In the past, he became the richest man, with a wealth of 215 billion, and was crowned the richest man in China three times.
Now it has gone through ups and downs, and has repaid 600 billion debts by selling assets.
This magnificent life experience is breathtaking and exciting.
Background
In the tide of the business world, countless heroes have written legends with wisdom and courage. Among them, Wang Jianlin, as a leader in commercial real estate, has seen the rise and fall of his business empire, Wanda Group, particularly eye-catching. With the changes in the market, Wanda Group once fell into a debt crisis. According to public reports, Wanda Group was burdened with hundreds of billions of debts. In the face of such a huge debt, how will Wang Jianlin respond? Do you choose to evade, or stick to your responsibilities and respond with practical actions?
Body content
In the business world, Wang Jianlin's name represents a kind of legend. With his keen business insight and extraordinary courage, he has developed Wanda Group from an obscure small business to a world-renowned commercial real estate giant. With the continuous changes in the market and the adjustment of policies, Wanda Group has also encountered unprecedented challenges.
According to state media reports, Wanda Group has been burdened with debt pressures of up to 600 billion yuan. That's a huge number for any business, let alone a large group like Wanda. In the face of such huge debt pressure, Wang Jianlin did not choose to evade or shift the responsibility to the country and the people. Instead, he chose a difficult but determined path – selling his capital to pay off his debts.
In order to pay off his debts, Wang Jianlin began a series of asset sales plans. He has sold his commercial real estate, hotels, cinemas and other assets, including his proudest Wanda Football Club. These assets are the hard work and sweat of Wanda Group over the years, but in order to pay off the debt, Wang Jianlin had to reluctantly part his love.
In this process, Wang Jianlin showed a high sense of responsibility and responsibility. He knows that as an entrepreneur, he should not only pursue success and profit, but also take responsibility for society and employees. In the process of selling assets, he always adheres to the principles of openness, transparency, fairness and reasonableness, and ensures that every transaction complies with laws, regulations and ethical standards.
Wang Jianlin also actively seeks communication and negotiation with creditors. He took the initiative to negotiate with creditors such as major banks and financial institutions to obtain longer repayment terms and lower interest rates. Through unremitting efforts and honest communication, he has succeeded in gaining the understanding and support of creditors.
After eight years of hard work, Wang Jianlin finally paid off a huge debt of 600 billion yuan. This is a remarkable achievement and a feat to be admired. In the process, he not only showed his courage and sense of responsibility, but also won the respect and recognition of the society.
Specifically, Wanda Group has achieved remarkable results in the sale of assets. According to public data, the total amount of assets sold by Wanda Group in the past eight years has reached hundreds of billions of yuan. A range of well-known projects and brands are included. For example, Wanda Group sold 13 of its cultural tourism projects to Sunac China and R&F Properties for nearly 60 billion yuan in 2017; It also sold 77 of its hotels to R&F Properties and Jin Jiang Hotel Group. These transactions not only generated significant cash flow for Wanda Group to repay its debts, but also supported the company's ability to travel lightly and focus on its core business.
In addition, Wanda Group has also demonstrated a high level of integrity and responsibility in the process of selling assets. They have always kept their promise to repay the principal and interest of their debt on time and in full. This sense of integrity and responsibility has won wide praise and respect from all walks of life.
Of course, in the process, there are also some people who question and criticize Wang Jianlin's approach. Some people think it's stupid for him to sell too many valuable assets to pay off his debts; Some believe that he should seek help from the government or banks to tide over the situation. However, we should understand the predicament and pressure that Wang Jianlin faced at that time. In that case, the choice he makes may be the one that is most in line with the situation and his own interests.
More importantly, Wang Jianlin showed his courage and spirit of responsibility through this process. He used his practical actions to tell us what true entrepreneurship is - not only to pursue success and profits, but also to assume responsibilities and obligations to society and employees; In the face of difficulties and challenges, we must have the courage to face, dare to take responsibility, do not evade, and do not shirk responsibility; While pursuing its own development, it is also necessary to pay attention to social development and people's livelihood and well-being.
Wang Jianlin's social responsibility and mission have won praise from countless netizens:
Real men and real men are worthy of being born in the military
Everything is sold, but there is no betrayal of the country, which is worthy of praise
It is better to lose yourself than to trap the country and the people
Backbone, bloody, and worthy of respect
epilogue
Eight years have witnessed Wang Jianlin's persistence and hard work. He used his actions to interpret the responsibility and responsibility of an entrepreneur. In this era of challenges and opportunities, we need more entrepreneurs like Wang Jianlin to lead us forward.
They must not only have the wisdom and courage to pursue success, but also have the responsibility and courage to take responsibility. Only in this way can we create a better future together!