Wang Jianlin announced that Wanda bid farewell to the real estate sector completely. What are the reasons behind this?

For Wanda, real estate can be said to be the starting point. At the beginning, Wanda made a fortune by real estate, and then it grew bigger and bigger. Until today's Wanda Group. Now Wanda sells all real estate directly, which is an explosive change.

However, Wanda's direct transformation to light assets can still be traced. A few months ago, Wanda began to sell wanda plaza, among which wanda plaza, such as wanda plaza in Yancheng, Jiangsu Province and wanda plaza in Xihu, Nanchang, Jiangxi Province, was the first to change hands. That's because we just thought that Wanda's simple possible capital chain was a little broken, and we hoped to form a connection by selling the square. It seems that this is just a test of Wanda.

today, Wanda commercial has signed transfer agreements with sunac China and r&f properties respectively, and Wanda has transferred all the equity of 77 city hotels and 91% equity of 13 cultural tourism projects to r&f and sunac respectively at a price of more than 6 billion yuan. It has achieved a qualitative change, which means that Wanda has completely bid farewell to real estate. It seems that Wanda wants to get rid of real estate completely. As for Wang Jianlin, "As long as there is Wanda, Disney will not be profitable within ten to twenty years." Such rhetoric has become a joke.

according to the development announcement of Wanda Hotel, Wanda Hotel tentatively plans to acquire the entire equity of Wanda Cultural Tourism Creative Group Co., Ltd. (Wanda Wenlv) for 6.3 billion yuan. It seems that Wanda will focus on the design, construction and operation management of tourist theme parks.

The official WeChat of Wanda Group, headed by Wang Jianlin, announced today that Wanda bid farewell to real estate completely! Wang Jianlin, 64 years old, has come this far, and he may not have thought of it before. Because as early as 216, Wang Jianlin became the richest man in China. According to the data, before August 217, Wang Jianlin's wealth exceeded 35 billion US dollars, and Wanda's total assets exceeded 8 billion yuan.

But the good times didn't last long. In the second half of 217, the situation turned sharply. It turned out that Wang Jianlin's Malaysia Metro project, which he was determined to win, was out of power. Because the state strengthened supervision over overseas financing, Wang Jianlin had to sell the tourism and film projects that had previously invested heavily overseas at low prices, which caused serious losses on the books.

Later, Wang Jianlin publicly stated that Wanda's current debt was 4 billion yuan, and for a time, Wang Jianlin changed from the former richest man to the first one. In order to repay the investment losses, Wang Jianlin embarked on the road of selling heavy assets under his name. In July 217, Wanda Group transferred 91% of the rights and interests of the 13 Wanda City projects mentioned above to Sunac China, which is controlled by Sun Hongbin, at a price of 43.844 billion yuan.