Wang Jianlin: Wanda To Determine Its Strategic Direction For Its Pformation

On the one hand, Wanda is enriching new people on the one hand, and adjusting jobs for those who are incompetent or unsuited to both sides. This is very correct and can not be interpreted as having any impact on the company.

The following is a speech by Wang Jianlin:

I talked about Wanda's pformation in a recent speech, so today I will not repeat those contents in the forum.

Today I will focus on how Wanda achieves pformation, or how Wanda can pform itself.

Now pformation is a very popular word. From the national level, the emphasis on industrial restructuring is from the enterprise level and from the micro perspective.

The term "pformation" has been put forward for nearly 20 years, when it was called for readjustment of the industrial structure.

I think the whole industrial structure of the country has not yet achieved a real structural pformation, including enterprises.

We are all thinking about why we need to pform?

Transformation is for the future, and enterprises must pursue long-term stability.

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If an enterprise can survive in ten or twenty years, it will be a successful pformation.

Wanda put forward the goal of pformation - "the 2211 strategy" after putting forward the pformation several years ago.

By 2020, we will achieve 200 billion US dollars in assets, 200 billion US dollars in market capitalization, 100 billion US dollars in revenue and 10 billion US dollars in profits.

This is our long-term goal, and the income from real estate is reduced to less than 30%.

Now it seems that our goal is entirely possible, not to achieve ahead of schedule, but to achieve more thorough results.

We hope that Wanda is no longer a real estate company.

I am a "godfather of commercial real estate". Actually, the godfather does not deserve it, but the professor should dare because I am the first person to do this industry.

I hope that in three to five years, we will remove the "real estate" and become a commercial development company or a commercial service company. We are working hard for this.

Now that Wanda has been able to truly pform and start moving in the right direction, the most important issue is to determine the right strategic pformation direction.

The four industries are characterized by synergy, and there is no blind crossing between them.

Why do we need to do these things? The reason why business should be light assets is to develop faster.

With the development of Commerce, there will be added value on this platform, and then the theaters and children's entertainment will develop faster.

As a result, the number of users will increase, and the increase in the number of users will bring more value-added to Internet Finance and e-commerce companies.

Therefore, these four industries are built around a platform, and the strategic direction is determined correctly, so the way is relatively smooth.