Entertainment: Starting With A Net Worth Of One Trillion, I Chose To Lie Flat

There is a reason why Chen Mo said that to Wang Sicong.

After all, he knew very well that despite the rapid development of Wanda Group, it would be in trouble within ten years.

The reason why such a result occurs is actually inevitable.

From the investment field, whether a company has a "deep and wide moat" is an important consideration in choosing investment targets.

This is true for Chen Mo, and so is Buffett.

The so-called moat, to put it bluntly, refers to external conditions such as brand, market share, technological innovation, monopoly, and cost advantage.

However, a moat is often not enough: brand and market share prevent “friends”, monopoly or low-cost advantages prevent new players, and innovation prevents being subverted by innovation.

The moat of Nokia mobile phones is deep and wide, but the defense is not comprehensive, so that it eventually goes bankrupt.

In fact, the best moat is when a company is needed by consumers, communities and even the country.

For example, how can a company that directly or indirectly creates 10 million jobs be shut down so easily?

Isn't this the case in the workplace? "We can't live without the boss" gives workers more peace of mind than "the boss is my brother-in-law".

But in Chen Mo's eyes, Wanda Group is not the kind of indispensable enterprise.

If I remember correctly, Wanda's liabilities will reach nearly 600 billion yuan in a few years!

Among these funds, the total amount of interest-bearing loans is nearly 280 billion, the advance receipts are 150 billion, and the total accounts payable and other payables are 111 billion.

Burdened by huge debts, the net cash flow from operating activities in the first half of the year was only less than 20 billion.

If financial institutions provide full support, it will be a near miss, otherwise it would be unthinkable.

The knowledge here is very profound. The so-called capital commitment refers to the money that needs to be invested to complete the project that has been started.

In Chen Mo's memory, Wanda Group only has 20 projects under construction disclosed in its financial report, which requires an investment of 260 billion, otherwise the projects will be unfinished.

In fact, at that time, Wanda Group's culture, film and television, sports, and financial sectors were also very large in size. The total revenue of these four sectors exceeded 150 billion.

Moreover, Wanda is also a pioneer in overseas investment.

According to media estimates, the total amount of overseas investment is about 250 billion.

Due to various problems in the selection of risk control, Wanda's overseas investment risk exposure is more than 100 billion.

If only Wanda Business were to collapse, financial institutions would immediately have 280 billion in bad debts, hundreds of construction companies would be in dire straits, hundreds of thousands of construction workers would be unemployed, countless suppliers would come to collect debts, and countless buyers would Every country is forced to embark on the path of rights protection... After the above direct impact is amplified by the domino effect, it is very likely to trigger a national financial crisis.

Everyone feels that such a Wanda Group should be too big to fail.

but.

With the changes in the above policies, Wanda Group is in trouble.

In Chen Mo’s impression, Wang Jianlin transferred cultural tourism projects and Wanda Hotel to Sunac for a total price of more than 600 billion.

After the transaction was completed, Wanda Commercial lost more than 80% of its land bank and the hotel was almost completely wiped out.

Soon after, Wanda successively reduced its asset holdings: it gave up the Changbai Mountain project to Sun Xishuang and several Wanda Plazas to Zhu Mengyi.

According to rough estimates, a series of asset sales reduced Wanda Group's liabilities and capital commitments by more than 200 billion.

At the same time, Wanyin's six major companies reduced their holdings of overseas assets.

Within half a year, Wanda Group’s domestic risk exposure has been reduced by at least one-quarter, and its overseas investment risk exposure has been reduced by three-quarters. This process continues.

In the "2017 Work Summary", Wang Jianlin announced the establishment of a "Business Management Group" and a "Real Estate Group" respectively.

The former is a "pure commercial property owner and operator"

The latter is responsible for developing heavy assets such as Wanda Plaza, but has "a very low debt limit. It does not seek to grow bigger, but mainly focuses on profits."

The commercial management group is asset-light, while the real estate group is small but beautiful. The "new million big" risk outlined by Wang Jianlin is very low.

But in Chen Mo's view, everything Wang Jianlin did was actually cutting off the strength of a strong man.

Because Lao Wang probably realized that real estate companies like Wanda Group are not indispensable enterprises to China.

The so-called indispensability means that the country, society, and consumers need you, and your existence cannot be replaced.

The indispensability of Internet companies also has a lot to do with the runway. For example, the gaming business is not worth discussing.

so.

Whether it is Penguin or Ali, future generations have chosen to shoulder social responsibilities honestly.

Because they know it very well.

If Penguin falls, countless applications such as DingTalk and Yixin will quickly fill the gap left by WeChat.

After a few weeks of adaptation, hundreds of millions of users will reunite on a lucky social platform.

If Baidu fails, Penguin, Alibaba, Sogou, and Qihoo will be able to fill the gap left by Baidu search, but it will take several counties.

If Alibaba fails, the combined transaction amount of JD.com, Suning, Vipshop, and Jumei Youpin will be less than half of Alibaba’s e-commerce platform, and they will not have a powerful financial platform like Alipay, but they can still take over the market left by Ma Xiaoyun. .

For pure Internet applications, the marginal cost of providing services to new customers is very low.

There are 10 million users this month and 100 million users next month. As long as the underlying architecture is reasonable and broadband and server costs are increased, it will be fine.

certainly.

Except for Chen Mo, no one is aware of this problem yet.

In the eyes of most people, today's real estate industry is booming, and construction is going on all over the country. The bosses of real estate companies are just like those coal bosses in the past, with endless money.

Little did I know.

Most of that money is actually bank loans.

Wang Jianlin is a nice person, and at least Chen Mo has a good impression of him. In addition, Wang Sicong is hanging out with him now and is performing very well, so Chen Mo is willing to support him once.

As for how far they can go in the future, it depends on the luck of the Jiang family and his son.

There is no need for Chen Mo to deal with Meituan’s affairs from now on, Wang Sicong will follow up on the matter.

At the same time, he also contacted other group buying websites, such as Ele.me and Dianping. Chen Mo meant that Wang Sicong could invest appropriately, but he had to ask for instructions from himself.

Wang Sicong naturally has no objections. He admires Chen Mo now.

Moreover, Chen Mo has set a lofty goal and ideal for him. Wang Sicong is now very motivated and wishes Chen Mo would let him do more things.

Chen Mo himself came to Shenghai from Yanjing.

He agreed to go on a date with Reba, so naturally he couldn't break the date.

Chen Mo has always been a very trustworthy person.

Asking the bodyguards to stay away from him, Chen Mo went to the flower shop on the roadside, bought a bouquet of flowers, and then came to the show.

Talk about it.

After all, it is the top professional film and television school in the country, and the most indispensable thing for filming is handsome guys and beauties. As Chen Mo was walking on the road, he had already seen several beauties passing by.

certainly.

His handsome face also attracted the attention of many people.

"Who is this?"

"It doesn't seem like he's from our school."

"Brother, no matter how old you are, you can tell that you are already working, okay?

"What's going on? You even brought a bouquet of flowers. Are you here to visit the teacher?"

Behind Chen Mo, many people are talking about it.

0

Everyone is curious about who he is and what he is here to do.

Chen Mo was not in a hurry. He walked downstairs to Reba's dormitory and sent her a message.

The address was told to him by Reba before. Chen Mo confirmed that he had not gone wrong.

then.

More than half an hour later, Reba finally came downstairs.

"I'm sorry, are you in a hurry?"

Reba said to Chen Mo apologetically.

Then, she saw the bouquet of flowers.

"Oh, there are still flowers."

It can be seen that she has a feeling of surprise.

Chen Mo smiled slightly: "I gave it to you to celebrate that you finally signed the contract. I feel that you are beautiful again."

Women are actually like this. From a young age, they like to hear others say they are beautiful, not to mention the fact that there are flowers as a backdrop. Reba couldn't stop smiling on her face.

"Let's go."

Seeing people around her stopping to look here from time to time, Reba quickly said to Chen Mo.

The combination of handsome men and beautiful women is actually rare even on today's Shanghai Opera campus.

Neither Reba nor Chen Mo have any interest in staying here and being admired as monkeys in the zoo.

The two people quickly left the campus.

"Thank you, Brother Chen."

Reba said to Chen Mo happily.

"It's alright."

Chen Mo smiled, nodded slightly and said, "I'm happy for you too."

Reba smiled and asked Chen Mo: "Brother Chen, where are we going to play?"

"You decide."

Chen Mo thought for a while and said seriously to Reba: "No matter where you are going today, I will accompany you.

"real?"

Reba was a little surprised.

Chen Mo smiled, nodded and said: "Really, absolutely true!"

"That's great!"

Reba was so happy.

soon.

She took Chen Mo and set off.

Talk about it.

Although she is a freshman in the theater, she does not know as much about Shenghai as Chen Mo.

Reba usually asks what she wants to see, Chen Mo gives the answer, and then takes her to the doctor.

From Jinling Road to the Bund, from Yanjia Garden to the Huangpu River, the footprints of these two people have been left everywhere in Shenghai.

It wasn't until after 11 o'clock in the evening that Chen Mo and Reba walked out of the restaurant.

This is a well-known Western restaurant in Shenghai. If Chen Mo hadn't known the owner here, there would have been no seats at all if he came over temporarily.

"Thank you, Brother Chen."

Reba's cheeks were flushed and she said to Chen Mo sincerely.

"Why are you thanking me?"

Chen Mo pretended to be surprised and asked: "Are we still so polite to each other?"

"Of course."

Reba smiled shyly and said, "If you hadn't accompanied me, I definitely wouldn't have known so many interesting places."

Talking.

She looked at Chen Mo and whispered: "Um, can you close your eyes?"

"ah?"

Chen Mo was stunned.

But after thinking about it, she still obeyed Reba's instructions and closed her eyes.

The next second.

He felt as if he had been kissed by someone.

Just so gently.

Then, Reba’s murmur came to my ears: “This is my first kiss!

Damn it!

!!!!

Chen Mo was stunned immediately.

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