王思聪商业版图收缩史：从王健林给5亿元创业，到负资产被拍卖！

Group 1 - The core focus of the news is on the significant decline in the financial status of Wang Sicong, known as the "national husband," as his company's equity is set for judicial auction at a starting price of 107,500 yuan, a stark contrast to the 500 million yuan initial investment from his father [1] - The 8% equity stake in Shanghai Magic Culture held by Beijing Pusi Investment has an assessed value showing a negative 1.6662 million yuan, indicating a unique situation where negative assets are being auctioned [3] - Wang Sicong's company, Pusi Capital, which was once managing assets worth 1 billion USD, has faced a series of setbacks, including the failure of Panda TV and equity freezes, leading to the auction of a small equity stake [5] Group 2 - The auction amount is relatively insignificant, highlighting a critical lesson for entrepreneurs: without continuous output capability and risk awareness, even substantial initial capital can evaporate like a bubble [7] - The narrative of Wang Sicong's shrinking business empire serves as a real-life example of a "wealthy cultivation game" gone wrong, providing a cautionary tale for observers [7]