When Wanda Commercial’s IPO sprint was fruitless and the bet was facing default, Wanda Group Wang Jianlin could finally breathe a sigh of relief.

On December 12, 2023, PAG and Dalian Wanda Commercial Management Group jointly announced the signing of a new investment agreement. PAG will work with other investors to reinvest in Zhuhai Wanda Commercial Management after its investment redemption period expires in 2021.

The investment amount of existing investors in Zhuhai Wanda Commercial Management in August 2021 is about 38 billion yuan, of which the investment amount of Pacific Alliance is about 2.80 billion US dollars (about 18 billion yuan).

According to the new agreement, Dalian Wanda Commercial Management holds 40% of the shares, making it the single largest shareholder. Pacific Alliance and several other existing and new investors will participate in the investment, with a total shareholding of 60%.

Wanda will work with key shareholders such as Pacific Alliance to further optimize the company’s corporate governance, maintain the stability of the management team, and jointly support the company’s long-term development.

Wanda Group said that the new agreement reflects investors’ high recognition of Zhuhai Wanda Business Management’s growth potential and its operating capabilities.

Wanda Commercial Management expects annual revenue to 29.30 billion

According to the introduction, Wanda Commercial was established in September 2002 and is one of the world’s leading commercial property holding and operation enterprises. Zhuhai Wanda Commercial Management is the only business platform for asset-light operation and management of commercial centers under Dalian Wanda Commercial Management Group.

As of November 2023, Zhuhai Wanda Commercial Management operated and managed 494 large-scale commercial centers, of which 290 were commercial centers under Dalian Wanda and 204 were third-party asset-light commercial centers.

Zhuhai Wanda Commercial Management currently manages 494 large commercial centres in 227 prefecture-level and above cities across the country. The number of commercial centres managed by Zhuhai Wanda Commercial Management has grown from 417 to 494 in the past two years, an average annual growth rate of about 9%. Zhuhai Wanda Commercial Management is now the world’s largest commercial management company in terms of commercial area under management.

Since existing investors invested in 2021, Zhuhai Wanda Business Management has exceeded its performance targets for three consecutive years. After-tax income in 2021 is 23.50 billion yuan, 2022 is 27.10 billion yuan, and 2023 (estimated) is 29.30 billion yuan, with an average annual growth rate of about 12%. After-tax profit in 2021 is 5.30 billion yuan, 2022 is 7.50 billion yuan, and 2023 (estimated) is 9.50 billion yuan, with an annual growth rate of 34%.

In the past three years, Wanda Commercial Management has paid a total of about 10 billion yuan in taxes, and the dividends to shareholders are 4.60 billion yuan in 2021, 6.70 billion yuan in 2022 and 8.50 billion yuan in 2023 (estimated).

Tencent and Country Garden are shareholders

In 2018, Tencent Holdings, as the main sponsor, jointly signed a strategic investment agreement with Suning, JD.com, Sunac and Wanda Commercial in Beijing to invest in 34 billion and acquire about 14% of the shares held by investors introduced when Wanda Commercial Hong Kong H shares were delisted.

Before the Wanda Commercial Management IPO, Wang Jianlin directly held 5.19% of Dalian Wanda Commercial and 44.31% through Wanda Group. In addition, Zhuhai Wenchi held 1.7%, Zhuhai Wenlong held 0.98%, and Dalian Wentai held 4.29%.

Wang Jianlin holds 36.58 per cent of Zhuhai Wentai, 4.53 per cent of Zhuhai Wentai and 70.11 per cent of Dalian Wentai, which are shareholding platforms for employees of Wanda Group and its subsidiaries.

Wang Jianlin’s wife, Lin Ning, holds 3.18 per cent of Dalian Wanda Commercial; Wang Jianlin holds 98 per cent of Dalian Hexing and 2 per cent is held by Wang’s son, Wang Sicong. Dalian Hexing holds 99.76 per cent of Wanda Group and Wang Jianlin directly holds 0.24 per cent of Wanda Group.

Dalian Wanda Commercial holds a 78.83% stake in the joint stock company of Zhuhai Wanda Commercial Management Group, and investors hold a 21.15% stake in the joint stock company of Zhuhai Wanda Commercial Management Group.

Country Garden holds 1.7945%, Chow Tai Fook’s WellSmart Developments Limited holds 0.0718%, CITIC Capital’s CCP Wing Investment holds 1.7857%, Jinyi Global holds 1.7945%, and Shanghai Yunxin Entrepreneurship holds 0.9778%.

Tencent holds 0.7222% through Huang River, Tencent holds 0.1179% through Shenzhen High Light Computer Technology Co., Ltd.; Ant Group’s Accelerator I holds 0.4643%;

PAGAC holds 3.5714%, CITIC Securities Investment Co., Ltd. holds 0.3611%, and Hangzhou Tangzhi Equity Investment Partnership (Limited Partnership) holds 0.0555%.

However, as investors in Wanda Commercial Management, Ning and Sunac have encountered operational difficulties to varying degrees. It is difficult for the Mud Bodhisattva to cross the river, but it is difficult to solve the problem. In particular, Ning also stepped on Evergrande, causing serious losses. Country Garden is also in crisis, and only Wanda is relatively better off.

Selling Wanda Films to Help Yourself

A few days ago, Wanda Film announced that it received a notice on December 6, 2023 that the company’s indirect controlling shareholder, Beijing Wanda Cultural Industry Group Co., Ltd., and its wholly-owned subsidiary, Beijing Hengrun Enterprise Management Development Co., Ltd., and the company’s actual controller, Wang Jianlin, intend to transfer the 51% equity of the company’s controlling shareholder, Beijing Wanda Investment Co., Ltd. to Shanghai Ruyi Investment Management Co., Ltd.

As early as July 20, 2023, Beijing Wanda Cultural Industry Group Co., Ltd., the indirect controlling shareholder of Wanda Film, signed an Equity Transfer Agreement with Shanghai Ruyi Film and Television Production Co., Ltd. (referred to as "Shanghai Ruyi"), and Wanda Cultural Group transferred its 49% stake in the company’s controlling shareholder, Beijing Wanda Investment Co., Ltd. (referred to as "Wanda Investment"), to Shanghai Ruyi. Shanghai Ruyi invested 2.262 billion yuan.

This means that once the transfer is completed, Shanghai Ruyi will hold a 100% stake in Wanda Investment Co., Ltd., and then hold a 20.03% stake in Wanda Film. Wanda Film’s actual control will change from Wang Jianlin to Shanghai Ruyi.

According to the financial report, Wanda Film’s revenue in the first nine months of 2023 was 11.348 billion yuan, an increase of 46.98% over the same period last year; net profit was 1.115 billion yuan; net profit after deduction was 1.10 billion yuan. Among them, Wanda Film’s revenue in the third quarter of 2023 was 4.479 billion yuan, an increase of 61% over the same period last year; net profit was 692 million yuan, and net profit after deduction was 689 million yuan.

Wang Jianlin once again "cut meat" to save himself is to deal with the delay in the listing of Wanda Commercial Management, and the company is facing a situation of default on gambling.

On March 8th, the new plug-in hybrid car Qin PLUS DM-i was officially launched. There are four new models with the price range of 105.8-145.8 million yuan.

Compared with the traditional plug-in hybrid with fuel as the main power, Qin PLUS DM-i is equipped with the latest DM-i super hybrid system. The system provides the main power source through high-power motor and high-energy blade battery, and the whole system is mainly electricity, with lower energy consumption and no discount on performance. Taking Qin PLUS DM-i as an example, the acceleration time from 0 to 100 km/h is 7.3s, and the fuel consumption is 3.8L/100km.

Qin PLUS DM-i can be regarded as an upgraded model of Qin. The outline of Qin PLUS DM-i is somewhat similar in appearance, but the new car uses a more fashionable DragonFace 2.0 design, which is sharper in the shape of the front face and the front and rear light groups. The front grille has a larger area and a stronger gas field.

The transition between the front face and the side wall of the new car is clear and clear, and the size of the multi-strip aluminum alloy wheel hub is further increased, which looks more sporty. In terms of dimensions, the length, width and height of the new car are 4765/1837/1495mm and the wheelbase is 2718mm respectively.

The latest design style used by Qin PLUS DM-i in the interior, such as the style of IP platform, the shape of air conditioning outlet and the layout of shift lever area, is closer to Han’s, and it looks luxurious and has a good sense of texture.

The full LCD instrument of the new car is relatively small, which shows some driving-related information more simply and directly, such as power, endurance, speed, energy output status and so on.

The rotatable suspended central control large screen is still the core attraction of the car interior, and it is equipped with the latest DiLink intelligent car-machine interaction system, which is rich in expansibility and extremely playable.

In terms of power, Qin PLUS DM-i is divided into two versions: pure electric battery life of 55km and 120km. The 55Km version adopts EHS132 electric hybrid system, with a maximum power of 160kW, an acceleration of 7.9 seconds per 100 km and a comprehensive battery life of 1180km；. The 120km version adopts EHS145 electric hybrid system, with the highest power of 173kW, the acceleration time of 100km of 7.3 seconds, and the comprehensive battery life of 1245km. The fuel consumption of both versions is 3.8L per 100 kilometers in the state of power loss.

The 55Km version of Qin PLUS DM-i is equipped with an 8.3kWh "blade" lithium iron phosphate battery, which supports AC slow charging. The 120km version of Qin PLUS DM-i is equipped with a lithium iron phosphate battery with a total energy of 21.5kWh. In addition to the common AC slow charging, it also adds a DC fast charging function, which is rare in plug-in hybrid vehicles.

Editor’s summary:It is foreseeable that Qin PLUS DM-i should be able to contribute considerable sales in 2021. This model, which is grounded enough in price, rich in configuration and well-balanced in power system, will not only compete in the same level of hybrid and plug-in models, but also grab some markets of 100,000-class traditional fuel sedan.

It is reported that among the three new models equipped with DM-i super hybrid, Qin PLUS DM-i has the highest pre-sale order volume so far.

　　Data Map: On December 3, 2019, the 2019WUCG Sanya E-sports Festival opened in the sailing port of Sanya Mid-Levels Peninsula, Hainan. E-sports teams from 16 countries including China, the United States, South Korea, Malaysia and Spain gathered together and will be launched to the global champions of League of Legends, DOTA2, the glory of the king, Hearthstone and the king of fighters 14. The picture shows the team of Jimei University in China playing League of Legends. China News Service reporter Luo Yunfei photo

　　BEIJING, April 24th (Xing Rui) The topic "Wang Sicong spends 666 yuan an hour as a sparring partner in the game" has recently caused a heated discussion among netizens in Weibo. While watching "eating melons", many people are also curious about the profession of "game sparring".

　　With the rapid development of e-sports industry, many new occupations have been born. E-sports anchors and professional players have gradually entered the public’s field of vision and are no longer unfamiliar. In the past two years, the e-sports sparring teacher, which has gradually emerged, seems to be "mysterious" a lot.

　　Spend 3 million to find a sparring partner

　　"E-sports sparring instructor", as its name implies, is paid to accompany others to play games. In terms of industry terminology, the customers served by sparring instructors are called "bosses". If you are willing to spend 666 yuan to find Wang Sicong as a sparring partner, then you will become his "boss".

　　Open the game sparring platform where Wang Sicong is located. The price of sparring on it ranges from ten yuan to tens of yuan per hour. It is not difficult to see that Wang Sicong’s fee of 666 yuan is far higher than the general price of game sparring on this platform.

　　Wang Sicong entered a platform as a "game sparring teacher".

　　As the saying goes, "there will be a market if there is demand", and the part-time game sparring of "national husband" actually reflects the demand of many young people for "finding someone to play games with me".

　　According to an industry data previously released by the game sparring website, in 2019, more than 27 million players searched for "Great God" to accompany them to play games, and about 68% of them were "post-95 s".

　　There is no doubt that "finding game sparring" has become a trend of entertainment for this year’s e-sports youth. For their favorite video games, many users have shown amazing spending power. Take the above-mentioned platform as an example. Last year, the "Golden Master Dad" with the highest order consumption spent a total of 3.08 million yuan to find someone to play games with him. During the period from January 24th to February 29th this year, a 22-year-old boy from Shanghai spent more than 1500 yuan a day on average, and found 12 "great gods" to accompany him to play 1850 games.

　　Data Map: On December 3, 2019, in the e-sports education center of Changchun Health Vocational College, students practiced the popular e-sports games in the classroom, while teachers taught the skills of game operation. The major of e-sports and management opened in September 2018 requires students to study more than 20 courses in three years, and e-sports training is one of them. China News Service reporter Zhang Yao photo

　　Millions of people’s "new rice bowls"

　　The blowout consumer demand naturally attracted a large number of e-sports enthusiasts to start the career of sparring. According to statistics, a game sparring APP attracted 2.9 million game sparring players last year, and 1.29 million of them made money by sharing game skills. The average monthly income of full-time sparring is as high as 7857 yuan, and the average monthly income of part-time sparring is 2929 yuan.

　　In the e-sports industry, it has become a consensus that e-sports game sparring instructors can earn money, and some sparring instructors at the top of the pyramid can even make a fortune through this profession. Earlier, some media reported that a senior game sparring teacher in his early 20 s earned millions of dollars by playing games with others and paid off his mortgage.

　　Age distribution of game gods released by a platform.

　　Although not every e-sports sparring instructor can achieve the "small goal" of earning 100,000 yuan a month, realistically speaking, this profession has at least become a personalized profession with the opportunity to get a high salary.

　　In addition, game sparring may also become the longest career in the e-sports circle. On the platform of game sparring in Wang Sicong, the average age of game gods is 23.27, and the oldest is 39. Compared with the trend of younger e-sports anchors, it seems that the age requirements of players for e-sports sparring instructors are not too harsh.

　　"Game sparring" also has official certification.

　　In 2019, the E-sports Branch of China Communication Industry Association issued the "Standards for E-sports Trainers in China" after the profession of game sparring was sought after by more and more people. This means that "e-sports sparring instructor" has been officially recognized as a professional skill, and game sparring has officially become a nationally recognized and controlled profession.

　　In this document, e-sports sparring instructors are divided into three levels: primary, intermediate and advanced. In order to obtain vocational skill certification, they need to pass theoretical knowledge examination and skill assessment, and both of them are qualified with a score of 60 (100%) or above.

　　E-sports sparring instructor certification platform.

　　Although e-sports sparring teachers have the qualification certification standards, some game sparring platforms do not require their sparring gods to pass the skill certification assessment. It’s just that the price of certified game play is higher than that of ordinary play.

　　It is reported that the total number of registered e-sports sparring instructors (including the names predicted by various channels) is about 50,000, and the number of people who have passed the examination is about 2,500-3,000. Although the above data has not been confirmed by official channels, it can at least help people to establish a basic judgment, that is, it may not be as easy as expected to get a paper certificate, and excellent game sparring is only a few people.

　　The sadness behind glamour

　　It is undeniable that there are "big coffees" in this industry that can earn 100,000 yuan a month by playing games with people, but these people are only rare in the circle. In contrast, many ordinary game sparring partners are far less capital and confidence than Wang Sicong’s asking price of 666 yuan an hour.

　　On a game sparring platform, a large number of sparring instructors have never received a single business since they settled in. In the highly competitive industry, an excellent sparring instructor not only has superb game skills, but also shows good comprehensive quality in emotional intelligence and communication skills. As a full-time sparring instructor, playing games may soon become a repetitive, boring and mechanical labor.

　　Data Map: On August 23, 2019, the 2019 Hong Kong Computer Communication Festival opened at the Hong Kong Convention and Exhibition Center. The theme of this year’s Computer Festival is "Technology improves life and creates infinite possibilities", and many well-known brands in the information industry participated. The picture shows many e-sports players participating in the e-sports competition. China News Service reporter Zhang Yushe

　　In the face of mixed players, some game sparring will also encounter "bosses" with impure purposes and bad luck. In the final analysis, e-sports sparring instructor is also a kind of service industry, and the demand for social interaction has been running through it. When the appearance and voice have also become factors for players to consider when placing orders, higher requirements have been put forward for the supervision of the industry.

　　As a brand-new profession, the development of "e-sports sparring instructor" is undoubtedly still in its infancy. Behind it, it is not as glamorous as imagined. Some people earn millions a year, while others get nothing. Even if you are full of love for e-sports, the way of a sparring teacher is by no means that you can go.