Wang Jianlin: Wanda Income Will Reach 600 Billion To 700 Billion In 2020.

Wang Jianlin said, in Guangzhou, Wanda has landed 5 Wanda Plaza, and Guangzhou Wanda city has invested about 50 billion of this project.

He disclosed that at present, he has made an intention with two other districts in Guangzhou, and will add two Wanda Plaza in Guangzhou next year. "The total investment of these 8 projects has exceeded 100 billion, and these investments will be put in place in the next three to four years."

Guangzhou Wanda city is also the eighth cultural tourism project of Wanda investment.

The Wanda city model, which is highly regarded, represents the direction of Wanda's development and operation to the pformation and upgrading of Wen's consumption.

Wang Jianlin said that Wanda should pform into high-tech and consumer enterprises, which is the future of Wanda.

"We have a calculation that Disney travel around the world in 2013 is about 130 million, and by 2020, Disney's annual tourist trips can reach 160 million, while Wanda Wen brigade plans to open about 15 Wanda cities in 2020, and 200 million of the annual tourist trips will surpass Disney."

Wang Jianlin said that the cultural tourism industry will become the new growth point of Wanda in the future.

Wang Jianlin shared his latest blueprint for Wanda Group in 2020.

At that time, Wanda's sales revenue will reach 600 billion -7000 billion, of which the tourism industry revenue will account for more than 50%, and the real estate sales revenue will drop to less than 50%. Wanda will no longer be a real estate company, but a multinational consumer enterprise, and the income from overseas business will also exceed 20%.

In terms of specific formats, Wanda Plaza has now opened to 100th, and Wanda city has moved to eighth projects.

Over the next five or six years,

There will be more than 200, and cultural tourism city may expand to 10-15 in China, and this format may also expand abroad.

So grand

We need plenty of financial support.

Wanda Commercial Real Estate prospectus shows that as at the end of June 2014, Wanda's interest bearing banks and other loans increased by 51 billion 800 million yuan to 218 billion 700 million yuan.

According to public information, as of now, Wanda tourism industry plans to invest more than 300 billion, where will these funds come from? How will Wanda guarantee the normal operation of the capital chain?

Wang Jianlin explained that with Guangzhou Wanda city as an example, 50 billion of investment was not achieved overnight, but 5 years.

"Buying land is about 8 billion -100 billion, and then there will be a part of bank financing, and by the end of this year to the beginning of next year, some sales of residential, commercial and office buildings will be launched.

Inadvertently revealed the secret of Wanda's play: at present, property sales support commercial and cultural tourism projects, and spend the breeding period.

IPO financing in Hong Kong is also significant for Wanda.

According to the investment bankers in Hongkong, Wanda IPO can raise up to 6 billion US dollars, and its market value is about 300 billion yuan after the listing.

Listing will help Wanda to improve its financial position and reduce its financial costs.

Wang Jianlin said that in all the businesses of Wanda, except for the electricity supplier, other businesses can make money when they are launched.

Wanda Commercial Real Estate prospectus shows that in 2013, Wanda's net profit after tax was 24 billion 800 million yuan (of which the fair value of investment property increased to 15 billion 400 million yuan), exceeding that of China overseas and Vanke.