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Wang Sicong, the son of the former richest man, once went out of the circle because of the "fire" of chat records with Internet celebrities.
From "Thinking of Your Night" to "Onion Oil True Destiny", Wang Sicong and Internet celebrity Sun Yining have been hot searches for many days, and have become the talk of everyone after tea and dinner.
The incident originated from Sun Yining directly exposing the chat records with Wang Sicong on social media, and the "national husband" in the chat frame changed the domineering president style of the past, and the earthy love words were continuous, which surprised people.
Wang Sicong, who was jokingly called "net red harvester" by netizens, has been the image of "love field winner" before this, and his love affair with Net Reds such as Sydney, Zhang Yuxi, and Dou De'er is also a good gathering.
As early as 2011, Wang Sicong had been publicly angry with Wang Xiaofei and the Big S family, claiming that Wang Xiaofei was a "self-appointed beijing four youngsters" and quickly exploded on Weibo, and then repeatedly shelled Fans Bingbing, Zhang Xinyu and other stars and became known as the "Entertainment Industry Discipline Inspection Commission".
The son of the richest man, the king behind e-sports... Wang Sicong is mostly active in the public media with the cynical but grounded image of the rich second generation.
In 1988, the same year that Wang Sicong was born, Wang Jianlin founded the Wanda Group.
This year, Wang Jianlin was only 34 years old, only one year older than Wang Sicong, who is now "I am not oily".
However, although Wang Jianlin was very happy to have a son at an older age, in fact, Wang Jianlin at that time spent all day running for wanda, which he had just founded, and did not have much time to spend with his son.
It is precisely because of this that under the guilt and compensation for the lack of childhood companionship, Wang Jianlin, after becoming famous, was extremely spoiled by Wang Sicong, which can be said to be responsive.
This spoiling has also become wang Sicong's future "publicity" capital.
Taking advantage of the east wind of the richest man's father, Wang Sicong directly and publicly said: "I never care whether my friends are rich or not, after all, none of them have me money." ”
Wang Sicong said something appropriate and sincere.
The internet celebrity of the flowing water, the iron Wang Sicong, compared with the 34-year-old father Wang Jianlin, who was steady and steady, the rich second generation Wang Sicong is more like a playboy in the game world, and every time he appears in the media vision, he is surrounded by beautiful women, which is completely different from his father's self-made style.
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Now Wang Sicong has the capital to "throw thousands of dollars" Bomei and smile, while the original Wang Jianlin racked his brains in order to apply for a loan.
With the goal of the first pot of gold, Wang Jianlin is bent on winning the old city transformation project of Dalian.
Old City renovation projects are not easy to do. Although the government is very supportive of the renovation of the old city, the cost of the project transformation is very high, because the price of the old city is very low, and it is likely to be a loss-making transaction.
When visiting the shack part of the old city, the project members made a calculation that the project renovation cost was as high as 1200 yuan per square meter, which was 100 yuan higher than the highest house price in Dalian at this time.
Faced with the high cost of renovation and development, many real estate developers have returned home.
Wang Jianlin decided to give it a try. Popular plots are too demanding to grab resources, and it is better to fight on the old city renovation project.
The high capital investment has exceeded the budget, so take out a loan to make an investment.
In order to get a loan from the bank president, Wang Jianlin even squatted at the bank gate every day.
If the cost of renovation is high and it is not profitable, then find a way to increase the price. Wang Jianlin led the project team to spend a lot of thought on the decoration of the house, installed aluminum alloy windows, all equipped with anti-theft doors, and even the original dark hall was also modified.
After a meal of operation, it exceeded the task, more than 1,000 houses sold out in just one month, the average price was nearly 1600 yuan a square meter, and after all the costs were removed, it also made more than 10 million yuan.
However, the old city renovation project was successful, and Wang Jianlin almost suffered punishment for a reward for the "team building" under his subordinates.
In order to collectively celebrate the over-completion of the project, Wang Jianlin rented a bus and led the team to play in the nearby scenic spot for 3 days, spending a total of more than 200,000 yuan before and after.
Compared with the more than 10 million earned, the more than 200,000 yuan of the project celebration is actually only a small amount of money.
However, some people could not help but be red-eyed, and internal employees wrote to report Wang Jianlin's "public funds consumption", and the municipal party committee decided to punish Wang Jianlin and Wang Jianlin to bear the cost of team building.
For Wang Jianlin at this time, if he really betrayed the punishment, his future would definitely not be guaranteed.
Fortunately, Wang Jianlin was more "lucky", and in the end, he "luckily" dodged it, and only needed to make up the money.
Although the incident did not have any impact in the end, it left a shadow of "public funds" for Wang Jianlin.
It is precisely for this reason that after the promulgation of the share reform policy, Wang Jianlin resolutely led wanda to complete the shareholding restructuring of the enterprise in the first batch and got rid of the constraint of "public funds".
Wang Jianlin, who completed the restructuring and light loading, led Wanda Group to move forward in a big way, from the transformation of commercial real estate to the development of cultural tourism real estate to the cross-border acquisition of AMC and Legendary Pictures, taking advantage of the east wind of the times to accurately expand all the way.
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While taking the Wanda Group all the way from the region to the whole country, Wang Jianlin's personal wealth is also increasing.
In 2015, Wang Jianlin ushered in his own highlight moment, ranking first in Asia and first in the Chinese in the Bloomberg Rich List, and was crowned the richest man with a huge wealth of more than 36 billion US dollars.
Soon after, Wang Jianlin was also the richest man in China on the Forbes and Hurun rich lists.
Wang Jianlin, who became China's richest man, began to try to train Wang Sicong as his successor, giving Wang Sicong 500 million yuan and 3 failure opportunities to test whether his son was "business material".
As a "stupid son of a landlord's family", Wang Sicong did not actually have a very happy childhood.
His father ran the Wanda Group, and every day he took care of every opportunity, and he had no time to accompany Wang Sicong.
Her mother, Lin Ning, is also a strong woman who runs the Lin Investment Group and also has no time to take care of her children.
When he was only 5 years old, Wang Sicong was sent abroad by his parents, accompanied only by a nanny and a driver, which also cultivated his "entertainment industry discipline inspection committee" unruly and barbaric growth character.
But standing on the shoulders of the "giant", Wang Sicong also made small achievements in his career, becoming a top investor in 2017 and investing 6 billion yuan for himself.
According to public information, Pulse Capital, founded by Wang Sicong, has invested in nearly 100 projects, including dianping, laughing fruit culture, Renrenche, Netfish Internet Cafe and other well-known companies.
Combing through Wang Sicong's investment trajectory, Pulse Capital presented two distinct investment styles in the early and late stages: the early stage focused on listed companies in the pre-IPO stage such as anchor investment and cornerstone investment, which achieved rapid accumulation of funds; in the later stage, it concentrated on creating its own pan-entertainment circle IP through the banana plan, but it was quite difficult under the pressure of Tencent.
Before 2015, many popular pre-IPO leading stocks had Pulse Capital in the figure.
As we all know, such pre-IPO stage stocks have a large amount of capital inflow once they are listed, which can almost be regarded as a project that makes no loss.
What this type of project lacks is never a visionary investor, but a ticket with resources.
The reason why Wang Sicong was able to come out on top among many investors and have the qualifications of anchoring and cornerstone investment is obviously related to his status as a director of Wanda.
With the rapid accumulation of capital, simple money can no longer satisfy Wang Sicong's appetite.
His new goal is to build a business empire of games and entertainment.
In 2015, Wang Sicong announced on his personal Weibo that he would serve as ceo of Panda TV.
The CEO personally went down to publicize that Panda TV has received rapid traffic expansion, exceeding 500,000 users within 4 days of going online.
The live broadcast platform is only a traffic entrance to Wang Sicong's entertainment empire, and what Wang Sicong wants to create is the pan-entertainment matrix "Banana Plan" covering sports, e-sports, music, film and television culture.
With the traffic support of Wang Sicong's "national husband" and "entertainment industry discipline inspection committee", the "banana plan" has indeed caught fire for a while.
Through high salary attraction and the contacts accumulated over the years in the e-sports circle, Wang Sicong has poached highly popular anchors such as Erke, Prisoner, and Sol Jun from the outside, and has also laid out multiple variety shows in the entertainment industry, and cultivated artists such as Qiang Dongyue, Fu Jing, and You Changjing internally.
However, capital games can be played with resources, but management requires real hard work.
Compared with his father's precise vision and unique business model of betting on the track, Wang Sicong obviously owes ignition.
The multi-track parallel banana plan moved the cheese of the leading industry Tencent, tencent itself invested in the establishment of Tencent e-sports, and successively invested in Huya and Douyu.
Live broadcasting has always had a relatively fixed traffic market in China, and Tencent has developed strongly with Huya and Douyu, and Panda TV is bound to be impacted.
E-sports and live broadcast resources are being pressed step by step by Tencent, and trainee resources are also stretched under the spotlight of Lehua.
The banana program, which lacks sufficient industry accumulation and financial support from contacts, has finally shown its decline.
In March 2019, Panda Live went out of business and publicly announced on the official micro that it would shut down the server.
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Wang Sicong's investment failure is just a small thing for Wang Jianlin.
After all, before the freezing of Panda Live's equity, Pulse Capital had already pledged a large amount of equity to Wanda Group. Even if the equity is disposed of after freezing, Wanda Group, as the pledgee, has the right of first refusal to receive the equity of Panda Live.
That is to say, if the frozen equity of Panda Live is sold, Wanda Group can get the funds exchanged for the sale of the equity in priority, and the money is only transferred from the left pocket to the right pocket.
What really made Wang Jianlin anxious was the grim situation in the stock and bond market.
In 2017, Wanda began its downward spiral under the double killing of stocks and debts.
While sending his son to study in the UK, Wang Jianlin himself is also full of interest in overseas projects.
When Wanda Group followed the boom of the times from the real estate industry to the cultural tourism industry, Wang Jianlin set up a new plan for himself in addition to the "100 million small goal", entering the IP film and television industry to create a pan-cultural tourism circle and surpass Disney on a global scale.
Beyond Disney's dream, Wang Jianlin presided over Wanda's large number of overseas mergers and acquisitions, including many well-known cinema companies such as Legend, Carmike, and AMC, which have triggered circuit breakers in the US stock market many times in recent days, and have increased by nearly 30 times in 2021 alone.
In Wang Jianlin's business planning layout, Wanda is about to build five-star hotels in more than a dozen well-known cities in the world to achieve brand going to sea.
In the era of continuous depreciation of the renminbi, a large number of overseas assets held by Wang Jianlin fully enjoyed the dividends of the appreciation of the US dollar, and the value of the body was further increased.
However, the weather is unpredictable, and the country's shift in overseas investment policy has made Wang Jianlin's efforts in vain. Overseas projects that had high hopes have become a burden at this time, and the huge capital deficit has brought unprecedented pressure to Wanda.
Under the debt, the assets can only be sold all the way.
At the end of 2018, Wang Jianlin announced that in the 17-18 years, Wanda had sold 100 billion yuan of assets, of which the most prestigious Wanda Department Store sold to Suning for 2.7 billion yuan.
Complete one's misery.
Not long after, due to the Panda TV project, Wang Sicong was restricted to height many times, reflecting that Wanda's influence was not as good as before.
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Although Wanda sold a lot of assets, it was fortunate to successfully make up for the deficit in liabilities, as long as time passed, a comeback is just around the corner.
However, the sudden outbreak of the epidemic in 2020 disrupted all of Wang Jianlin's plans.
From movies to shopping malls, the epidemic has brought a great impact on Wanda's operations.
Three months ago, Wanda finally withdrew its queued application for an A-share IPO. Prior to this, Wanda had been queuing for nearly 6 years to list on the A-share market.
The reason for the withdrawal of the application is simple: Wanda Commercial's cash flow is already very tight, and it needs to go public as soon as possible to raise funds.
As we all know, the standards for A-share listing are more and the preparation time required is too long, and even often takes 2-3 years, for example, Pretty Jiangnan once suffered a loss from the A-share listing time for too long.
Hong Kong stocks and US stocks only need 3 months to complete the listing preparation at the earliest, and the switch to overseas stocks can obviously meet the cash flow needs of Wanda Commercial very quickly.
In Wang Jianlin's view, Wanda commercial real estate is the core business that Wanda Group will never abandon and is the foundation of Wanda Group.
Because of this, although Wanda Commercial has submitted a prospectus for an A-share IPO application in 2015, it is limited by the policy's tendency to regulate real estate, and few real estate companies have been listed on the A-share market in recent years.
In order to smoothly list, Wang Jianlin chose to split the listed entities and circumvent the relevant policies of real estate regulation by covering the commercial part of Wanda Plaza.
However, the long wait eventually became a cloud of smoke.
Wanda is not the original Wanda, and the era is no longer the original era.
Not only did Wang Sicong not succeed Wanda, but the rhetoric that had once been "no one has money for me" eventually came true.
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At that time, Wang Jianlin turned to the left, and the small goal was to "earn one hundred million yuan first", and step by step with the Wanda Group to grow and expand.
Today's Wang Sicong to the right, the small goal is to achieve "unmarriedism", one after another Internet celebrities come and go.
Even father and son, the choice and the way are completely different.
If Wang Sicong is not the son of the richest man he once was, the melon-eating masses will not be so happy, and the sorrows and joys of mankind may be the same.
It is a pity that if you want to wear a crown, you will bear its weight.
A high starting point would have meant more attention, and all moves would have been amplified.
However, in this era of rapid change, compared with "tiger father and no dog", it is more "easy to fight the country, and it is difficult to defend the country".
The position of the richest man in the iron, the chaser of fame and profit in the flowing water.
People's hearts are like water, and people's movements are like smoke.
Wang Jianlin may still be waiting for Wang Sicong to take over the Wanda Group one day, but there is not much time left for Wang Sicong to grow.
For Wang Jianlin, the same is true
The author of this article: Fengshengjun by the sea, released by the exclusive authorization of Fengsheng Island.
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