万达的加法

Wanda:makes addition

这个中国最大的商业不动产帝国的搭建密码是什么？它扩张的边界与风险在哪里？

This time,Wang Jianlin,Wanda's Chairman is closer to his dream-being a new richest man and the greatest philanthropist of China. As one of China's largest real estate companies and owned by Dalian Wanda Group.Wanda Commercial Real Estate company's A-share listing is on the countdown:a total of more than 4 billion RMB has been raised,after two rounds of PE financing-the first one is completed on August 10,and the second is early this year.Either for total size or subscription price(the second round subscription price is 17 Yuan per share),Wanda makes a record high PE financing among mainland private enterprises. Wang Jianlin's success,to a great extent,thanks to Wanda's exclusive involvement in the whole industry chain.If Wanke Real estate is regarded to make'subtraction'(return to core business) in its business scope,while Wanda makes'addition'(pluralism),to become a commercial real estate empire. Wanda's main business has long gone beyond the commercial real estate,expanding its presence in hotel,culture,retail industry and in some field,Wanda even boosts NO.1 Nevertheless,Wanda's'pan-industry chain'model is still in dispute.Besides,talent resource and economy cycle are both challenges ahead. Apparently,just like real estate industry,the new industry that Wanda are entering these years, all need large initial investment and long payback period.Faced up with tighter macro economic controls,how will Wanda'think reversely and invest in bad times',so as to carry on large initial capital consuming projects,and develop more cash-burning companies in the meanwhile? What's more important,will previous success be a catalyst of Wanda's ambition?Where are Wanda's expansion boundaries?Are the corresponding risk control measures ready yet?