Summary of 20 17 photography road

Four years ago, Wanda, caught in a capital chain crisis, broke its arm to survive. Wang Jianlin is decisive and resolute. Wanda did not have a critical situation similar to Huaxia Happiness and Taihe, and generally "contracted smoothly". Today, 67-year-old Wang Jianlin is back.

Editor Mimi Na

Tu Tu Photography Pandeng

"The most diligent entrepreneur in China". Many years ago, Feng Lun gave Wanda Chairman Wang Jianlin such a nickname.

Wang Jianlin thinks this nickname is quite reliable. "Smarter than who? No, it is more diligent. " Wang Jianlin, born in 1954, believes in heaven, rewards hard work, and hard work will be rewarded. "No successful entrepreneur has failed, but he has been struggling."

Regarding Wang Jianlin's diligence, the network of "Wang Jianlin timetable" once became popular.

The table records in detail the specific arrangements of 62-year-old Wang Jianlin on 201kloc-0/654381October 30th, such as "getting up at 4am, exercising, having breakfast, going to the airport ...". Two countries and three cities a day, with a tight schedule and no rest and entertainment arrangements. On the way back to catch the plane, he was not idle, and he had been discussing the drawings of Haikou Wanda City project with senior executives.

In an interview many years ago, Wang Jianlin revealed that he got up at 6 o'clock on time every day and arrived at the company at 7 o'clock 10. There is basically no thunder, and the time difference is no more than 5 minutes every day. It's past eight when I come home from work at night. 1 1 Rest on time. It is worth noting that even if his daily schedule is full, he will spare an hour for exercise, even if he goes abroad.

As a result, netizens sighed with emotion, "The work and life of Wang's richest man is too boring."

However, unlike the impression of the "boring" richest man in the eyes of netizens, Wang Jianlin in the eyes of the industry is very innovative, good at planning, strong in execution and iron in style. From strategic layout to product building, Wanda Group, which he was in charge of, was branded as an "innovative" commercial real estate in China by the industry. Today, Wanda is still the well-deserved boss of the commercial real estate industry.

In 20 17, Wanda group, which reached its peak, encountered the risk of capital chain, and Wang Jianlin decisively "broke his arm to survive". There was no critical situation like Huaxia Happiness and Taihe in the whole process, and the overall "smooth contraction". Wang Jianlin's decision to face the crisis was praised. Nowadays, Wanda's re-layout of cultural tourism, real estate and other heavy assets projects is not like "taking the old road" as the outside world said, but combining light and heavy modes to seek a safe area for the survival and development of enterprises.

Although the Hurun Global Rich List in 2020 shows that Wang Jianlin is worth11900 million yuan. However, after losing the throne of "the richest man" on 20 17, he was obviously more low-key and calm.

After nearly five years, Wanda Commercial's A-share IPO road came to an end this year. The statement of "listing at home and abroad as soon as possible" means that Wanda Commercial is about to start a new journey in the capital market.

Listing in Hong Kong has become an industry consensus. On the one hand, "light assets" and "property management" are important outlets for Hong Kong stocks, and Hong Kong stocks have become a blessed place for most domestic property companies to go public. More importantly, from 20 15, Wanda Commercial has become a pure business management and operation enterprise.

Few people can understand Wang Jianlin's business logic. For example, at the end of 20 14, Wanda finally successfully listed in Hong Kong. However, only 15 months later, Wanda Commercial announced its privatization and delisting. Why? In a public video program on 20 16, Wang Jianlin responded that there are two core reasons:

"First, we feel that the value is seriously underestimated. Wanda Commercial is different from ordinary real estate companies, and the low valuation makes us unbearable; Second, this privatization has created a new model. My own shares in the company account for 60%, and the group+individual has exceeded the absolute majority. After privatization, the proportion of individuals in the company is too high, which is not in line with our consistent strategy in the future. "

Earlier, a retired Wanda Group-level core executive told China Entrepreneur that although Wang Jianlin is now selling assets, he still owns many assets in the core areas of first-and second-tier cities. In his view, Wanda's problems are largely due to the extreme use of leverage, so that there is not much room for coping after the rapid changes in the financing environment and policy environment.

The above-mentioned executives said with emotion, "If you don't delist from Hong Kong, the richest man will still be the richest man."

At least before 20 17, the richest man in the eyes of the outside world has always been frivolous and rarely revealed difficulties. Earlier, in an interview with Lu Yu You Yue, when talking about advice to young people, Wang Jianlin mentioned a "small goal": "Make it 100 million first". Behind the relaxed words, he also experienced hardships. Up to now, Wanda has undergone four major transformations.

1993, Wanda, which was established five years ago, began its first transformation. Wanda has grown from a residential development brand in Dalian to a national brand, and the scale of the company has also expanded from several billion to ten billion yuan. The second transformation began in 2000, when two employees were seriously ill, and phototherapy cost more than one million each. This made Wang Jianlin begin to think about the proposition of how the enterprise can develop steadily and continuously, which contributed to Wanda's turning to real estate.

At that time, there was almost no solution to the transformation of commercial real estate, and there was not much experience in China to learn from. After five years of hard experiments, the "urban complex" promoted by Wang Jianlin redefines the commercial real estate model of China. At that time, "wanda plaza was the city center". Coinciding with the wave of urbanization, he became the most popular "guest" of local government.

In 20 13, Wang Jianlin appeared on the cover of American Fortune magazine. In an article entitled "Deciphering One of China's Rich", he recalled that the last time he was particularly excited was Wanda's transformation from residential real estate to commercial real estate. Now Wanda is facing another transformation, but on a larger scale. Wang Jianlin said: "This is a transformation from commercial real estate to cultural tourism industry." The direction of transformation is the entertainment and cultural industry led by companies such as Disney and News Corporation.

In 20 15, Wanda began its fourth transformation. Wang Jianlin hopes that by 2020, Wanda will form four major sectors: business, cultural tourism, finance and e-commerce, transform into a multinational enterprise, and export cultural brands at the same time. As his business goes overseas, he is ambitious. "My goal is to change China people's right to speak in some aspects of the world."

But by 20 17, Wanda's strategy was changed to "deleveraging" of the whole group. The background is that the China Banking Regulatory Commission investigated the loans of domestic groups or enterprises with large-scale overseas investment, and at the same time, the guiding opinions on restricting overseas investment such as real estate, hotels and entertainment were "sacrificed" one after another, and Wanda suffered a "double blow". In order to prevent the capital chain from breaking, Wang Jianlin decided to sell his assets substantially.

Most notably, since the beginning of this year, through the "century transaction" with Sunac China and R&F Group, Wanda has not only directly reduced its debt by 44 billion yuan, but also realized a cash return of 67 billion yuan. At the Wanda Annual Meeting in early 20 19, Wang Jianlin once said: Wanda's interest-bearing debt ratio will drop to "absolutely safe" level within two years.

However, by 2020, the "black swan" incident was staged again, and the epidemic caused a heavy blow to physical commerce.

At the end of September, 2020, Wanda Commercial Management Group revealed that starting from 20021,Wanda Commercial Management will no longer develop "assets", that is, it will no longer invest in holding new properties in wanda plaza and fully implement the strategy of "light assets". Xiao Guangrui, president of Wanda Commercial Management Group, said that this was a decision made by the board of directors of Wanda Commercial Management Group.

"The core reason why Wanda can develop to this day is that we dare to innovate, that is, dare to be the first, think what others dare not think, and do what others dare not do. Someone asked me' What advice do you have for entrepreneurs', and I told him that the biggest advice is to dare to start a business. " Wang Jianlin also said that there are two very important points in doing business. First, it is not afraid of failure, and it can keep making progress.

"Doing business is a bit similar to doing scientific research, and the chances of failure are generally much greater than the chances of success. If everyone can succeed, there will be no entrepreneurs, let alone big entrepreneurs. If you want to be a successful enterprise, the most important thing is your attitude towards failure. If you are afraid of failure and loss, you will never succeed. " Wang Jianlin said.

More than ten years ago, Wang Jianlin went to see Longquan Peach Blossom Festival. On the way to get on the bus, he heard the sound of mahjong outside, which lasted for five or six kilometers. Later, I learned that 300 thousand sets of mahjong were "started" that day. This made him very shocked, but he was also deeply vigilant.

At the 3rd Tianfu Forum in June, 2065438+09, as a Sichuanese and honorary president of Sichuan Chamber of Commerce, Wang Jianlin shared his experience and warned entrepreneurs in Sichuan to "be more diligent and less mahjong".

On June 5438+ 10, 2020, at the fourth Tianfu Forum, Wang Jianlin said that the economic situation in the new era has undergone great changes. In the past, there were fewer and fewer opportunities to catch up with the wind and make big money, and the competition in various industries became fierce. "Except for a few enterprises, the vast majority of China enterprises as a whole have entered the era of making hard money and slow money."

Wang Jianlin bluntly said that technology and innovation are very important in developing enterprises in the new era, and innovative management mode is the top priority. "It is king to make great efforts to grasp the cost and cash flow and ensure that the enterprise will live and live for a long time."

Wang Jianlin also emphasized entrepreneurship. "Entrepreneurs are the soul of an enterprise. In the final analysis, enterprise competition depends on entrepreneurs, and entrepreneurs rely on entrepreneurship. I understand that the most important thing in starting a business is innovation, diligence and persistence. In the current situation of increasing difficulties and challenges, it is even more necessary to emphasize this entrepreneurial spirit. "

"What is entrepreneurship? Romain rolland has a saying: The noblest man is not born or died for himself. I think this is entrepreneurship. " As early as 20 10, when talking about the connotation of entrepreneurship, Wang Jianlin said that there are three key words: creativity, persistence and responsibility.

Four years ago, Wanda, which was deeply mired in the capital chain crisis, began the road of "broken arm to survive". "This is an unforgettable year in the history of Wanda Group. Wanda has experienced wind and rain and suffered. " Wang Jianlin said that since then, he has stopped singing at the Wanda Annual Meeting and giving lectures at foreign universities. The quotation of "make it 100 million first" has also disappeared in the foreign discourse system, and there is little news of Wang Jianlin's appearance in the media.

In the past year, behind the "selling and selling" of multi-business sectors, it means that Wanda's road to transformation has once again experienced pain. The total assets and performance of hundreds of billions can still prove Wanda's strong capital strength and anti-risk endurance. As Wang Jianlin said eight years ago, after the transformation and climbing of commercial real estate, "people are not gods, but all advance in the process of exploration."

In the process of Wanda's survival, there was no critical situation like Huaxia Happiness and Taihe. Generally speaking, it is a "smooth contraction", taking retreat as progress. Nowadays, the relocation of cultural tourism, real estate and other heavy assets projects is not like "taking the old road", but a combination of light and heavy, seeking a safe area for the survival and development of enterprises.

Since the New Year, Wang Jianlin has once again returned to the public eye. On the morning of February 25th, at the national summary and commendation meeting on poverty alleviation, Wang Jianlin appeared, and Wanda Group won the honorary title of "National Advanced Collective for Poverty Alleviation". 20 18, Wanda helps the poor in Guizhou mountainous areas and builds a model project of rural cultural tourism in China, "Danzhai Wanda Town".

In the 20 18 semi-annual ranking of the influence of characteristic towns in China, Danzhai has sprung up, ranking second, second only to Wuzhen, which is a "pure tourist origin". Today, Danzhai Tourism Town has received more than 65.438+0.9 million tourists since its opening three years ago, driving the county's tourism income to 654.38+0.2 billion yuan. Danzhai County has achieved poverty alleviation and hat removal two years ahead of schedule.

In the past two months, Wang Jianlin has started a close meeting schedule with local government officials and leading enterprises. The public news of his latest appearance was on April 29th, when official website of Wanda Group showed that Wanda Group, Maotai Group and renhuai city Municipal Government of Guizhou Province jointly signed an investment cooperation agreement to invest in the construction of a large-scale urban commercial complex project in the southern new district of renhuai city. The project is scheduled to be completed and opened by the end of 2022.

Wang Jianlin, 67, is back.