Traditional Culture Encyclopedia - Hotel reservation - The boss is back! How did Wang Jianlin pay off 600 billion in 3 years?

The boss is back! How did Wang Jianlin pay off 600 billion in 3 years?

Wang Jianlin is really a legend in the eyes of many people. When the boss returned, he paid off all 600 billion in just three years. Such a large sum is really shocking. Shockingly, in fact, since the outbreak of the epidemic, many industries have been hit hard, even the real estate industry. At that time, Wang Jianlin was facing huge debts. He could only package and sell his hotel assets to Sunac China and R&F Real Estate , he also started his own sales model.

In fact, Wanda has also been affected a lot by the epidemic, because they have over-expanded these real estate properties, which has led to some debt reasons. For example, Wanda has more than 1,000 cinemas, and Wanda Plaza has more than 1,000 cinemas. Several hundred, including some five-star hotels, but this rapid expansion method also caused him to suffer sequelae. When faced with these debts, he chose to buy and sell to repay.

When the bank had already called Wanda for payment, Wang Jianlin had no cash at all. After all, there were still many projects that had not been completed. He could only transfer the equity of some cultural and tourism projects that he had high hopes for in one go. The hotel assets were all packaged and sold. This operation also allowed him to make his first transaction, but it was still far from the current 600 billion, so he did not stop his own sales model and sold his own Those assets were used to pay off, and finally some real estate projects in Chicago, USA, were sold by him, and finally the debts were slowly paid off. It can be said that he used this model of selling off properties to carry out debt operations. It's said to be a model that draws fuel from under the cauldron.

Everyone was laughing at his approach because he lost his position as the richest man, but he felt that it was Wanda Company that was in debt, not him personally. After all, once these houses were completed, they would slowly Slow companies will have income, and it is natural to pay back debts. Although his method of removing salary from the bottom of the cauldron is a bit bold, he also used this method to stand up again, which also proved that his operation was correct. .