How did Wang Jianlin save himself?

Wang Jianlin went through a difficult time. In order to survive, he decisively sold assets, selling Wanda Hotel and Wanda Culture and Tourism to R&F and Sunac, and received the money back.

At the same time, Wang Jianlin also sold overseas assets one after another and deeply reflected on his previous business model. He realized that if he could not survive, the entire Wanda Group would fall into quagmire. Although Wanda has encountered difficulties in going public in recent years, its overall transformation direction has become clearer, and its commercial real estate has significantly reduced its size. Compared with other developers, Wanda is still in a relatively favorable position.

Wang Jianlin demonstrated his decisive self-rescue ability in the face of crisis. Faced with huge debt pressure, he resolutely sold some assets and solved part of the debt problem. Although this led to the shrinkage of his wealth, it effectively resolved the debt crisis and preserved the development of Wanda Group.

Wang Jianlin’s experience gives people inspiration:

First of all, pursuing scale expansion and high-leverage operation is not a sustainable business strategy. Excessive debt ratio can easily lead to the outbreak of crisis. . Companies should fully consider the balance of risks and returns in the development process to avoid falling into debt difficulties.

Secondly, when facing a crisis, it is very important to save yourself decisively and think clearly. Taking timely action to reduce risk exposure and adjust business strategies is an effective way to resolve the crisis. We should not just limit ourselves to short-term responses, but should consider the long-term perspective and make strategic adjustments for the company's sustainable development.

Finally, honesty and responsibility for problems are the basic qualities that entrepreneurs should possess. Difficulties cannot be solved by prevaricating or avoiding them. Instead, we should face the problems bravely and take appropriate actions to solve them.