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Wang Sicong's collapse

Wang Sicong's collapse

Author | Xiangyu

A few days passed in the incident of Wang Sicong's beating, and the aftermath is still there.

First, the video claiming to be the scene of the beating was full of Netflix, and soon news said that the incident was settled at a cost of 2.09 million yuan.

The appearance of 2.09 million actually made many netizens say: kneel and beg Wang Sicong to slap himself in the face.

However, yesterday, at 17 o'clock on January 16, Chen Moumou, who was suspected of being beaten by Wang Sicong, responded in a live broadcast that the compensation was not as exaggerated as the 2.09 million yuan reported on the Internet.

But not long after, there were unconfirmed rumors that Wang Sicong specially opened a live broadcast to talk about the beating incident, and received 6 million yuan in tips and other expenses.

As soon as the account was calculated, it was earned.

Wang Sicong's collapse

Wang Sicong's police report on the beating incident on the streets of Shanghai

Of course, the rumors are true and false, and both false and false, but behind the heated discussion, public opinion is unwilling to let Wang Sicong go.

People are especially willing to believe that anything strange has happened to this high-profile and arrogant Young Master Wanda.

The more exaggerated Wang Sicong's side as a "young master" is, the smaller he becomes as an entrepreneur and investor.

This is not something that Wang Sicong is happy to see. There are two reasons for this: 

First, although Wang Sicong is willing to be high-profile, in the past, whether it was "hand-tearing" celebrities or "supervising" artists, Wang Sicong took the initiative in public opinion. 

In the beating incident, the situation is very different. As of press time, the administrative reconsideration decision of the public security organ has not yet been settled, and under the spotlight, the young master, who has never been deflated, is at risk of collapse at any time.

Second, the "young master" has always been mixed in the entertainment, emotional and financial sectors, and this time mixed into the "social section", Wang Sicong's image of the young master who has been operating for many years has devalued its commercial value to the public.

To elaborate, Wang Sicong never directly offends the poor. The people he directly offended were those of the "upper class". Wang Sicong was named the "Discipline Inspection Commission of the entertainment industry", although he looked up, he felt cordial and grounded.

This time, Wang Sicong finally showed the style of "evil young master".

Because he suspected that the other party was secretly filming, he would beat people on the street. Friends around me are helpers who don't ask right or wrong. After getting into trouble, you can also use the rich experience of the legal team to avoid trouble...

Therefore, the false rumors of the 2.09 million settlement fee, as well as the suspected spoof of the live broadcast "anti-profit", are public opinion refusing to let him go.

At present, the reinforcement of the image of the "evil young master" is piercing the bubble he once had.

01

From young entrepreneur, "old lai" to "evil few"

Although it is not Satoshi's pleasure, the current situation is obviously not under his control. 

Otherwise, what else can Wang Sicong talk about now?

Since the disappearance of the Weibo account on which Wang Sicong became famous in April 2022, the guiding power of his "opinion leader" has been discounted by half.

Looking further ahead, the e-sports and live broadcast business that made him stand out is basically nothing.

Wang Sicong could have carved out a new path in the mall. As we all know, in 2009, Wang Sicong just graduated from the philosophy department of the University of London, received 500 million yuan of "pocket money" from his father, and then established Beijing Pulse Capital Co., Ltd. 

Wang Sicong's collapse

Beijing Pulse Investment Co., Ltd. was established on December 4, 2009, and the legal representative is Wang Sicong

There are also media disclosures that 500 million is only the initial capital, and other funds come in every year. 

Wang Sicong's early investment ideas were mainly financial investment, focusing on investing in pre-listed companies, and making a lot of money in the style of "one-day trip".

At the peak of its reputation, Pulse Investment once accurately bet on many good companies, claiming to have invested 5 billion yuan with 500 million yuan, and Wang Sicong was also known as a business genius.

Even Wang Jianlin has openly admitted that "in some areas he may see better than me."

The bigger fame comes from the esports business. In fact, even today, people in the circle still have a very high evaluation of Wang Sicong, and promote "President Wang" as the founder of the commercialization of e-sports.

Wang Sicong sloganed, "Strong entry, integrated e-sports", in 2011, he entered the e-sports industry in an integrated way. First of all, he set his sights on the CCM team, which was on the verge of disbanding at that time, and after collecting it, he paid employees a two-month salary, and poached 4 members from the LGD team at a sky-high price to form a new IG team. 

Before Wang Sicong entered the e-sports circle, domestic e-sports were still a minority. "Behind the Scenes of Chinese E-sports" records that the CCM team, the predecessor of the iG team, faced a dilemma in 2011, when the rent expired, the salary was suspended, and the five members who won the national championship cried after winning the championship and wanted to disband on the spot. 

Saving the e-sports team and vigorously supporting it is a venture by Wang Sicong. 

Wang Sicong's collapse

On November 4, 2018, Wang Sicong was at the scene of the League of Legends S8 Finals

In addition to entrepreneurship, investment layout actions are also frequent. Pulse Capital has invested in a number of game companies, including Yunyou Holdings, Dream World, Tidu Technology, Netfish Internet Cafe, etc., and Wang Sicong's integration in the e-sports circle has also attracted much attention from the outside world.

The peak of passion, fame and honor was in November 2018.

On the night IG won the championship. The boys' dormitory constantly emitted ape-like calls, and the admiration of "IG bull" flooded the Internet.

At the scene of IG's victory, Wang Sicong ate a hot dog and occupied the media focus and public attention.

To celebrate IG's victory, he celebrated on Weibo and drew four prizes.

The 113 people who were drawn for the first time each received 10,000 yuan in cash. As soon as the tweet came out, it exceeded one million retweets, and overnight retweeted more than 10 million.

At that time, people deeply realized from Wang Sicong that he was not just an ordinary rich second generation.

Young entrepreneurs, business geniuses... All kinds of praise and recognition followed.

02

Vanishing business empires

"After the peak, there is a downhill", this sentence is certainly not a truth insight, but just a summary of some experience.

But Wang Sicong embarked on this old path.

Just 5 months after the climax of IG's victory, Wang Sicong's business empire issued a risk alarm.

In March 2019, Wang Sicong's entrepreneurial brainchild, Panda Live, was on the verge of bankruptcy.

Zhang Juyuan, CEO of Panda Live, announced that Panda Live has not raised funds for 22 months and is about to dismiss the company's employees. 

Panda Live is a community software that focuses on game live broadcasting. On September 5, 2015, Wang Sicong personally announced through Weibo that a live broadcast platform called "PandaTV" was about to go online, and he would also serve as CEO.

Wang Sicong's collapse

Panda Live is a community software founded by Shanghai Panda Interactive Entertainment Culture Co., Ltd. that focuses on bullet-style game video live broadcasting

At one time, pandas and tiger teeth and betta fish "tripods". Panda Live was officially launched, and in just 4 days, the number of registered users exceeded 500,000. 

The gratifying development momentum has also made Wang Sicong place more expectations on Panda Live, "hoping to connect games, entertainment, sports and other industries through the live broadcast platform."

This huge pan-entertainment business empire, which actually began in June 2015, is now known as the "banana series".

In 2015, Wang Sicong and his friend Gao Xiang established Shanghai Banana Project Cultural Development Company, and then established 7 companies such as banana sports, banana video games, banana music, banana film and television culture, collectively known as "Banana Project", covering sports, film and television, music industry, video games and other fields.

In terms of achievements, Lin Yanjun, You Changjing, Fu Jing, and Qiang Dongyue in "Idol Trainee" and "Creation 101" are the artists launched by Banana Entertainment.

Spread out, IG Club is responsible for game competitions, Panda Live focuses on game live broadcasting, and Banana Project Company undertakes events, program production, artist training, etc., basically covering the entire industry chain of the e-sports industry.

However, the risk warning of Panda Live is like the first minocino that falls, implicating the entire commercial landscape.

2019 is the year that Wang Sicong got the "Lao Lai Experience Card". 

On November 9 of that year, according to the China Enforcement Information Disclosure Network, because Panda Interactive Entertainment failed to perform its payment obligations within the period specified in the enforcement notice, the actual controller Wang Sicong was issued a consumption restriction order by the court.

On November 22, at the theme press briefing of the Second Intermediate People's Court in Beijing, Wang Sicong's consumption restrictions were reported, and "Wang Sicong's real estate, vehicles, bank deposits and other properties were seized".

Wang Sicong's equity in Panda Live and "Banana" companies was frozen, but it was not limited to these. Then, Panda Live officially went bankrupt.

In the years since, Wang Sicong's decline in business has not reversed.

According to Tianyan, Wang Sicong was listed as the person subject to enforcement by the Shanghai Financial Court on January 11, 2021, and the subject of enforcement was 77014336 yuan.

Wang Sicong's collapse

On January 11, 2021, Wang Sicong was listed as an executor by the Shanghai Financial Court

In November 2021, Wang Sicong withdrew from the position of chairman of Banana Entertainment, and industrial and commercial information showed that the chairman was taken over by Ma Wenduo, and the legal representative was also changed from Xu Yixuan to Ma Wenduo. 

Then in August 2022, Wang Sicong withdrew from the director of Wanda Group for unknown reasons. Some speculate that this move means that Wang Sicong may give up "succession". 

In this year, Wang Sicong also deregistered three companies, Junyu (Huzhou) Cultural Development Center, which is wholly owned by Wang Sicong, Beijing Banana Plan Sports Culture Co., Ltd., and Shanghai Crystal Lychee Entertainment and Culture Co., Ltd., which is undergoing deregistration. 

The former business empire is becoming increasingly faint. Menacing, defeated.

03

There is no shortage of "less evil"

Of course, we all know that no matter how bad Wang Sicong is in business, he is still a young master who is not short of money.

At the beginning of the new year of 2023, the circle focusing on gossip will be exposed, and Wang Sicong's female companion has seen a newcomer. 

However, the lack of influence of Weibo accounts, coupled with the decline in business in recent years, the "out of the circle" power of Wang Sicong's scandal has been greatly reduced. 

Then there was the beating incident on the streets of Shanghai.

Wang Sicong does not lack hot searches, and there is no need to search with "social news".

Unfortunately, after all, we have seen this long-disappeared "Kuo Shao" return in this way.

It has been proven that Wang Sicong is uneasy to be only a young man. He has tapped the commercial value of his field of interest and contributed greatly to the development of the domestic esports industry. He can also see the wind of live broadcasting, enter strongly, and occupy a place.

In today's world, entrepreneurial failure is not unexpected, not to mention that he is Wang Sicong?

People should be equal to each other, but it is reasonable that the rich have more resources and will be given higher expectations. Zong Qinghou, founder of Wahaha Group, said: "Those who have become rich should bear social responsibilities. ”

After all, what the world lacks is young talents, and there is no shortage of one more "evil less".

The pictures in the article are partly from Visual China and partly from the Internet

Edit the | Jiang Jiang

Duty Editor | Sumi

Typesetting | Bai Ding Qian Wen

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