is probably a kind of psychological revenge for the shadow of childhood.
When he was 16 years old, Wang Sicong suddenly found that his father was very rich, and in the face of his son's questioning, Wang Jianlin replied embarrassedly that this was discovered by you, and it is said that the reason why Wang Jianlin hid the fact that their family had money from Wang Sicong was that he said that he did not want his children to be contaminated with copper odor and to cultivate children's Xi of thrift, but the actual effect was seen by everyone, and Wang Jianlin's later way of making up for it was just the opposite, that is, Wang Sicong gave whatever he wanted, and tried to meet him as much as possible no matter how excessive the requirements were. After knowing that his family had money, Wang Sicong's mentality instantly swelled, and he immediately began to show off his wealth in different ways.
Needless to say, luxury cars and yachts, the dog leash of the dog he raised was Hermes, and he once said a classic saying that I don't care if I have money or not, anyway, you don't have as much money as I am. In addition to showing off his wealth, scolding people with a poisonous tongue is even more a must, from Wang Xiaofei to Lei Jun, from this Fan Bingbing to Feng Xiaogang, oops, his fame once surpassed his father Wang Jianlin, Lao Wang and Xiao Wang had an in-depth conversation, we don't know the content of the conversation, but since then, Xiao Wang finally stopped doing nothing, in 2009, the 21-year-old Xiao Wang founded Pulse Investment, worthy of being the son of the richest man, Lao Wang gave his son 500 million start-up capital in one go, I go, and he will also give him another 200 million capital injection every year.
A steady stream of funds, tens of millions of Weibo fans, and strong credit backing are all dreamed of by other entrepreneurs, and Xiao Wang easily has them, envying others. Wang Sicong's investment cases include Panda Live, Pulse Investment, Banana Project, Crystal Pear Juice Entertainment, etc., but all of these companies ended up with their shares frozen, and none of the eight companies under his name survived.
At that time, when Wang Sicong was engaged in this panda live broadcast, the competitors were Douyu and this Huya, and the founder of Douyu was Chen Shaojie, who had no background in the 80s, and fought his way out of the blue ocean of live broadcasting, firmly occupying the position of the industry leader. The founder of Huya is this Li Xuelin, who was once a general under Lei Jun. The reason why Tencent later invested heavily in Douyu and Huya was because it was optimistic about their beautiful financial report, very good cost control, and bright prospects, and Wang Sicong Wang Young Master's Panda Live broadcast Although the starting point is very high, but the business situation is a mess, Panda Live was just established in October 2015, and it lost 50 million that year, and lost half a small target in two months, and it was shut down in March 2019, and the total loss of Panda Live exceeded 2 billion, and the arrears were 1500 million. Listed as the person subject to execution by the court.
Wang Sicong is no stranger to the four words of asset freezing, in 2015, Wang Xiaofei's mother Zhang Lan's assets were frozen, Wang Sicong immediately posted on Weibo to ridicule Da S has cried and fainted in the toilet, this Liu Qiangdong had an accident in Minnesota, USA, and Wang Sicong also ridiculed the milk tea sister for the first time and became a matcha sister. Wang Sicong, who loves to watch the excitement, may not have thought that he would one day be frozen in assets. Later, Wang Sicong felt that it was better to be low-key, and immediately quietly emptied his Weibo, Set up for half a year, it became a lot more low-key, no longer scolding people everywhere, on October 27 this year, Wang Sicong, who was dressed casually, appeared in Tai'an, Shandong, and signed this agreement with Tai'an City ** on the cultural tourism project as the chairman of Beijing Huanju Business Management, and it seems that he intends to come back to inherit his father's business.
In the face of this family affection, Wang Jianlin is indeed unwise, don't you know what his son's achievements in 10 years of entrepreneurship are? Now in Wanda's difficult situation, why don't you quickly cut down on food and clothing, reduce investment, keep the one-third of an acre of land in your hand, don't have more losses, and then find a shrewd and capable professional manager to take over his shift, help the company tide over the difficulties, comprehensively reorganize the company's business, and then try to stamina? After seeing the news that Wang Sicong plans to return to Wanda to take charge of the company, I only hope that Xiao Wang will not toss Wanda again!