In China's business world, Mr. Wang's name was once synonymous with success. However, in recent years, this powerful business giant has suffered many twists and turns. Since 2017, with the tightening of the country's real estate control policy, Wang Jianlin and his Wanda Group have begun to face unprecedented challenges. In order to alleviate the financial pressure, he had to reluctantly cut his love and sell his high-quality assets one after another, even his beloved Wanda Movies were not spared. Just when people thought that Wang Jianlin would collapse, he turned the clouds and rain again in the business sea with amazing resilience.
Sell assets and survive with broken arms
Back in 2017, the Chinese government introduced a series of regulatory policies in order to control the overheating of the real estate market. This "cold winter" is undoubtedly a heavy blow to Wanda Group, which is highly dependent on the real estate business. In order to keep the company running and pay off huge debts, Wang Jianlin began to sell assets on a large scale, from hotels to cultural tourism projects, from domestic to overseas, his business territory has been shrinking.
Gambling on the market, a battle against the water
In the blink of an eye, in 2021, Wang Jianlin signed a VAM agreement of up to 38 billion yuan with 22 investment institutions in order to successfully list Wanda Commercial Management. This agreement is like a double-edged sword, which not only gives Wang Jianlin the impetus to promote the listing of Wanda Commercial Management, but also puts him under heavy pressure. If he fails to complete the listing of the Hong Kong stock market by the end of 2023, he will face a huge expenditure to repurchase shares at a yield of 8%, which is undoubtedly worse for the already stretched Wanda Group.
Old friends help each other through difficult times
When Wang Jianlin needed help the most, his old friend and founder of Country Garden, Yang Guoqiang, reached out. Country Garden participated in the 38 billion investment in Wanda Commercial Management, which was like manna for Wang Jianlin, which not only relieved his financial pressure, but also bought him valuable time to promote the listing process of Wanda Commercial Management.
Repay the favor and move forward hand in hand
Wang Jianlin knows the truth that the grace of a drop of water should be reciprocated by a spring. After successfully resolving the 38 billion gambling crisis, he acted quickly and repaid Yang Guoqiang's help with practical actions. At the end of 2023, he bought the equity of Zhuhai Wanda Commercial Management held by Country Garden, allowing Country Garden to return funds and reduce future risks. This move not only reflects Wang Jianlin's righteousness and magnanimity, but also highlights his responsibility and pattern as an entrepreneur.
There is a long road ahead, and challenges and opportunities coexist
Although Wang Jianlin has temporarily lifted the VAM crisis, Wanda's future is still full of challenges. The road to IPO is fraught with difficulties, and business transformation is imminent. However, the former richest man has not given up, and he is still trying to find new opportunities, hoping to lead Wanda out of the predicament and return to its former glory. Can Wang's business empire regain its strength? This question tugs at the heartstrings of countless people. But no matter what the outcome, Wang Jianlin has used his tenacity and wisdom to prove to the world that warriors who rise and fall in the business sea will never be easily defeated.
To sum up, Wang Jianlin's story is not only the ups and downs of a business legend, but also a vivid teaching material about courage, wisdom and gratitude. He used practical actions to interpret the philosophy of "mountains and rivers have no way out, and the willows and flowers are bright and another village". In the future, we look forward to Wang Jianlin continuing to write his business legend, and we believe that he can lead Wanda Group out of difficulties and create new glories.
Epilogue:
Dear readers, does Wang Jianlin's story inspire and think for you? In the tide of business, everyone may encounter challenges and storms, and the key lies in whether we have the courage and wisdom to face and overcome. If you like stories like this, or have a strong interest in the business world, you may wish to follow our account and let's explore more stories behind the business together. Remember, behind every success, there is an unknown journey. See you next time!
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