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Recently, Wang Jianlin, the founder of Wanda Group, announced that he would withdraw from Wanda Group and transfer all his Wanda shares to China Ruyi Group.
This astonishing news sent shockwaves through the business world, and as a leading figure in China's real estate industry, Wang Jianlin's decision is undoubtedly legendary.
Wang Jianlin founded Wanda 27 years ago, building it into one of the most successful real estate companies in China. He spared no expense in acquiring high-quality assets around the world, and also successfully transformed into cultural tourism, e-commerce and other businesses.
At the peak of Wanda Group's development, Wang Jianlin chose to retire and hand over his life's work to a relatively low-key Chinese Confucian. The move came as a surprise to everyone and made the outside world full of speculation about the future of China's Ruyi and Wanda Group.
Wang Jianlin's retirement is a strategy or a legend
Mr. Wang's decision to retire at a time when Wanda was thriving was both unexpected and puzzling. As the founder and de facto controller of Wanda, he played a key leadership role in Wanda's development.
So, when Wanda Group's domestic and foreign business territory continues to expand, why did Wang Jianlin choose to retire?
This decision may be the result of Wang Jianlin's thoughtfulness. While Wanda is developing rapidly, it is also facing the pressure of transformation. Starting from real estate, Wanda has rapidly expanded its business in cultural tourism and entertainment in recent years.
This requires an innovative transformation of the way companies organize and manage. Wang Jianlin's retirement is conducive to the introduction of a new management model.
Wang Jianlin also faces personal experience limitations. He has been in business for more than 30 years, and although he is still full of energy, he also needs to think about life planning. For him, retirement is another peak of self-worth.
Through this retirement, Wang Jianlin has completed the transformation from a successful entrepreneur to an entrepreneur and achieved self-transcendence.
This is also a step for Wang Jianlin to lay out Wanda's development strategy. Through retirement, he will devote more to public welfare and cultural undertakings, which is also needed for Wanda's transformation. His retirement is a strategy, not an exit, and is a preparation for Wanda's long-term development.
So, while the outside world was surprised by Wang's decision to retire, it also fully demonstrated Wang's vision.
This is not only a full plan for one's own life, but also the need for Wanda's transformation and development. Wang Jianlin's retirement is both legendary and strategic, opening a new stage of development for him and Wanda.
China's Confucianism takes over Wanda, and the prospect is thought-provoking
Wang Jianlin chose to transfer all of Wanda's shares to China Ruyi, a decision that also surprised the industry. China Confucianism has so far been relatively low-key, and its business scope mainly includes education, medical care, tourism, etc. Whether it can take on a huge business empire like Wanda has been questioned by the outside world.
In fact, Wang Jianlin's choice of Chinese Confucianism reflects his thinking on the direction of enterprise development. In his view, Chinese Confucianism emphasizes Confucian cultural values, which is the direction of Wanda's development in the future.
China Ruyi has successively acquired high-quality assets such as Wuyi University and Peking University Medical. Through education and medical care, it is promoting traditional Chinese culture. This is consistent with Wanda's future engagement in the cultural industry. Wang Jianlin took a fancy to the concept and strength of Chinese Confucianism and inheritance of Chinese culture.
In addition, the scope of investment in China is gradually expanding. This year, it has set up a huge cultural industry investment fund. This shows that its strength has been improved and it is capable of taking over a behemoth like Wanda.
Of course, China's Confucian management of Wanda also faces many challenges. It takes time for a listed company's governance structure and cultural integration with Wanda. But it is also an opportunity for China's Confucianism to grow and complete its own leap by learning from Wanda's successful experience.
Wang Jianlin retired, and Wanda opened a new chapter
After Wang Jianlin transferred Wanda's equity to China Ruyi, he will officially withdraw from Wanda's operation and management. This marks a new stage in Wanda's development and will also bring new changes to the company.
Wang Jianlin's son, Wang Sicong, will no longer hold senior management positions after the equity transfer. In their place are more and more professional managers. They will inherit Wanda's culture while injecting new thinking and new methods into the company.
As a listed company, Wanda's corporate governance needs to be improved in accordance with modern corporate standards. This contributes to the coordinated development of various business segments and makes Wanda's management more scientific.
The takeover of China Ruyi will promote Wanda's future development of the cultural industry. The inheritance of Chinese culture will become the core content of Wanda's development. This is also in line with Wang Jianlin's vision of "letting the world understand China and let the people of Chinese enjoy culture".
Wang Jianlin's retirement is a repositioning of Wanda's development stage. Under the guidance of China's Confucianism, Wanda will transform and upgrade and give full play to the power of cultural enterprises. We look forward to the new Wanda being able to carry forward Chinese culture, create more social benefits, and continue to write legends."
Wang Jianlin retired, showing vision and openness
At present, China is in a critical period of transformation from high-speed growth to high-quality development. Enterprises also need to make strategic adjustments to achieve self-transcendence. Wang Jianlin's retirement reflects the common thinking of Chinese entrepreneurs.
Any enterprise has its life cycle, and when it reaches a certain stage of development, strategic transformation is an inevitable choice. Wang Jianlin wisely chose to retire at the peak of Wanda, which is a deep understanding of the law of enterprise development.
It is difficult for traditional entrepreneurs to let go of their life's work, but Wang Jianlin handed over Wanda to a foreign company. This shows that he has an open mind and also sees the potential for the development of Confucianism in China.
Wang Jianlin believes that Chinese culture itself contains the power to promote the development of enterprises. This kind of cultural self-confidence has also inspired more Chinese companies to go global with the power of culture.
At present, China's economic transformation needs more entrepreneurs with vision and wisdom. Mr. Wang's retirement will become a benchmark for China's business community. We hope that more entrepreneurs will follow Wang Jianlin's example, make strategic choices at key points of enterprise development, and promote the high-quality development of China's economy with wisdom and open-mindedness.