Wanda will unite with China's largest electric dealers to set up Wanda Electric, the first investment 5 billion yuan

Absrtact: July 16 News, Wanda chairman Wang recently in 2014 Wanda Group semi-annual working meeting to make the latest report of the full text, the report revealed that Wanda will unite China's largest number of electric dealers set up Wanda, the initial investment of 5 billion yuan. Now there are some companies

July 16 News, Wanda chairman Wang recently in 2014 Wanda Group semi-annual working meeting to make the latest report of the full text, the report revealed that Wanda will unite China's largest number of electric dealers set up Wanda, the initial investment of 5 billion yuan.

"Now there are some companies willing to invest, in addition to the determination of these several enterprises, there are many companies queued up, willing to pay high stakes, but Wanda decided to do the Wanda Electric business first." "According to Wang's plan, Wanda Electric Business's core work is to use 3 years or so time to find a profit model, even if not profitable, but also to see the direction of profitability."

To this end, Wang said, Wanda will be all online resources to the electric Company. This is not a requirement, but a discipline, in the future will not allow the system to engage in separate electricity dealers, resources to concentrate, all online resources are unified to the electric Company. In addition, from their own to the president in charge of vice president, we must not use Wanda traditional management thinking of the electricity business, can not use the real estate thinking mode to think about the development of electric business, to give the power of innovation, decision-making, financial autonomy, will soon after the management system set out.

The following is the report of the President of Wanda Wang (part of the content):

Full development of electric Company

1, all online resources to the electric Company. This is not a requirement, but a discipline, in the future will not allow the system to engage in separate electricity dealers, resources to concentrate, all online resources are unified to the electric Company. Seven or eight years ago, the group issued documents, do not allow the system with the Bank issued joint bank card, now look at the basic control. Why did you do that? I was thinking that when Wanda was strong enough, or if we invested in a bank, we could have the bank and US issue a unified card.

I want to make a little request to the electric company, now must ponder innovates a more convenient, quicker, more useful "the card". What is useful, is better than using other cards, this card in the National Wanda Plaza, hotels, resorts consumption, home purchase can be universal, consumption and discounts, points, lottery, value-added services, etc., which in itself is a big business. In a few years, Wanda has nearly 200家万 Plaza, more than 100 hotels, plus 8 to 10 open resorts, billions of passengers a year, these consumers are our customers, can send hundreds of millions of cards, which is a huge resource and advantages.

2, see Wanda Electric Dealer's physical image. As soon as possible to the Wanda electric business to the market, so that we can see Wanda Electrical quotient of the physical image. Now a said Taobao, we all know that is the internet to sell things, a say Tencent know micro-letter, a said Baidu is a search, Wanda electric business to be in a two years or so, let everyone say Wanda Electric Quotient, immediately Lenovo is the real O2O. Wanda E-commerce Model of the physical image to be shown as soon as possible, to answer Wanda Electric business is what.

3, find a profit model. Wanda does everything in the end to pursue profit and not to look good for fame and face. If the electric business is not profitable for 10 years and eight years, then Wanda may not be doing it. Although some people say that losses can also be listed, such as Facebook losses are listed, but that is a special case, Wanda Electric trader must be profitable.

We have decided to unite China's largest number of electric dealers to set up Wanda Electric, they have to participate in the initial investment of 5 billion yuan. Now some companies are willing to invest, in addition to the determination of these several enterprises, there are many companies queued up, willing to pay high stakes, but we decided to first Wanda Electric business to do it again.

Wanda Electric Business is the core work of 3 years or so time to find a profit model, even if not profitable, but also let me see the direction of profitability. Wanda this year's offline consumer crowd will break 1.5 billion people, mathematical model calculation, by 2020, Wanda offline consumer crowd will be more than 5 billion people, if each year in Wanda consumption 12 times, is more than 400 million. The 2020 Chinese urban population, by 800 million, means that half of China's urban population is Wanda's consumers. Such a large consumer how to turn into profit, this is Wanda electric business to seriously think.

4, let the electric business development. From me to the president in charge of vice president, we must not use Wanda traditional management thinking of the electricity business, can not use the real estate thinking mode to think about the development of electric business, to give the power of innovation, decision-making, financial autonomy, will soon after the management system set out. But letting go does not mean laissez-faire, but strong oversight.

The electric dealer must have the examination target, including the year goal, the half year goal, the group according to the goal appraisal, if one or two times complete the goal, must adjust the idea; I spent so long talking about the electricity quotient, and last year's annual meeting required all senior executives to have internet thinking, electrical business thinking, I can see the Wanda electric business expectations. By 2020, Wanda will form the five business sectors of real estate, cultural tourism, finance, retailing, and electricity merchants.

At present, Wanda Real estate is likely to become the world's largest this year, polite point is one of the biggest, next year is undoubtedly the world's largest, cultural tourism can quickly achieve world-class, Wanda Finance can do well, Wanda Retail is not only Wanda department store, in the future not ruled out through mergers and acquisitions. The first 4 plates are basically reliable, now look at the electricity quotient, done, Wanda is 5 Pillar industries.

Incorporation of a financial group

Wanda has long been involved in financial planning, the establishment of a financial group is Wanda to achieve a new transformation requirements, but also to build a new pillar industry and new profit growth.

1, the establishment of financial holding company. It is planned to set up a Wanda Financial group in the three quarter of this year, with financial holding companies responsible for all the holdings, equity and financial investments in the future. Wanda registered to set up a Bai investment company, is declaring the establishment of a registered capital of 30 billion finance companies, Wanda also plans to invest in other financial sectors. At the start of the second half of this year, Wanda will embark on a step-by-step financial operation to invest in several financial sectors. In order to do this, Wanda began to make a plan for the fund last year.

2. Find the right person. The financial industry, like other industries, must find the right people. Wanda do commercial real estate from the transformation of residential property, just started to find someone, people found, things can be done, and later transformation to do cultural tourism, but also first to find someone. Now Wanda is engaged in the financial industry, the most important thing is to find someone, not only found people, but also to find the right person. This is what I always say, "People are everything, people are the cause." Whether to do well the financial industry, the key is not approval, not capital, but talent. As long as there is a suitable talent, sufficient funds, both domestic and foreign opportunities, and even foreign opportunities than domestic. Wanda is in contact with foreign financial institutions, and in 1-2 years, Wanda will have big moves in the overseas financial industry.

Actively promote the company to go public

1, to promote the major companies listed. Wanda now has 2 listed companies overseas, but none of Wanda's major companies, and this year's goal is to push 1 to 2 major companies to go public. Why did Wanda go public? As some analysis articles say, the listing for Wanda so there are 500 billion assets, more than 100 in the construction of Wanda Plaza Enterprises, the cash can not play a major role. Our listing is mainly to consider Wanda's hundred years of inheritance, how to become a transparent company? How to strengthen supervision? How to make your company safer? Wanda listed the goal, first of all to let everyone see Wanda Transparent, we are a kind of enterprise. Next let everybody see Wanda's outstanding, through our financial model, income, cost can see clearly. More importantly, let the capital market see Wanda's growth, Wanda's industry is basically high growth.

2, the establishment of internal organizations. In order to achieve the goal of listing, to ensure consistent action, the group decided to set up a specialized organization within the enterprise, Dingbonsi for the team leader, Wangguiya for the deputy team leader, QI, Zhang Lin, etc. for the team, involved in which departments, which departments will go all out, can not blame, not too troublesome.