No company is well-funded in the early stage of development, so how did the huge Wanda Empire achieve rapid development in the early stage?

In Phoenix, the host of the financial program helped everyone raise this question.

According to Wang Jianlin, Wanda has completed 5 million square meters every year and opened more than 20 squares and more than a dozen hotels. This figure has to be admired. So where did Wanda get so much money?

Next, Wang Jianlin answered for us: Wanda only needs to invest 20% of the funds to build a square, which is mainly used to buy land. After buying land, it can get a bank loan. The sum of the two accounts for only 50% of the total investment, but the money is enough to build the real estate to the point where it can be sold, and at least 50% of the remaining money comes from pre-sale.

If the overall cost is several hundred million, then you can mortgage the property.

The development of Wanda is generally a set of models, so Wanda is getting bigger and bigger. I have to say that it is still the people of our country. Without the support of pre-sale, Wanda could not develop at all.

Wang Jianlin also said: If Wanda Property has a project of 200,000 square meters and the cost is 1 100 million yuan, the net profit I am developing now is 700 million yuan, which is still 300 million yuan short. At this time, Wanda Property can operate mortgage loans, which will gain considerable financial strength. Why is Wanda developing so fast? First of all, we created an independent business model, combining real estate with real estate development. Second, Wanda has a huge amount of real estate on its account every year, and some loans can be mortgaged, thus obtaining greater cash flow. The more properties built, the stronger Wanda's mortgage ability. Combining these two reasons, Wanda will develop at an amazing speed!