DAVOS, Switzerland,
Jan. 22, 2017 /PRNewswire/ -- As the
media and netizen are continuously stunned by the singing skills of
China's richest man, this week at
the World Economic Forum (WEF), Wang Jianlin, Chairman of Dalian
Wanda Group, quickly shifted his role from "showman" to
"businessman", bringing extra emphasis to his mission to turn the
real estate giant into a film, sports and tourism-led conglomerate
and expand its reach across the globe.
Wang Jianlin, the outspoken boss of Wanda Group, is known on
Chinese social media for setting "small, achievable" goals. In
2016, Wang's major goal was to flip The Group's focus from real
estate to a few key services sectors with a new and growing
emphasis on entertainment, tourism and sports. The results were
spectacular, with a total increase in assets of 21.4 percent in
2016, according to The Group's annual report released on January
14th.
To march The Group's transition,
Wang even sang four songs at the
annual gala, ranging from rock songs to Chinese local opera. Wang's
performance was widely covered by global media and was considered
as a smart PR move, even
though media believe that it's always a risk for an executive to do
something uncharacteristic in the public. The videos of Wang
singing have gone beyond viral, reaching more than 1.5 billion
people globally so far, among which more than 1/3 are outside
of China.
It seems that the chairman's
personal hobby not only shapes The Group's corporate culture --
Wanda Group holds a company-wide singing competition "The Voice of
Wanda" annually for its employees -- but also drives The Group's strategy, as demonstrated
in the annual report. At the WEF, Wang expressed the reason behind
this transition, "Real state is a money spinner, but it cannot be
sustainable and is not stable.
Therefore, we'll need to transit.
People with money will go for health and entertainment.
Entertainment is something that makes you happy, and sports are
something that makes you healthy. Therefore, I'm coming to sports
and entertainment."
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SOURCE Wanda Group