How did Wang Jianlin pay off 600 billion foreign debts?

Wang Jianlin paid off his foreign debt by selling assets and cashing in stocks.

Wanda's previous expansion investment sank into the sea, and because it borrowed from the bank all the year round, the debt ratio accumulated to 70%, and the bank began to urge Wang Jianlin to pay back the money quickly. In the face of the declining market, no amount of squares and hotels can save the growing crisis. Wang Jianlin has also become the object of ridicule, and the richest man has become the "first bear".

Under the crisis, Wang Jianlin did not go all the way to the black in real estate, but reluctantly started his own "broken arm to survive." First, Wanda 13 cultural tourism projects were sold to Sunac, and 37 Wanda department stores were sold to Suning, and the stocks were cashed out, filling the biggest hole.

Wanda, which seems to be in a "clearance sale", also took this opportunity to start a new road, quit the real estate field, incarnate operation management, and take the road of neglecting assets. Compared with local enterprises such as Sunac and R&F, which are still struggling in real estate, Wanda has completely "landed".

Wanda's industrial structure has undergone significant changes.

Wanda is no longer a real estate developer, but a real estate service company. Real estate tycoons who have always had a keen sense of smell have found a new direction. For example, last year, Wang Jianlin invested in the establishment of multi-functional large-scale health industrial parks such as health, medical care and vacation, aiming at the healthy market under the aging trend. With the transformation of "light assets" in the spring breeze, Wang Jianlin also won several property markets, including Beijing Wukesong Zhongxin and Xinyuan Commercial, and also the unfinished building of Wanhong Center.

At the same time, Wanda's listing plan is also slowly advancing. All these signs are sending a signal to people that Wang Jianlin's leading Wanda out of the crisis is not the end of the story, but the beginning of another story for Wanda.