Fortunately, Wang Jianlin has been in business for many years and has also made a lot of contacts in the business circle. By selling Wanda assets and transforming his business, he not only paid off 600 billion debts, but even returned to the peak with the return of the king, successfully rushed to the Hurun Rich List, and temporarily ranked ninth in the domestic rich list in 2020 with a value of 65.438+02 billion.
Some people may wonder why Wang Jianlin suddenly changed from a rich man to a "negative one". In fact, everything has to start from 20 18. In 20 17, the vacancy rates of second-tier and third-tier cities in China were 22.2% and 2 1.8% respectively. Even in first-tier cities, the vacancy rate is only better than that in second-and third-tier cities, but it is as high as 16.8%. Therefore, in 20 18, China began to intensify real estate consolidation, not only tightening policies, but also introducing a series of restrictive policies. At this point, Wanda's real estate industry is in trouble. However, Wang Jianlin had a hunch and began to invest his assets in overseas projects.
Unexpectedly, in the same year, the state began to regulate overseas financing, and Wang Jianlin was increasing his investment and layout of overseas assets, which led to great pressure on Wang Jianlin's capital chain. With the interruption of investment and the expiration of a large number of loans, Wang Jianlin had to face a difficult decision. That is to give up the previous overseas investment, sell these overseas projects, and withdraw funds for "self-help." At that time, Wang Jianlin had faded from the "aura of the richest man" and became the "first negative" laughed at by many Chinese people.
However, as the saying goes, far water can't put out a near fire. Because foreign projects are still in the layout, far from reaching the expected profit, so the final recovery of funds is limited. In front of Wang Jianlin, it is necessary to sell a large number of domestic assets in order to tide over the current difficulties. But this is a difficult decision for Wang Jianlin and Wanda, even related to Wanda's future life and death.
But in the end, Wang Jianlin decided to turn the crisis into an opportunity to bring Wanda back from the dead and use this crisis to complete the business transformation. Want to transform, it is necessary to take off Wanda's "real estate" label, so Wanda packaged and sold all the most valuable "wanda plaza" in its hands.
Immediately, Wanda either sold its shares in the domestic entertainment industry, or simply packaged and sold them together, and finally completed a huge cash-out, which also made Wang Jianlin re-enter the rich list from "the first in the country". At this time, Wang Jianlin turned his assets to five new fields and bid farewell to the status of real estate tycoon completely.
The five investment fields chosen by Wang Jianlin are Wanda Commercial, which mainly focuses on the real economy and continues to buy land to build squares, but this time it is not nationwide, but concentrated in first-tier cities. The second field is Wanda culture, in which Wanda Cinema has become one of the most dependent "cash cows".
The third area is big health, more accurately, it is to use big data, AI and other high technologies for big health management. At the same time, it also invested in building the most advanced medical care in the world. Obviously, Wang Jianlin believes that the medical industry has the same ability to absorb gold as real estate. The fourth area is network technology. The last area is finance. The former sees the business opportunities behind the rapid development of science and technology.
The latter saw the rise of China's financial industry. Undoubtedly, at this moment, Wang Jianlin finally completed the re-layout of Wanda and helped Wanda successfully transform. And he himself, once again boarded the rich list. I have to say, how can you be the richest man in China without a few brushes? Even if the debt is 600 billion, it will be paid off in just a few years.