Even if Wang Sicong really increased the 500 million given by Wang Jianlin to 6.3 billion, and even if Wang Sicong's current focus on the pan-entertainment field is a great match with Wanda's development prospects, but when it comes to the issue of Wanda's successor, no matter which way you look at it, it's far from being the right time yet.
Wang Sicong in the shadow of Wanda
Wang Sicong has not been seen on Weibo for a long time, firing shots at the chaotic entertainment industry, even though the entertainment industry is still very exciting these days, and there is a lot of blood in the water. But none of this seems to attract the attention of the "Wang Jiwei", without the "Wang Jiwei" to preside over the fairness of the showbiz industry, the excitement is really a few points less.
But Wang did not idle, busy earning money, and according to Hurun said the value has reached 6.3 billion, which compared to the original Wang Jianlin said will give him 500 million practice, a full 12 times more.
This achievement is very dazzling, but from the revealed information to support his value is more is the investment success of its Pusi capital. 4 years to complete the equity investment in 26 projects, 8 projects to get out of the investment of 5 IPOs. 5 of the investment of the enterprise has been listed, but also to make the beginning of the investment circle Pusi capital big money.
The investment cases disclosed in the P&S website are very rich in industry types, in addition to the Internet, there are data analytics, film special effects, automation equipment, gardening, logistics, digital cinema, medical, new materials, digital, restaurants, and even involved in the funeral industry.
One of the more famous companies are machipopo of Taiwan's live streaming app 17, Volkswagen Dianping, RenRen, LeSports, YunYou, LeTao, palantir and so on. But Wang has always been fascinated by the gaming industry, and there are two gaming companies among the five listed companies.
From the point of view of investment information, in a number of investment cases, especially several listed companies, Wang Sicong's Pusi capital shares are listed before about 1 year or even shorter, and there are companies that are actively inviting Wang Sicong to invest. This is actually worth playing, in fancy Wang Sicong himself, I'm afraid more still look behind the Wanda.
When investing in LeTe game, a paragraph was circulated on the Internet, and it was said that on the eve of the listing, LeTe game has Lenovo and Tencent and other investors, and there is no lack of money at all. Wang Sicong traveled to see Le te CEO Chen Xiangyu, the two talked all day, finally Chen Xiangyu decided to take their own hands 1.3% of the shares to 5.9 million U.S. dollars to Pusi investment, which is equal to the eve of the listing, white! Sending! Money! Later, the stock price of LeTeam rose 50% in the first month of its listing.
In fact, it is conceivable that Wang Jianlin and Wanda Group are the biggest weights in Wang's hands and the most valued factors by investors when he started investing.
But this is nothing, business integration of resources from all sides to facilitate cooperation, this is extremely important. And with the value of Wang Sicong's own high fame and explosive topic, companies have more reasons to invest in Wang Sicong, whose own traffic and topic is no less than that of a first-tier star.
For now, backed by Wanda's investment to Wang Sicong to bring abundant funds, but its personal traces of the heaviest in fact is the game, the live broadcast industry, whether to really establish Wang Sicong's "commercial brand", ultimately depends on his achievements in these two areas.
But whether it's a gaming game or a live broadcast, its development has coincidentally encountered considerable difficulties.
Wang Sicong's predicament
First of all, the game, as Wang Sicong's biggest layout, its e-sports road is blocked. End game has the giant Tencent, hand game e-sports in all aspects of the limitations are still too big.
In the end game competition, tencent has been the absolute king position, from here to cut into obviously not a wise decision.
So Wang Sicong and the main mobile sports Hero Hublot hit it off immediately, and Hero Hublot also valued the Wanda system resources he represents as well as his own topic and fans, the two sides with the shares and supervisor seat to do the bundling.
The two also came together to lead the establishment of the China Mobile E-Sports Alliance, which covers 12 game makers, five major channels, four e-sports-related companies and the China E-Sports Club as well as XunYou Technology, a formidable effort. And with Wang Sicong as the inaugural chairman, the alliance's dissemination efficiency is guaranteed.
But even with all this scenery, it's hard to hide the shadow of mobile gaming itself. The operating characteristics of cell phones, so that mobile e-sports there are many hard injuries, first of all, most of the mobile game production picture is worrisome, ornamental is not strong. Factors such as single skills or the inability to smoothly connect to produce special effects, and the inability to prioritize the completion of a certain action in accordance with the strategy may cause users to be disappointed in the competitive effect of mobile gaming; in terms of the current level of viewing users of mobile gaming, it is still far from success.
Again, live broadcasting, the dilemma mainly comes from the burning money war caused by the competition of the same industry.
Live platform traffic source more than 70% from the game plate, the game live track in fact no obvious barriers, the core is to rely on the head of the anchor. All platforms rely on the signing of the way, enlisting, restraining high-quality anchor, all to trap users. Douyu, Hutia, Panda several major platforms in 2016 have been caught in the head anchor "arms race".
In 2015, Dooley from YY's Tiger even dug six people, hole master, 55 open, Lori are from Tiger jumped to Dooley, and the amount of corners as high as 60 million yuan. Tigertooth also retaliated by digging out the head anchor under the Douyu. The whole industry anchor contract price soared to ten million level.
And in October 2015 on-line Panda TV just entered the scene, on the face of such a poaching war. 2015 September, Panda TV will be fighting fish platform original "Hearthstone Legend" anchor prisoner, Wang, Wang Master, including the well-known anchor into the banner; the end of the same year, the well-known anchor Xiaozhi because of the Panda TV and another platform between the national TV "splits the leg! "triggered scolding, and even directly with Wang Sicong himself to scold.
The whole industry seems to have been set, since the appeal of the anchor is limited, the platform can rely on only money.
And currently the three main domestic live platform: Douyu, Panda, Huta, in addition to Panda, the other two Tencent have participated in the investment. This impact is huge, in the gaming world Tencent in addition to strong funds, but also holds the copyright of almost all popular games. This pinch the lifeblood of the panda live, although now tencent nothing action, but if the future think up to be harvested, that is not the lifeblood said broken. Panda's response is to transform into a pan-entertainment platform, build richer content, reduce dependence on anchors and popular games, and create their own blood.
Wang Sicong first produced a live variety show "hello! Goddess" on Panda, and then produced a talk show "Little Onion Show", both hoping to enrich the PGC content. But the audience's evaluation of these two programs seem to be "embarrassing".
And in terms of impact after airing, well, there was little impact. The last of the beautiful hostesses on hello!
But the road to transformation continues.In March, Wang Sicong and Lin Renewal joined forces with Mango Entertainment to produce a real-life Online secondary yuan idol raising show, "Next Gen Star Project". The expectation is that through a combination of live and on-demand broadcasting, users will be able to step by step to develop their chosen characters into idols.
But whether the transition will be successful is still unknown.
Wanda's transition pain
Wang Jianlin and Wanda are also experiencing transition pains. Wanda to real estate, the transformation of light assets of the company's determination is indisputable, from a series of dazzling sell sell sell action can be seen. But the process and hidden worries are not as good as the surface announced.
From the present point of view, Wanda is still difficult to get rid of real estate. Wanda has been involved in the cultural industry for eleven years, and now the cultural group has really become a pillar industry of Wanda, but it is not yet the most important share of revenue. In the first half of this year, some data show that Wanda culture group revenue of 30.8 billion yuan, an increase of 31% year-on-year. According to this growth rate, Wanda is expected to exceed 80 billion mark by the end of the year, from the current point of view, Wanda's fastest growing emerging industries. But last year's revenue was 254.98 billion yuan, so it is expected that Wanda's commercial real estate will remain its most important source of revenue for some time.
A major reason for the slow pace of transformation is that the light-asset recreation and entertainment is difficult to support Wanda's heavy-asset transformation in such a volume for a while.
The film and television, sports industry profits are very high, but the industry has developed for so many years, but failed to give birth to a super giant, has been very telling.
Internet, real estate, energy and retail industries can breed giants, but industries such as film and sports are difficult to scale and standardize, and the giants can't stop one or two geniuses from stirring the pot. Take movies for example, who would have thought that Wu Jing's "Wolf Warrior 2" could exceed 5 billion? Boutique content is almost impossible to quantify and control, and the DNA of this business is decentralization, a hundred different kinds of competition.
Counting these businesses acquired by Wanda, AMC Cinemas, the earliest to be included under Wanda, announced a loss of $177 million in the second quarter, and its stock price has been low.
Compared with traditional industries such as real estate, cultural industries such as film, television and sports are not inherently money-making industries, and the payback cycle is quite long, which greatly dragged down Wanda's profits. It has also attracted a lot of questions about Wanda's transformation. Wang wants to want to integrate these industries to form a super carrier, there is still quite a long way to go.
Father and son running wild with each other
Wang's father and son are currently at the two ends of a road, Wang Sicong in the end of the thoroughly entertaining want to run to a mature and robust business model; and Wang Jianlin in the end of the commercial real estate in the serious asset-heavy, want to lead the Wanda to complete a thorough transformation of the cultural and entertainment aircraft carrier. In their different predicaments, the two from the encounter there is still a distance, in addition to its own strong topic outside Wang Sicong has not been able to pan-entertainment business field, leaving their own colorful stroke; and the current Wanda has not been able to complete the transformation of success. But it can be predicted that the two in their respective businesses have a lot of cross-points and complement each other, and this cross and complement is more and more.
If in the near future, the two meet on this entertainment road, even if Wang Jianlin has never loosened his lips on the issue of successor, the baptism of the shopping mall, and in the field of entertainment to make achievements of Wang Sicong is still the best candidate to carry the flag of Wanda, which can see that the old king of the cultivation of the little king's good intentions.
On the Q&A platform, Wang encountered a question asked by netizens: as the son of Asia's richest man, what is the biggest challenge in your life?
Wang Sicong replied: this question is quite simple, as the son of the richest man, the biggest challenge must be to live up to everyone's expectations, can exceed his father. So my biggest challenge is to surpass the height of my father's success in my lifetime.