王思聪又回来了？但留给他任性的机会不多了

Core Viewpoint - Wang Sicong's era of indulgence is coming to an end as his investment ventures face significant challenges and setbacks [3][22]. Group 1: Recent Developments - Wang Sicong's investment company, Beijing Pusi Investment Co., Ltd., is publicly auctioning an 8% stake in Maiji Culture, valued at -166.62 thousand yuan, with a starting bid of over 100 thousand yuan [4][23]. - He has entered the medical beauty sector by co-founding a new clinic named "Beijing Ningyue Yiji Medical Beauty Clinic" alongside actors Qin Lan and Gan Wei, indicating a shift in investment focus [4][23]. Group 2: Investment History - Wang Sicong began his entrepreneurial journey with 500 million yuan provided by his father, Wang Jianlin, as a "trial and error" fund [5][25]. - His initial foray into the investment world included the establishment of Pusi Capital, which has since invested in over 90 companies across various sectors, including gaming, live streaming, and entertainment [17][37]. Group 3: Notable Achievements and Setbacks - Wang's iG esports club won the first championship for China in the DOTA2 International Invitational in 2012, earning a prize of 1 million USD, which was distributed among the team [7][27]. - The peak of his success came in 2018 when the Chinese esports industry reached nearly 90 billion yuan, coinciding with iG's championship win [12][32]. - However, following this peak, iG failed to maintain its success, and by 2019, Wang's company Panda Live faced bankruptcy, resulting in a 2 billion yuan loss for Pusi Capital [15][35]. Group 4: Current Challenges - As of 2024, Wang's business portfolio has significantly contracted, with Pusi Capital's shares frozen by the court, leading to operational difficulties for several investments [17][36]. - In June 2025, he transferred his company, managing over 6 billion yuan in assets, to what is perceived as a desperate measure for liquidity [36][37]. Group 5: Investment Strategy Analysis - Analysts suggest that Wang Sicong's investment strategy is characterized by a focus on high-heat, low-depth ventures, often lacking thorough research into industry fundamentals [18][37]. - His approach has been described as "celebrity capital" rather than "industrial capital," leading to vulnerabilities when market conditions change [18][37].