Wang Sicong
Weibo "invisible" for three months, is it necessary to return to
Wanda, to work?
After April 30th, the active "Entertainment Circle
Commission" Wang Sicong has never updated Weibo.
But the company owned by Wang Sicong has repeatedly boarded
the mass media.
After the one-handed panda live broadcast was infinite, it
closed in March this year. In July, over 70 million shares in the two companies
were frozen.
A recent public appearance was only at the Shanghai Film
Festival in June, which publicized the "Banana New Director's Digging
Plan". He said that he did not think about making movies with the
industry, and he only wanted some money to help the Chinese film market.
Compared with the past, the gesture is humble.
In the same three months, Wang Jianlin and Wanda continued
to move.
Ten years ago, 21-year-old Wang Sicong learned to return to
China and started his business with the money given by his father Wang Jianlin.
Wang Jianlin once said publicly that he was allowed to fail twice, and the
the third time he failed, he would return to Wanda to go to work.
01 Panda
live broadcast closed, 70 million equity freeze
On the evening of July 17, Beijing time, the game live
broadcast platform betta was listed in the United States. 14 months ago, Huya
was listed on the New York Stock Exchange and became the first live broadcast
platform in China.
The industry generally believes that with the listing of
betta, the domestic game live platform has entered the era of the giants of
fighting fish and tiger teeth. I used to have Wang Sicong on this track.
In July 2015, Wang Sicong founded Panda Live, which is
affiliated to Shanghai Panda Mutual Entertainment Culture Co., Ltd. On
September 5 of the same year, Wang Sicong announced on Weibo that the “Panda
TV” game live broadcast platform will be launched. He will be the CEO of Panda
TV, a live video platform. Subsequently, Lin Junjie, Chen He, Lu Han, Lin Xin
and others in the entertainment circle, as well as e-sports anchors Zhou, PDD,
and Ruofeng successively entered the platform. It is rumored that to dig the
anchor, the panda live broadcast nearly 100 million yuan.
Chen Zhong, CEO of Dragon Ball Live, said in an interview:
"In 2015, Wang Sicong and others suddenly took capital into the market.
They suddenly made the industry very chaotic, and they did not count on the
cost to compete for the anchor. The anchor salary rose sharply, and many
platforms did not support it. Going down and finally closing down."
Thanks to the blessing of capital, Panda Live broadcasted in
the "Thousands of Broadcasting Wars" to achieve a daily income of
several million and tens of millions of monthly revenue.
But the crazy burning of money never lasted, the panda live
only survived 1286 days.
On March 30 this year, Panda Live announced an announcement
on its official website, announcing the closure. In the previous month, there
was a rumor that "the panda was bankrupt." The internal letter of the
Panda Live Founding team member and chief operating officer COO Zhang Juyuan
was also exposed. The letter said: After the final financing news in May 2017,
there was no external capital injection for 22 months. The management has been
trying for the past two years and has tried very hard to find at least 5
potential investors and various options. Unfortunately, the gap has not been
solved.
As an important territory for Wang Sicong to build an e-sports
kingdom, the collapse of Panda Live has also caused the outside world to worry
a little about his e-sports kingdom.
On August 2, 2011, Wang Sicong knocked out eight words on
Weibo “strongly entering integrated e-sports” and entered the e-sports industry
with high-profile.
His actions are indeed strong: first, the acquisition of the
CCM team of the domestic first-line clubs that were on the verge of disbanding,
and the four members of the LGD team to build the big club. On November 3,
2018, the iG team won the League of Legends S8 and created the highlight of
China's e-sports.
Later, Wang Sicong issued a message on Weibo, indicating
that there will be four wave sweepstakes, and the number of comments and
forwardings has exceeded one million. However, after the 2019 LPL Spring
Championship in won, Wang Sicong was uncharacteristic. He did not publish any
comments on e-sports on Weibo. He only released the lottery stickers on April
24 and pumped 100 sets of iG champion skins. The recent Weibo of Wang Sicong is
the lottery information of this lottery Weibo.
Although Wang Sicong no longer speaks, the outside world has
always kept a close eye on it. In mid-July, there was a self-reported saying
that Wang Sicong would withdraw the big club.
The source of this statement is that Tianyue has shown that
on July 15, the banana entertainment operation main body Shanghai Banana Project
Entertainment Culture Co., Ltd. (hereinafter referred to as “banana
entertainment”) added judicial assistance information and the executed person
was Wang Sicong, freezing the amount of equity. It is 2.7 million yuan. And one
of the company's business scope is the e-sports industry.
On the same day, Shanghai Banana Project Culture Development
Co., Ltd. also added new shares freeze warning information. The enforced person
was also Wang Sicong. The frozen share amount was 68.5 million yuan, and the freeze
period was 1095 days until July 14, 2022.
Wang Sicong’s total of 71.2 million shares in the two
companies were frozen, but the public information did not show the reason for
the freezing.
02 Wang
Jianlin frequently met with local officials and continued to invest.
In the more than three months when Wang Sicong did not send
Weibo, his father, 65-year-old Wang Jianlin, frequently appeared to attend the
the event and Wanda Group also continued to move.
Last time, Wang Sicong disappeared in his favorite Weibo
public opinion field in the summer of 2017.
At that time, Wanda was experiencing the "outside
investment" crisis, and the China Banking Regulatory Commission imposed a
ban on it, requiring banks to conduct risk investigations on Wanda's overseas
investment. The People’s Daily named it and criticized it. The National
Financial Work Conference was held. "In an extraordinary period, capital
should stand up to the team, listen to the command, and add less chaos."
Wanda is fully braking on overseas projects.
On the 8th floor, the official website of Wanda Group found
that since April 2019, Wang Jianlin has frequently met with local government
leaders, including several provincial party committee secretaries and
governors, as well as trips to study companies or projects.
Compared with the previous two years to reduce debt and sell
its industry, Wanda in 2019 opened the "investment" model. On the 8th
floor, it was found that Wanda signed an investment strategic cooperation
agreement of more than 255 billion yuan from April to June.
On April 14, Wang Jianlin said at the Investment Promotion
and Business Conference of Gansu Province that in the next three years, Wanda
will invest in a large-scale cultural tourism project in Gansu, five Wanda
Plazas, three five-star hotels, and an investment of about 450. 100 million
yuan.
On May 9, Wanda signed a comprehensive strategic cooperation
agreement with the Chaozhou Municipal Government, which will invest five
projects in Chaozhou, including a large-scale cultural tourism project with an
investment of 20 billion yuan.
On May 15, Wanda and Shenyang Municipal Government signed a
strategic cooperation agreement and invested 80 billion yuan to build cultural
tourism projects, international hospitals, international schools, and five
Wanda Plazas.
On June 25, Wanda Group and the Sichuan Provincial
The government renewed its strategic cooperation agreement. Based on the investment
of 160 billion yuan, they will invest another 110 billion yuan to build 3
cultural tourism projects, top international hospitals, international sports
competitions, and 20 new Wanda Plazas...
It is not difficult to find that these investments are
mostly Wanda's large-scale cultural tourism projects, including Wanda Plaza,
theme parks and sports events.
In addition to frequent investment in investment, Wanda
Sports completed the listing, it is also the heart of Wang Jianlin. The essence
of the sports industry is also the field of pan-entertainment that Wang Sicong
has always been familiar with.
At the Caixin Summit in 2016, Wang Jianlin talked about the
goal of Wanda Sports. "In 2020, our net profit should be at least ten
digits, or a few ten digits, which will eventually make Wanda Sports listed on
the capital market. The capital market is dedicated to an outstanding, unique
company with unique, high value and sustainable earnings prospects."
On July 26, 2019, Wanda Sports landed on Nasdaq at an issue
price of $8, but closed at $5.16 on the same day, failing to escape the fate of
breaking. And after the listing, the company fell for six consecutive trading
days, and on August 7, it closed at $3.99. According to the issue price, the
market value of Wanda Sports is about 1.128 billion US dollars, and after one
week, the market value is only 562 million US dollars, and the loss is 3.9
billion yuan.
Wanda Sports, which has completed its listing target, wants
to achieve a “net profit of at least ten digits” by 2020, which is currently
very difficult.
03 allowed
to fail twice to take over or continue to start a business?
On the microblog of Wang Sicong's real-name certification,
his identity is “Board Capital Chairman of the Board of Directors of Wanda
Capital”.
Post Capital
is the starting point of Wang Sicong's career.
In 2009, Wang Sicong completed his studies at the Philosophy
Department of University College London. Also in this year, Wang Jianlin
publicly stated that Wang Sicong was unwilling to get involved in Wanda
management.
In the following years, the media reported that Wang Jianlin
gave Wang Sicong 500 million yuan to let him practice. Wang Sicong took the
money to set up a private equity firm, Pusi Investment.
Until an event in 2016, Wang Sicong denied that "Wang
Jianlin gave 500 million yuan at a time", "all of them are 5 million,
10 million."
Whether it is a one-time 500 million or a 5 million, Wang
Jianlin’s investment in Wang Sicong seems to be quite rewarding.
Post Capital mainly invests in pre-IPO. The 8th floor of the
IT Orange official website found that Pusi Capital has completed 82 investments
so far, covering corporate services, sports, education, games, entertainment
media, and other fields. Among them, there are 34 projects with a single
project investment exceeding 10 million yuan, and 7 with a total investment of
over 100 million yuan.
However, in so many investments, the investment in LeTV
Sports is regarded as the most failed investment by Wang Sicong.
In May 2015, when LeTV Sports first-round financing, Wanda
invested 200 million yuan as an exclusive investor in the A round. As a
follow-up party, Wang Sicong's Pusi Capital participated in the A+ round of
financing with about 120 million yuan. At that time, LeTV Sports was valued at
2.8 billion yuan and Pusi Capital increased its holdings. By December 2015,
the shareholding ratio was up to 11%.
In March 2016, LeTV Sports completed the B round of
financing. At this time, Wang Sicong began to reduce the sales of LeTV sports
stocks, leaving 4% of the shares by the end of 2016. But then LeTV Sports fell
into a capital chain crisis. On November 9, 2018, Purs Capital and two other
investment companies jointly applied for 240 million yuan in the arbitration to
the original shareholders of LeTV Sports.
Also, many projects invested by Purs Capital have been
listed, and the investment has exceeded RMB 3 billion. In the "Top 50 List
of China's Top Investors" in 2017, Wang Sicong was ranked 37th in the
finals, and he was under 30 years of this year. In 2018, Hurun’s post-80s
The wealth inheritance list shows that Wang Sicong’s assets have reached 5 billion,
ranking 16th.
However, no matter how the investment company develops
steadily, the public opinion on Wang Sicong has always been unable to
circumvent the word "success".
In an interview with CCTV in 2015, Wang Jianlin publicly
commented that Wang Sicong was "very smart", and for his succession,
"I can't help you twice, you can fail twice, but you can't fail for the
the third time, fail for the third time." You come back to work, go to work
honestly, and go to work at Wanda."
Wang Si Cong talked about this issue when he participated in
the show "Small Onion Show" in 2016. He thinks that I also think he
can work for many years, so we have never had a deep discussion on the issue of
succession. It’s just that when I was eating, he asked, I said no, no. No more
discussion.”
"So I didn't say that I refused to take over the Wanda.
He didn't formally ask me this question. I didn't formally answer this
question. If it needs to be formal, I need to think more, instead of just
ending this topic casually. I just think that I am currently hoping to do
something I like. I want to do more things I like when I am younger and pursue
some dreams."
Just a few days ago, the media "Tech Planet"
released a report about another company's second-generation Zhang Kangyang,
titled "Wang Sicong's reverse life: Suning "successor" Zhang
Kangyang, which wrote:
"Wang Sicong, who is free and easy, and Zhang Kangyang,
who are accustomed to the ups and downs of the sea, have come out of two
different paths. Compared with Wang Sicong's self-employed toss, Zhang Kangyang
is exploring the future of Suning in Zhang Jindong's expectations."
Wang Sicong, who has been working in a low-profile public
opinion field for three months is it necessary to return to Wanda to go to
work?
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
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