Wanda Is A Great And Great Company.

At present, no 500 companies in the world are fully developed through their own development. There must be mergers and acquisitions to achieve such a large scale.

Through mergers and acquisitions, we can achieve structural pformation and structural adjustment. Why?

Because mergers and acquisitions also have a role, that is, when you determine your pformation goals and determine what you want to do, you can speed up the pformation goals through mergers and acquisitions.

For example, the cultural industry, I set myself the goal is, by 2020, the Wanda line to account for 1/5 of the global market share.

However, it is very difficult to achieve this goal by our own strength.

In 2020, we had a projection that the world movie market could exceed $40 billion, and then China would have $about 10000000000.

Then, if we take up 20% of the total share, it will be impossible to take over the Chinese market.

How can we achieve this goal? If the cultural industry is bigger, it will mean a decline in the proportion of real estate, and now we are accelerating the development of real estate.

So we need M & A to promote this goal, for example, we bought AMC before, and recently acquired the largest cinema in Australia.

Mergers and acquisitions have made us realize the pformation, because our cultural industry accounts for a larger share through mergers and acquisitions.

In addition, we have made films and TV programs.

It includes production, distribution and theatrical projection.

It is worth mentioning that we also do sports holding.

The sports industry is fresh for Wanda. How do we do the sports industry?

First of all, we bought Ying Fang sports.

Why should we buy it?

Because this company is a resource enterprise.

What are resource enterprises? For example, we are bidding for the 2020 Winter Olympic Games. There are seven confederations in the Winter Olympic Games. The seven world sports federations' copyright and marketing rights are all mastered by this company. That is to say, the Winter Olympic Games and winter games we want to see must be purchased through this company.

At the same time, the company also has the broadcasting rights of the world cup and so on.

Therefore, when we buy it, we occupy the upper reaches of the sports industry.

As far as the size of the company is concerned, if it is allowed to grow at an annual rate of 10% per year in the US and Europe, its prospects and values will not be very great, and when we buy it, it will take root in China. For example, Ying Fang sports is now running a big sports item of ours.

This year, Wanda will buy at least three sports companies.

These mergers and acquisitions were completed this year.

In sports industry, it is the number one in the world.

In addition, the sports companies that I require to acquire sports can be landed in China, and these companies should master the rights or marketing rights of the sport in the world.

Therefore, one way to achieve pformation is M & A.

Of course, not all companies can achieve pformation through mergers and acquisitions. One of the biggest preconditions is to have enough capital and sufficient capital to acquire.

What measures will we take to achieve the successful pformation of Wanda in 2020? Now it seems that we have great determination, courage and strong execution.

I have a judgement that by 2020, Wanda will be realized by 2018.

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At that time, Wanda had no real estate sales revenue, completely removed the traces of real estate, and became a high-tech service oriented enterprise.

Why are high-tech service enterprises? Because the cultural industry we do, such as show, movie paradise and theme park, are all high-tech and service oriented.

If our recent contracts were successfully signed, Wanda could achieve a complete pformation than we anticipated three years ahead of 2020.

The goal I set for Wanda is that we must resolutely implement the "2211 strategy" and rank the top thirty in the world at least in 2020.

Wanda should become a company not only excellent but also great, so as to win glory for Chinese enterprises, especially for China's private enterprises, so as to realize personal life value.