If it were not for Lin Ning's move, perhaps Wanda would have declared bankruptcy long ago.
In 2017, all listed groups experienced a major economic upheaval. Many companies have gone bankrupt because they do not have enough strength and luck to withstand this economic crisis.
Even groups like JD.com, Alibaba, and Evergrande have not escaped the fate of being affected, and their market value has all shrunk significantly.
The same is true of Wang Jianlin's Wanda Group, and because of the perennial application for loans from banks and the promulgation of national policies, Wang Jianlin's debt ratio is as high as 70%.
In addition, Wang Jianlin's overseas investment in the industry has also suffered a heavy blow. So it's not hard to imagine how serious things really were that happened. Soon after, news broke that Wanda Group's total liabilities exceeded 400 billion yuan.
According to media reports, if Wanda Group does not make corresponding countermeasures, the bank will take restrictive measures. This is undoubtedly worse for Wang Jianlin, who suddenly changed from "the richest man" to "the first loser".
Even if Wang Jianlin tries his best to tear down the east wall to make up for the west wall, it is simply a dime a dozen for the huge debt of more than 400 billion yuan.
Just when Wang Jianlin was desperate, his wife Lin Ning stepped forward. First, she sold several of her jewelry and antique jewelry companies, as well as some subsidiaries. Using his personal connections, he suddenly helped Wang Jianlin pay off 200 billion debts.
In addition, in order to let Wang Jianlin have an absolute right to speak in the company, Lin Ning transferred all the Wanda shares he owned to Wang Jianlin. And Wang Jianlin did not live up to the expectations of his wife Lin Ning, and stabilized Wanda's decline in only one year, bringing Wanda back to life.
However, Lin Ning's strength is far more than that, she has also helped her son Wang Sicong repay 100 million debts.
To say that Wang Sicong can get out of the "old Lai storm", we must also thank his mother Lin Ning.
After Wang Sicong returned to China that year, he began his independent entrepreneurial journey with the 500 million yuan given by his family. Because of its fascination with gaming esports, and because the esports industry was on the rise at that time.
The arrogant Wang Sicong, without saying a word, entered the e-sports industry, and then his value also soared, and he also founded the Panda live broadcast platform, which made a lot of money.
Unfortunately, due to changes in the market environment, the company invested by Wang Sicong began to gradually decline, not only losing the amount of investment, but also owing more than 100 million debts.
In 2019, he was included in the list of untrustworthy executors by many courts, and Wang Sicong became an old lai, and even restricted high consumption, and the panda live broadcast he invested in was almost on the verge of bankruptcy.
After the incident, netizens unanimously believed that Wang Sicong's father, Wang Jianlin, would pay off his debts, but unfortunately, Wang Jianlin at that time was also too busy to deal with his own debt problems, and there was no way to "save" Wang Sicong.
But as a mother, Lin Ning could not bear to see her son suffer, so she voluntarily paid 100 million yuan for him to help him solve the debt problem. Although Wang Sicong's debt is more than 100 million yuan, his mother has paid off most of the debt for him, and the three consumption restriction orders issued by the Shanghai Municipal People's Court against Wang Sicong have also been revoked.
Wang Sicong is still active in the business circle, thanks to his mother Lin Ning.
Lin Ning not only gave advice to her husband Wang Jianlin when his career was in crisis and got out of the predicament, but also pulled him in when his son Wang Sicong was "trapped".
This has to arouse people's curiosity, what is the origin of this Wang Jianlin's wife and Wang Sicong's mother?
As the saying goes, "The scarf does not let the eyebrows be shaved", which is used to describe Wang Sicong's mother, Lin Ningzhun.
In the public's impression, the most familiar is Wang Jianlin, chairman of Wanda Group, and his son "national husband" Wang Sicong.
But few people know what kind of woman Wang Sicong's mother, Lin Ning, is, and the outside world still knows very little about her origin.
In fact, Lin Ning was born into a military family, and his father was a senior military officer. As the daughter of a soldier, Lin Ning has received a strict education since she was a child and has been working hard in her studies.
As she grew older, her own abilities were also precipitated, and she was able to do everything, both in terms of learning and socializing.
Many people think that after she married Wang Jianlin, she married into a rich family, but she did not know that she herself was a rich man.
As early as 1994, when she had not yet met Wang Jianlin, Lin Ning opened her own entrepreneurial road and became the chairman of Lin's Investment Group, with countless enterprises under her name.
In addition, Lin Ning also founded a high-level club, and those who can qualify for it are both rich and noble, and even the royal family and nobles are regular visitors there, which is enough to prove how wide Lin Ning's social circle and contacts really are.
The acquaintance of Lin Ning and Wang Jianlin is also in the workplace, Lin's enterprise is involved in building decoration, and Wang Jianlin mainly invested in the real estate industry at the beginning.
The two companies have a certain amount of business in daily life, and in the process of cooperation, the two have a good feeling for each other, and soon after, the relationship is established.
At that time, Wanda founded by Wang Jianlin was still in the early stages of entrepreneurship, and with lin ning's blessing, Wanda began to develop rapidly, and by 2017, there were more than 1,300 Wanda cinemas.
I have to say that Lin Ning is indeed a very powerful woman, so that even if Wanda encounters an economic crisis later, and her son Wang Sicong has a debt dispute, she can calmly and confidently solve it.