Who took over Wanda Real Estate?

Wanda Real Estate, as a leader in China's real estate industry, has been active in commercial real estate, residential real estate, cultural tourism real estate and other fields since its establishment in 1988. However, in February 2021, Wanda Group experienced a major turning point when Wang Jianlin resigned as chairman and transferred 30.21% of his shares to Shenzhen Metro Group to cope with liabilities and regulatory pressure. Huang Runqiu, an executive with extensive government and industry experience, succeeded Wang Jianlin as the new chairman.

The intervention of Shenzhen Metro Group marks a major change in the ownership structure of Wanda Real Estate. For Shenzhen Metro Group, through acquisitions, its business areas will be broadened and its strength enhanced, which will help long-term development. For Wanda Real Estate, this means that its dominant position in the commercial real estate field may be weakened, and in the future it will focus more on the transformation of residential real estate and cultural tourism real estate. Huang Runqiu's appointment shows the importance Wanda Group attaches to the future development of its real estate business. He will face the challenges of asset liability management and strategic transformation to cope with market changes and regulatory requirements.

In the new stage of development, Wanda Real Estate’s prospects require paying close attention to market dynamics, adjusting business strategies, and strengthening collaboration with the government and partners. Despite the pressure, as a large developer, Wanda Real Estate still has development potential. In the future, Wanda Real Estate will steadily promote business transformation by optimizing operations and management, and seek sustainable development during the adjustment period of the real estate industry.