Wang: 3 years to find a profit model

Absrtact: Yesterday, there is news that Wanda will be in Baidu, Tencent set up a new E-commerce company, the total investment of 5 billion yuan (about 810 million U.S. dollars), including Wanda Holding 70%, Baidu and Tencent each holding 15% per cent. Subsequently, the reporter to Wanda Group Electric Company related responsible person

Yesterday, there is news that Wanda will be in Baidu, Tencent set up a new E-commerce company, the total investment of 5 billion yuan (about 810 million U.S. dollars), including Wanda Holding 70%, Baidu and Tencent each holding 15% per cent. Subsequently, the reporter to Wanda Group Electric Company related responsible person to verify, the person in charge did not deny, and said the details will be released on September 29.

Wang: 3 years to find a profit model

In fact, the news is not groundless. Not long ago, Wanda Group chairman Wang in half a year work summary, has the further development of the electrical business to describe the general outline: "We have decided to unite China's largest number of electric companies to set up Wanda Electric business, 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 several enterprises, there are many companies queued, willing to pay high stakes, but we decided to first Wanda Electric business to do it again. Wang also said that Wanda Electric business is the core work of 3 years or so time to find a profit model, even if not profitable, but also to find a profit direction.

According to the Wanda Group's internal mathematical model estimates, Wanda this year offline consumer crowd will break 1.5 billion people, by 2020, this number will exceed 5 billion.

Wanda Electric Business has not been on line for more than a year

Wang years ago has made up his mind to "net", put forward the Wanda electric business to go and the existing electric business model completely different way, and at the same time to hit a huge pay high pay to dig horns of all kinds of electrical business talent. Has recruited Alibaba, Jiapin network, such as a number of senior executives to join the formation of luxury lineup, and launched a network of electronic business platform million. However, in the online operation more than a year later, has not formed a climate, a number of early to join Wanda's electric executives also give up the high salaries, the separation.

Some insiders believe that the use of traditional enterprise management and operational thinking to do electricity business, Wanda Electric business has been operating for two years the slightest improvement in the key reasons. According to the reporter understand, in the first half of this year, Wang has personally participated in the supervision of Wanda Electric business, requiring all senior executives must have internet thinking, electric business thinking, and to give adequate space, "let the electric business development."