Wang Jianlin and Wang Sicong *** founded a new company together. What did Wang Sicong experience on his entrepreneurial journey?
Wang Jianlin once aspired to be the richest man in China with his real estate, but Wang Jianlin's life has not been easy recently. It is said that he has sold off all his overseas real estate and owes as much as 400 billion yuan in debt. But a skinny camel is bigger than a horse. Wang Jianlin also has a son Wang Sicong who is even more hype-y than him. He has many nicknames, including Principal Wang, the Discipline Inspection Commission of the Entertainment Industry, and the National Husband, etc. In the most prosperous year of 2009, Wang Jianlin gave his son 500 million in trial and error capital, allowing him to invest and find a way out.
On the surface, Wang Sicong seems not to be doing his job, and he enjoys doing his side job more than his main job, but in fact, he inherited his business thinking and business brain from his father, and he has a tendency to outperform others. With 500 million in capital in hand, Wang Sicong had doubled the money 12 times by 2017, earning 6 billion in 8 years. Wang Sicong, who seems to be constantly changing girlfriends and constantly criticizing the entertainment industry, does have the strongest brain in business, as well as both EQ and IQ. After Wang Sicong received the money in 2009, he founded Pusi Investment Company in Beijing. The company has invested in 32 companies so far. Investment targets are mainly concentrated in popular industries such as games, film and television, and the Internet.
The well-known 360, Dianping, and Renrenche all have investments from Wang Sicong’s investment company. Wang Sicong was also ranked 37th among the top 50 investors in China in 2017 because of his smart investments. Wang Sichaocong was only 29 years old at the time and was the youngest on the list. The field of video game competition is where Wang Sicong invests the most and brings him the most benefits. Wang Sicong has invested in this field and has invested in the entire production chain from game development to content and platform competition to the development and production of game peripherals. He acquired the CCM team, invested in web games, developed Forgame Holdings, invested in Mengchuang Tiandi, the parent company of Le Dou Games, and the e-sports content platform Feng Mu Lei, and later invested in a mobile e-sports game development company.
He also spent money to organize many grand competitions in the e-sports industry. It is precisely because Wang Sicong has invested a large amount of capital into the e-sports field that the career settings in this industry have been gradually improved and the industry system has been gradually established. Wang Sicong's contribution to this industry is huge. Wang Sicong is very good at self-promotion. In 2015, he overcame Internet celebrity PAPI Jiang and others to become the number one Internet celebrity on the Internet. It can be said that he brought his own traffic. He began to invest heavily in the film and television entertainment industry. In 2015, he established Banana Pictures in Shanghai, which has now been involved in many fields such as games, music, film and television, and sports. Banana Films has been very active recently. It has signed many Korean artists and established a director funding program to vigorously develop commercial films. Wang Sicong's label as an Internet celebrity and principal is gradually fading away, and his true nature as a businessman is gradually revealed.