每经热评丨王健林被“限高”又取消 商业大佬如何面对人生低谷

Core Insights - Wang Jianlin, due to a 186 million yuan enforcement case related to Wanda's cultural tourism project, was issued a high consumption restriction order, which was later rescinded within 36 hours, attributed to "information asymmetry" by Wanda Group [1] - The situation reflects the broader challenges faced by the real estate industry in China, transitioning from a phase of rapid expansion to a more rational approach [1] - The high-leverage, high-turnover model that characterized the industry is now outdated, with Wanda Group facing significant financial pressures, including 10 enforcement cases totaling 5.262 billion yuan and over 70 billion yuan in total enforcement amounts across its subsidiaries [1][2] Group 1: Financial Challenges - In 2023, Wanda has sold over 85 Wanda Plazas, including a significant sale of 48 plazas to a consortium of institutions in May 2025 [2] - The company has divested from various assets, including 100% of Wanda Hotel Management and 30% of Quick Money Financial, while also liquidating overseas assets [2] - Projections indicate that Wanda will dispose of over 90 billion yuan in assets in 2024 and 2025, indicating a shift from diversification to a focus on "commercial management + cultural tourism" [2] Group 2: Strategic Shifts - Wang Jianlin recognized the need for a strategic shift from heavy asset investment to a lighter asset model as early as 2015, aiming to reduce operational risks and restructure the business model [2] - The company has not pursued debt restructuring but has focused on asset sales to maintain creditworthiness, reflecting a commitment to market-driven solutions [2][3] Group 3: Public Perception and Resilience - Wang's approach to debt repayment has garnered public respect, as he continues to manage his obligations without resorting to evasion or bankruptcy [3][4] - The narrative surrounding Wang emphasizes the importance of accountability and reputation in business, suggesting that resilience in the face of adversity is a valued trait [3][4] - Despite the challenges, Wang is actively seeking new investment opportunities, demonstrating a commitment to recovery and adaptation within the industry [3]