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债务还不完,万达为何走到今天?王健林的赌性把万达拉入深渊
Sou Hu Cai Jing· 2025-10-06 08:51
"先定一个小目标,比如挣它一个亿。"2016年,王健林说这句话时,当时在全国引发了很大的反响,从此以后,一个小目标等于一个亿已经成为全民共识, 当然,彼时的王健林正处于巅峰时期的意气风发阶段,那时他三次登顶胡润百富榜,万达是横跨商业、文旅、影视的帝国,全国500多座万达广场,走到哪 都是城市地标。 可现在,这个"小目标"成了压倒骆驼的最后一根稻草。 万达为何走到今天这一步? 话说万达创始人王健林还真是个厉害角色,他当过兵,后来转业下海,硬是把万达从无到有做成了地产界的龙头老大。 万达今时今日的危机,完全是王健林赌出来的:危机开始于2016年的上市豪赌。 当时,王健林认为资本市场低估了万达,决定从港股退市,并将商业地产公司更名为万达商管集团,进军A股。 但是退市,需要补齐私有化资金缺口,万达与投资人签订对赌协议。万达商业需在港股退市后满两年或于2018年8月31日前在内地主板上市。如若失败,万 达将要支付高达400亿港币进行股权回购。 但直到2017年,万达仍在A股苦苦排队,再加上海外项目突遭停贷,2019万达的负债一度达到了近3000亿元。当时的万达以成本计资产为7000亿元,2017年 万达集团收入2273 ...
71岁王健林与“老登时代”的终局
创业邦· 2025-09-30 10:14
融中财经 . 中国领先的股权投资与产业投资媒体平台。聚焦报道中国新经济发展和创新投资全产业链。通过全媒体 资讯平台、品牌活动、研究服务、专家咨询、投资顾问等业务,为政府、企业、投资机构提供一站式专 业服务。 来源丨 融中财经(ID:thecapital) 作者丨 李冰之 以下文章来源于融中财经 ,作者李冰之 编辑丨 吾人 近日,沉寂已久的王健林因一则司法动态重回公众视线:大连万达集团及其法定代表人王健林,被法 院依法采取限制高消费措施。 事件发酵仅一天后,9月29日中国执行信息公开网已无王健林的"限高"消息。 对此,万达回应称,"此次是由于万达下属项目公司经济纠纷导致,事实上之前双方一直在通过多种 方式协商解决,我们也正在了解具体情况,本次或因在执行层面信息不对称导致。"只是,即便限高 已解除,此次短暂的司法风波,仍暴露了万达当前债务困局下的潜在风险。 回溯过往,王健林曾是商界"呼风唤雨"的存在——早年做客《鲁豫有约》时,他是头顶"全球华人首 富"光环的大佬,一句"先设定一个能达到的小目标,比方说我先挣它一个亿"火遍全网,成了一代人 的商业记忆;而他的儿子王思聪,也因鲜明张扬的个性、高频的娱乐话题,成了当年家 ...
王健林“限高”72小时闪电取消 累计出售85座万达广场加速化债
Chang Jiang Shang Bao· 2025-09-29 23:29
长江商报消息 ●长江商报记者 沈右荣 王健林又成为市场关注的焦点。 9月28日,多家媒体报道称,大连万达集团股份有限公司(简称"万达集团"或"万达")及其法定代表人王健林被限 制高消费(简称"限高"),执行标的为1.86亿元。 9月29日,中国执行信息公开网已经没有万达集团董事长王健林"限高"的信息。 从9月26日法院下达限高令到解除,经过了72小时。 近年来,万达集团及王健林频频"卖卖卖",加速化债。除了万达商管、万达电影等股权外,王健林还加速出售万 达广场。2023年其出售4座万达广场;2024年,26座万达广场被出售;2025年以来,已宣布55座万达广场易主。 万达究竟还有多少债务待偿?王健林还有多少资产可以出售?71岁的王健林可能心中有数。 "信息不对称"引发的"限高" 万达集团方面回复媒体称,本次限高是因为执行层面信息不对称导致。 因为1.86亿元被限高,一定程度上反映了万达集团时下的财务窘迫。 综合多方信息,截至目前,万达系各公司的被执行总金额已经超过70亿元。 此前,万达及王健林还相继被永辉超市、苏宁易购公开追债。 作为曾经的中国首富,王健林的一举一动依然受到社会广泛关注。 9月28日,多家媒体 ...
71岁王健林与「老登时代」的终局
36氪· 2025-09-29 10:23
Core Viewpoint - The article discusses the decline of Wang Jianlin and Wanda Group, highlighting the company's debt crisis and the shift from the real estate era to the technology era, emphasizing the need for adaptation to new market conditions [4][25]. Wanda's Debt Crisis - Wang Jianlin was recently subjected to a high consumption restriction due to a court ruling related to a 186 million yuan enforcement case, revealing Wanda's ongoing debt issues [5][9]. - Wanda Group has 10 enforcement cases totaling 5.262 billion yuan, with 47 equity freeze cases affecting core subsidiaries, indicating severe financial distress [9][10]. - The company has been forced to sell over 30 Wanda Plazas to survive, with significant transactions planned for 2025, indicating a shift towards asset liquidation [10][12]. Historical Context - The turning point for Wanda began in 2017 when it faced regulatory scrutiny over its overseas investments, leading to a liquidity crisis and a reported debt exceeding 600 billion yuan [10][11]. - Despite attempts to pivot towards a lighter asset model, Wanda's debt continued to escalate, particularly in its real estate segment, which has become a liability rather than an asset [11][14]. Business Model Challenges - Wanda's diversified business model, which once thrived on real estate, is now under pressure as each segment faces its own challenges, leading to a systemic risk across the company [14][17]. - The cultural and investment arms of Wanda have struggled to generate returns, exacerbated by the pandemic and market downturns, further straining the company's financial health [17][18]. Market Dynamics - The article contrasts the decline of "old economy" stocks, like Wanda, with the rise of "new economy" stocks focused on technology and innovation, signaling a broader market shift [19][20]. - The real estate sector's decline has forced traditional companies to adapt or face obsolescence, as seen in Wanda's struggles compared to more agile firms like Wantong Development [22][23]. Conclusion - The narrative of Wang Jianlin's fall from grace serves as a cautionary tale about the importance of adapting to changing market conditions, particularly the transition from real estate to technology-driven growth [25][26].
「限高」取消,王健林虚惊一场?
3 6 Ke· 2025-09-29 10:02
Group 1 - Wang Jianlin's consumption restriction was lifted after one day, allowing him to travel freely again [1] - Wanda Group was listed as a defendant by the Gansu Provincial Intermediate People's Court, with an execution target of approximately 186 million yuan [1] - Currently, Wanda Group has about 5.263 billion yuan in pending execution targets [1] Group 2 - To address debt pressure, Wanda Group has sold core assets of its remaining two listed companies [7] - In April 2023, Tongcheng Travel acquired 100% of Wanda Hotel Management for approximately 2.49 billion yuan, which accounted for about 90% of Wanda Hotel Development's total revenue in 2024 [7] - Wanda Cinema has also undergone multiple equity transfers and is now controlled by China Ruyi [7] Group 3 - Wanda has sold over 30 Wanda Plazas from 2023 to 2024, with 7 sold in the first five months of this year [8] - A consortium including Tencent and JD.com was approved to acquire 48 Wanda Plazas across 39 cities [8][9] - The sale of these assets indicates that Wanda is focusing on liquidating valuable properties to manage its debt [9] Group 4 - After introducing new investors, Wang Jianlin lost absolute control over Zhuhai Wanda Commercial Management [10] - Despite the influx of 60 billion yuan from new investors, Wanda's debt pressure remains significant [11] - As of September, Wanda Commercial Management had 15.116 billion yuan in cash but faced short-term borrowings of 3.89 billion yuan and long-term debts totaling 112.65 billion yuan [12]
限高被取消!被1.8亿难倒的王健林,还有多少债要还?
Sou Hu Cai Jing· 2025-09-29 08:03
人生总有起落,王健林这位曾经的中国首富,在71岁的年纪面对1.86亿的债务,似乎也步履维艰…更巧 的是,就在限高令发出的同一天,他儿子王思聪在新加坡机场被网友拍到。 文丨金融八卦女特约作者:身披铠甲的方方 · · · 人生总有起落,这位曾经的中国首富,在71岁的年纪面对1.86亿的债务,似乎也步履维艰…更巧的是, 就在限高令发出的同一天,他儿子王思聪在新加坡机场被网友拍到。 9月28日,财经圈炸开了锅——其实兰州市中级人民法院早在 9 月 26日就已发布消息。 ▲万达系被执行脉络 来源:企查查 在大众印象里,"限高"二字本该和顶层富豪八竿子打不着——我们熟悉的剧情向来是老赖坐不了飞机、 住不了五星酒店,住宿等级也会被"卡脖子"。但当法院公告里"限高"对应上了王健林,戏剧感瞬间拉 满。 不过,据29日最新消息,中国执行信息公开网已经没有万达集团董事长王健林限高的信息。 ▲"限高"公告 来源:网络 回头看十年前,他还在央视镜头前意气风发地抛出 "先给自己定个小目标,赚它一个亿"的名场面,如 今却得乖乖收下法院的限制消费令:头等舱别想,五星酒店别住,连奢侈消费都得统统免谈。消息一 出,网友们立刻开起了段子:"多此一 ...
王健林,现身新疆
Xin Lang Cai Jing· 2025-08-22 12:37
王健林表示,"克拉玛依就像是新疆的一颗明珠,超出预期,这里的旅游资源丰富,独山子大峡谷、世 界魔鬼城景区在中国乃至世界都是独有的。资源禀赋是很好的,就是需要怎么进一步提升,我去看了独 库公路,一年有150万辆车经过,怎么样使这种资源能够提升更大化,总体来看,克拉玛依的旅游资源 还可以,但是项目本身的规划设计、运营程度,可能有些地方跟先进地区相比可能还是有需要提高的地 方。我们也正在探讨和克拉玛依合作的可能性,我们是有兴趣,我们这几方一起合作,全面提升克拉玛 依,无论是城市的发展,还是老百姓幸福指数,肯定是对克拉玛依有巨大帮助的。" 智通财经记者 李晓青 近日,大连万达集团董事长王健林在新疆现身。 据克拉玛依市融媒体中心报道,8月20日-21日,王健林在克拉玛依考察招商引资、文旅发展等工作。 王健林在克拉玛依考察 自从大连万达集团陷入资金紧张危机之后,王健林也鲜少在公众面前现身。 为了缓解资金紧张,王健林也采取了多种措施。 出售资产方面,5月21日,国家市场监督管理总局批准了由太盟、高和丰德、腾讯、京东潘达、阳光人 寿等机构组成的联合体对大连万达商管旗下48家目标公司的收购案,涉及全国39个城市的48座万达广 ...
王健林现身新疆克拉玛依,“正探讨和克拉玛依合作的可能性”
Xin Lang Cai Jing· 2025-08-22 10:44
Core Viewpoint - Wang Jianlin, chairman of Dalian Wanda Group, recently visited Karamay, Xinjiang, to explore investment opportunities and tourism development, highlighting the region's rich tourism resources and potential for improvement [1][3]. Group 1: Company Developments - Dalian Wanda Group has been facing financial difficulties, leading to Wang Jianlin's rare public appearances [3]. - To alleviate financial strain, the company has undertaken various measures, including asset sales and strategic partnerships [4]. - In May 2023, a consortium including Tencent and JD.com was approved to acquire 48 Wanda Plaza locations across 39 cities in China [4]. - Wang Jianlin has sold over 25 Wanda Plazas and transferred overseas assets, including stakes in Legendary Entertainment and Sainty Marine [4]. - In December 2023, a framework investment agreement was signed with TPG, and in March 2024, TPG and CITIC Capital invested approximately 60 billion yuan in Dalian Wanda Commercial Management Group [4]. Group 2: Industry Insights - Karamay is described as a "pearl of Xinjiang," with unique tourism attractions like the Dushanzi Grand Canyon and the World Devil City [3]. - Wang Jianlin emphasized the need for improved project planning and operational standards in Karamay's tourism sector to maximize resource utilization [3].
变现520亿,王健林还在卖家当
商业洞察· 2025-07-26 07:56
Group 1 - Wang Jianlin has sold a 30% stake in Kuaiqian Financial for 240 million yuan, marking a significant divestment of his financial assets [2][6][22] - Kuaiqian Financial, a licensed payment institution, was once a core asset in Wang's financial portfolio, but its value has significantly decreased from an estimated 3 billion yuan to around 800 million yuan [13][24] - This sale is part of a broader trend where Wang has liquidated over 52 billion yuan in assets, including hotels and shopping malls, to address financial pressures [7][39] Group 2 - Wang Jianlin's divestment of Kuaiqian follows the sale of 100% of Wanda Hotel Management to Tongcheng Travel for 2.49 billion yuan, indicating a strategic retreat from the hospitality sector [28][34] - The hotel management business, which includes over 200 operating hotels, has been significantly downsized, with Wang now focusing on investment properties and overseas operations [36][41] - The financial strain is evident as Wang's company faces over 43.9 billion yuan in short-term debts, with only 15.1 billion yuan in cash available [44][45] Group 3 - Wang's aggressive asset liquidation strategy aims to maintain creditworthiness, as he has not publicly defaulted on debts despite ongoing financial challenges [45][46] - Legal issues persist, with former partners like Suning and Rongchuang pursuing claims against him, adding to the financial turmoil [48][50] - Control over remaining valuable assets, such as Zhuhai Wanda Commercial Management, is gradually being relinquished as external investors gain influence [52][53]
身家一年缩水820亿,王健林又双叒叕“割肉”甩卖
3 6 Ke· 2025-07-25 10:01
Core Viewpoint - Wang Jianlin, once a prominent figure in China's real estate sector, is now engaged in a challenging asset divestment journey, highlighted by the sale of a 30% stake in Kuaiqian Financial for 240 million yuan, reflecting the company's financial struggles and the need to alleviate funding pressures [1][6]. Group 1: Company Overview - Kuaiqian Financial, established in 2004 and a key player in the payment sector, was acquired by Wanda in 2014 for $315 million, holding a 68.7% stake at that time [2][3]. - The company was once ranked fourth in the industry, with a transaction scale only behind UnionPay, Alipay, and WeChat Pay, showcasing its significant market position [2]. Group 2: Financial Challenges - The current valuation of Kuaiqian Financial is approximately 800 million yuan, indicating a substantial loss compared to the original investment, which is perceived as a "fire sale" by Wang Jianlin [3]. - Wang Jianlin's wealth has drastically decreased from 1,408.4 billion yuan to 588.1 billion yuan within a year, marking a 58% drop and a significant decline in his ranking among China's wealthiest individuals [9]. Group 3: Regulatory Issues - Kuaiqian Financial has faced multiple penalties for regulatory violations, including a fine of 10.04 million yuan in January 2022 for issues related to account management and anti-money laundering [3][5]. - Additional fines were imposed in 2023 for violations concerning fund settlements and management regulations, indicating ongoing compliance challenges [4][5]. Group 4: Strategic Moves - The divestment of Kuaiqian Financial is part of a broader strategy by Wang Jianlin to sell off various assets, including significant stakes in Wanda's core businesses, to manage financial pressures and debt obligations [1][6][7]. - Previous attempts to divest financial assets date back to 2018, indicating a long-standing strategy to streamline operations amid financial difficulties [5].