We all know that Wang Sicong is an iconic rich second generation who has won the attention of the majority of netizens with his unique personality and behavior. However, the recent news has taken many people by surprise, and Wang Sicong has taken over the operation of the family business. This decision may seem sudden, but it is actually reasonable.
First of all, we can see signs of maturity in Wang Sicong's behavioral changes. In the past, he showed people with his flamboyant personality and impetuous behavior, but in this **, we saw his attitude of listening carefully to the leader's speech. This change in attitude shows that Wang Sicong has a clearer understanding of his role and responsibility.
Secondly, the need for transformation of Wanda Group also prompted Wang Sicong to take over the operation of the family business. In the past few years, Wanda Group has been undergoing a transformation, from a development enterprise to a commercial management enterprise. Wang Sicong, as the son of Wang Jianlin, is naturally the future leader of Wanda Group. He took over the operation of Taishan Cultural Tourism and Fitness Center in order to meet the needs of Wanda Group's transformation.
For Wang Sicong's sudden change of mind and return to the family business to take up an important position, we can find the following two reasons.
First of all, Wanda Group is facing a debt pressure of 40 billion yuan, and Wang Sicong needs to return to share part of the pressure. The problem with family businesses is that the burden is shared by the family members, rather than by individual family members alone. As the founder of Wanda Group, Wang Jianlin has reached an old age, and dealing with debt problems definitely requires a new way of thinking and leadership. As the second generation of Wanda Group, Wang Sicong has rich business experience and resources, and returning to the family business is a wise choice to solve the debt problem.
Secondly, Wang Sicong's efforts and results in personal entrepreneurship also influenced his decision to return to the family business. Since 2009, Wang Sicong has his own commercial company, Pulse Capital. He used his reputation to attract other rich second generations to follow, and in just a few years, he achieved very considerable results. However, Wang Sicong is also well aware of the risks and difficulties of starting a personal business, especially in a highly competitive market. Therefore, the return to the family business is to reduce the risks brought by individual entrepreneurship and make better use of their own capabilities and resources.
As a well-educated rich second generation, Wang Sicong's business experience and entrepreneurial journey are very rich and diverse.
The first is his investment project, Panda Live, which has made great strides since Wang Sicong joined. He used his connections in e-sports and the entertainment industry to attract many A-list stars and professional players to join the live broadcast platform, making it quickly become a leading player in the industry. However, due to concerns about equity dilution, Panda Live ultimately failed to continue to develop. This is also the embodiment of Wang Sicong's business judgment and risk awareness.
The second is his investment project, Banana Project, which is an entertainment and cultural company mainly engaged in the business of cultivating girl groups and hosting events. Although the Banana Project started well, it did not end up with the desired results due to disagreements with Tencent and other factors. The failure of this project illustrates the investment risk and the fierceness of the market competition.
To sum up, Wang Sicong's return to the family business and taking over important positions is a combination of his personal experience and the needs of the family business. As the leader of Wanda Group, he faces great responsibilities and pressures, and needs to lead the family business with a mature and steady attitude. I believe that in the future development, Wang Sicong will continue to show his ability and talent and make more contributions to the development of the family business.