Not being a big brother for many years, “White Knight” Wang Jianlin returns

Wang Jianlin, who returned to the poker table, began to become the “white knight” who rescued his peers, bailed out the commercial projects of Jianye, Xinyuan, Oaks Real Estate, Morita and other companies one after another, and regained the throne of the richest man in real estate in 2022. Right now, Zhuhai Wanda Commercial Management, an asset-light business management platform built by Wang Jianlin, is about to usher in a feast of listed capital, and its pre-IPO round valuation has reached 28 billion US dollars. The only son, Wang Sicong, was unwilling to take over. After resigning from the board of directors of Wanda Group, the 68-year-old Wang Jianlin was forced to play alone. Whether Zhuhai Wanda Commercial Management, which is submitting its prospectus for the Hong Kong stock market for the third time, can go public smoothly will be his last fight on the commercial battlefield. | Related Reading (Prism)

Sister Pomegranate

Looking at the movements of Wang Jianlin and Wanda in the past year, one can’t help but think that just a few years ago, Wanda kept selling and selling under pressure, and was forced to repay a huge debt of 400 billion yuan in advance. At that time, everyone was joking. The disheartened Wang Jianlin, who would have known that a few years later, it was the timely sale that allowed Wanda to avoid the debt crisis of Evergrande and Kaisa. Today’s Wanda, because of its relatively healthy cash flow, has transformed itself into a “white knight” and takes over troubled projects of other real estate companies. For Wang Jianlin and Wanda, it is a good time to take over the project at this time. After all, under the recession of the real estate industry, the prices of most real estate projects are far lower than the original prices.

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