标签： 南京夜生活

　　The 2022 Beijing Winter Olympics is a grand event attracting international attention. The hosting of this world-class event is an important event in the rise of China, and it is also an important platform for China to shape its national image and build its global discourse power. And the Winter Olympics and the traditional festivals in China — — The meeting of the Spring Festival represents the collision between the Olympic spirit and the traditional culture of China, and it is an excellent opportunity to tell the story of China and show the culture of China. Ice and snow competitions and winter festivals have been rooted in the lives of Chinese children in various ways since ancient times. During the Spring Festival, CGTN, together with the Chinese-foreign Cultural Exchange Center of the Ministry of Culture and Tourism and Tencent WeChat, jointly launched a series of live broadcasts and short videos of "Ice and Snow China" to convey China’s ice and snow spirit from an international perspective, vividly show China’s interesting traditional ice and snow sports and folk culture to the world, and add color to the upcoming Winter Olympics.

　　Taking ice and snow competition and winter folk customs as the main reference, the program selected three locations with regional characteristics, such as Altay in Xinjiang, Changbai Mountain in Jilin and Shahu Lake in Ningxia, as shooting locations, and added multi-dimensional "ice and snow expression" to the program content based on different angles, different national characteristics and different winter themes. It is worth mentioning that, in form, the series of "Ice and Snow China" adopted the multi-media communication means of Chinese journalists’ hosting, foreign video creators’ experience, live broadcast+short video+topic interaction, and was launched on WeChat video number and several overseas communication platforms. This undoubtedly shows the new opportunities brought by new technologies and new media for external communication under the trend of global social media videoization.

　　Transformation form: live broadcast+short video to enhance the effect of external communication.

　　Compared with words, the visual symbolization of content production and communication can convey the content and meaning more vividly, eliminating the complicated process of "encoding and decoding" and the problem of information access, thus reducing the cultural discount in the middle of communication and reducing the communication error. The traditional presentation methods of video content in China are mostly documentaries and promotional videos, which are difficult to attract the attention of foreign audiences for a long time. Moreover, such works are mainly disseminated through the official publicity platform, and most of them adopt positive publicity and guidance, which makes it difficult for local people to gain a sense of participation and interaction. The emergence of new media forms such as short video and live broadcast has innovated the form of China’s external communication and promoted the improvement of communication effect.

　　During the Spring Festival, "Ice and Snow China" launched three long-term live broadcasts on the WeChat video number, showing different winter folk customs and ice and snow competitions in different cities through the introduction and experience of the host, foreign guests and local guests. As a real-time and interactive mode of communication, webcasting can show the real scenes of various places more comprehensively, vividly and realistically than traditional graphic forms, thus breaking away from geographical restrictions and enhancing the audience’s sense of presence. Through the live shooting of Jilin, Xinjiang, Ningxia and other ice and snow resorts, the visual symbols of China’s ice and snow culture are conveyed to the audience, and the unique image of China is truly, stereoscopically and comprehensively constructed. The experience link and food tasting link set in each program fully mobilized the audience’s vision and hearing, so that the audience could quickly enter the scene where the live broadcast was held, feel the local environment more from the main point of view, and then deeply understand China’s traditional culture and ice and snow sports.

　　At present, "mobility" has become one of the survival characteristics of users, from "flowing" in real scenes to temporarily receiving information in video platforms, and then quickly pulling away because of changes in real life scenes. At present, people’s attention is limited, and they are more inclined to "fast food" consumption than to contact complicated and abstruse information. The characteristics of short video "short, flat and fast" provide a new choice for the audience to accept information. After the 120-minute live broadcast, Snow China selected the highlights of each live broadcast, edited it into a short video version with Chinese and English subtitles, and launched it on WeChat video number and overseas platforms. The short video reproduces the core content of the long live broadcast in fragments, which is more in line with the current user’s video consumption habits and is convenient for users to digest video content.

　　Whether watching the live broadcast or enjoying the short video, the audience can interact and provide feedback through the real-time comments in the live broadcast or the comment function in the platform, and quickly establish an emotional connection with the video creator, which greatly mobilizes the user’s sense of participation and enthusiasm.

　　Enrich the main body: gather the power of folk communication and promote the publicity of the whole people.

　　The traditional subjects of external communication are authoritative government agencies and official media, which are too macro, single, distant and lack of pertinence, so it is difficult to break through cultural barriers. Therefore, in the external communication, folk power can not be ignored. The platform of WeChat video number enables ordinary people to participate in the creation of content, starting from more elements and rich angles, and spreading the cognition and experience different from the official Winter Olympics. At the same time, the new media technology has also built a platform for people from all over the world to interact and promote the dialogue between the public at home and abroad in an equal manner.

　　On the one hand, there are huge creator resources in the WeChat video platform. Through the integration and coordination of resources, users from different industries, nationalities and backgrounds can participate in the process of external communication. For example, in this live broadcast of Snow China, in addition to CGTN reporters, foreign videographers, local guides and ice sports enthusiasts also participated in the recording. From the perspective of foreigners, foreign guests experience China’s multi-local, multi-type and multi-ethnic winter folk customs and ice and snow sports, and share their true feelings. Foreigners in China decode Chinese culture with the language and thinking mode understood by overseas audiences, which weakens the cultural barrier caused by cultural background differences and values differences, and the information they convey is more likely to be trusted and accepted by foreign people. However, the content described by guides in Ningxia and Xinjiang has a more microscopic perspective, which is vivid and close to the official words, making it difficult for foreign audiences to resist when receiving information.

　　On the other hand, short video and live broadcast, as a relatively "friendly" media form, weaken the requirements for shooting technology, picture quality and editing methods. Users can produce works with the help of smart devices and the editing tools that come with the platform. Video number has lowered the threshold for users to participate, shifted the focus to the expression of personality and emotions, and widely stimulated the public’s enthusiasm for participation.

　　Deeply cultivate content: adapt to the characteristics of media and find common feelings.

　　Short video and live broadcast users mostly regard leisure and entertainment as their main use demand. Therefore, compared with serious hard news, interesting and story-telling soft news is more easily accepted by such users, which coincides with the concept of external communication. "Storytelling" is the main idea of China in Snow and Ice. For example, the live broadcast of Shahu Lake in Ningxia takes "breaking the ice" as the main line, from talking with Ningxia people on the icebreaker, to experiencing the icebreaking of Shahu Lake, to completing the "breaking the ice", stepping on Shahu Lake to experience the cricket competition on ice, and finally taking a cruise on Shahu Lake to taste Ningxia cuisine, forming a complete narrative chain with story, plot and logic, showing a three-dimensional and vivid image of China from tourism, sports, culture and diet.

　　In international communication, finding emotional commonalities is often better than appeal to reason’s. Short videos are short in duration, concise in narrative and large in presentation, which has advantages in emotional transmission. "Snow China" follows the principle of "the greatest common denominator" of global culture, and takes the public symbol "sports" as the entry point, which can resonate with overseas audiences and fit the tonality of the communication platform. In terms of communication content, Snow China combines the short video and live broadcast with human nature, with the theme of "Winter’s Love", "Winter’s Source" and "Winter’s Warmth" as the live broadcast, starting from the micro level, focusing on Chinese’s sports spirit and attitude towards life, and planning the communication content from the common meaning level of human beings, changing the introduction of the Beijing Winter Olympics itself into a review of the history of ice and snow sports in China, weakening the propaganda color in the communication content.

　　Expand channels: based on new media platforms, enhance communication influence.

　　As the communication platform of the series of "Snow China", WeChat video number provides a new position for the dissemination of related content. As a popular instant messaging software all over the world, WeChat has now formed a stable user base of over 1.2 billion. The low entry barrier of video content makes more users around the world become potential viewers of WeChat video number, which expands the channels for China culture to spread to the outside world and helps the media to gain greater autonomy and freedom in communication. The content distribution mechanism of WeChat video number platform makes high-quality content have the opportunity to reach the "recommendation" module of every WeChat user, thus expanding the audience. Some time ago, the Westlife Video Concert was watched by more than 27 million people. The Van Gogh Museum in the Netherlands once led tens of thousands of China audiences to appreciate the masterpieces of post-impressionist masters through live video. These cases can prove that WeChat video number, relying on the powerful content resources and huge user groups of WeChat, has outstanding advantages in realizing extensive connection and full coverage of content dissemination, and is a high-quality medium for cultural exchanges between China and the West.

　　In addition, a major feature of WeChat video number is that it is embedded in WeChat, developed around WeChat relationship chain, and has natural social attributes. On the one hand, users can achieve "acquaintance communication" by sharing content with friends and friends. On the other hand, users can see the content praised by their friends in the "Friends" module in the WeChat video number, and even the videos that have been published for a long time will get attention again because of this private domain push mechanism. This allows high-quality video content to be repeatedly exposed in a longer time span, maintaining the long tail heat and forming "fission propagation".

　　The attempt of "Snow China" opens the link between public domain traffic and private domain traffic, expands the communication channels, promotes the innovation of communication content and form, and provides a brand-new idea for the media to spread abroad. Nowadays, short videos and live broadcasts are gradually becoming important carriers of external communication. The media should actively pay attention to and adapt to the development of new technologies, and make innovations and adjustments in content according to the characteristics of different media forms and platforms, so as to truly, stereoscopically and comprehensively display and spread China’s traditional culture and help enhance the influence of Chinese culture. (Zhou Min Song Jing)

Special feature of 1905 film network For mainland audience fans, it is undoubtedly another opportunity to satisfy their feelings to really enter the cinema after a lapse of 28 years.

　

In the past 28 years, no matter Wong Kar-wai’s style, a series of classic movie lines, the excellent acting skills of the actors, the excellent cooperation of the music editing of photography art and even the memory of his brother Leslie Cheung, they are all repeated in the audience’s repeated appreciation and taste of the film.

　

Until today, its classic status has long been unshakable.

　

But in addition, what mysteries have been left to the audience by The True Story of Teddy Boy in the past 28 years, or what "unforgettable" memories have been left to the main creator, so here we might as well come one by one:

　

Where does "I don’t understand" come from?

　

Today, The True Story of Teddy Boy is recognized as a Chinese film classic, but in that year, it was a "mysterious" work that once made the whole film circle nervous. Let’s see what Wong Kar-wai’s "old enemy" Jing Wong said — —

　

Everyone is very nervous and constantly wants to know how the True Story of Teddy Boy is made, but everyone comes back with a different version. Even the camera crew who went to the Philippines at last can’t tell what he (Wong Kar-wai) took. It’s really mysterious, except that it overspent terribly … I heard that even my boss Deng Guangrong had never seen the whole movie before the first midnight show, and my boss Xiang Huasheng. But after the midnight show, the mystery remains unsolved, and everyone still doesn’t know the plot, because no one can understand it!

　

From this moment on, "I can’t understand" has officially become one of Wong Kar-wai’s film symbols in the past 28 years. After all, it was "given" to him by peers and audiences.

　

But in the past 28 years, this has never prevented "The True Story of Teddy Boy" from becoming a classic in the history of fame!

　

"Taiwan version" has another mystery?

　

When the film was released in Taiwan, there was another version. The main changes were concentrated in the last ten minutes. The plot content was basically the same, but the editing changed slightly and some fragments were added.

　

For example, Leslie Cheung and Andy Lau escaped from the Filipinos, and the Hong Kong version only fled to the roof of two people, while the Taiwan version had two more people jumping off the train:

　

Two people on the train dialogue, Hong Kong version from Leslie Cheung said "people will die every minute" dialogue, into his positive and negative shots with Andy Lau:

The stage version becomes a long shot of more than 1 minute:

　

At the back of the jungle empty mirror, Leslie Cheung’s voiceover monologue immediately appeared in the Hong Kong version, but it didn’t appear until the empty mirror was put in the Taiwan version for 30 seconds:

　

Next, the Hong Kong version is a long shot of Andy Lau, and Leslie Cheung is full of voiceovers. Finally, it is a shot that shows "Xu Zi died":

In the Taiwan version, Andy Lau’s shot becomes the middle shot, followed by Leslie Cheung’s long shot, and Andy Lau is full of voice-over. The Hong Kong version of "Xu Zi dies", while the Taiwan version becomes a dialogue between two people:

　

The Taiwanese version cut this section and turned it into a picture of two people. Xu Zi is still not dead, and the classic soundtrack is gone, and even the final train vision is different:

　

Then Carina Lau came to the Philippines, and the Hong Kong version showed her in the room, "inquiring about a person" with the landlord, apparently for Leslie Cheung:

　

Taiwan version is that she came to the hotel lobby to ask if there is a room, and she also met a girl who had previously accosted Andy Lau:

　

In a word, there is no essential change in the two editions of Hong Kong and Taiwan, but it reveals the secret of "One Scene and Two Faces" in The True Story of Teddy Boy.

　

The mystery of Hua zai’s identity

　

In all the exposed versions, there is no doubt that Andy Lau’s role in The True Story of Teddy Boy is a policeman, but in a trailer, there is a clip of him dressed as a "gangster" smoking and walking through the Kowloon walled city with a knife, which adds to the testimony that he originally played Teddy Boy — — "Huazai is a man from the city village. He was photographed gambling in a big stall. There was a woman wearing only bra underwear, dancing around with a boa constrictor, and he was scraping against the wall with a knife … …”

Later, when Liu Zhenwei filmed Wong Kar-wai’s useless story as Forever, the essence also continued Andy Lau’s "punk" style:

　

Where is Tony Leung Chiu Wai?

　

One version of The True Story of Teddy Boy was shown at the beginning, but it was put at the end of the film.

　

But before that, it almost didn’t fit into the feature film. The reason was that after Wong Kar-wai finished filming, he thought that the role of Tony Leung Chiu Wai was headless and uncapped, so he planned to use this scene as a propaganda picture. But Tan Jiaming, who was in charge of editing, said "put it directly at the end of the play" and specially found a piece of music to match it. Wong Kar-wai shouted "Good Right" to make this classic public.

　

Regrettably, Tony Leung Chiu Wai will have more emotional scenes with Maggie Cheung in the next episode, especially "bending in a very narrow and cramped space with few words. The two people looked at each other lazily and handed cups. The tension was very good."

　

But I didn’t expect that Tony Leung Chiu Wai spent three months filming in the city village before and after this story, but it was useless in the end, and the "tension" between him and Maggie Cheung didn’t last until after all, but at that time he was not Zhou Mu Yun, and she was not Su Lizhen when she was young.

　

Disappeared "sister"

　

In Wong Kar-wai’s films, characters have been "disappeared" more than once.

　

Such as Joey Wong, Guan Shuyi, Sun Jiajun, Roy Cheung, etc. Even if the scenes did not all disappear, they all reached the degree of "semi-disappearance". Except for Tony Leung Chiu Wai’s repeated three-month play, it basically disappeared, and later Kimura Takuya and Song Hye Kyo were also doomed. …

　

However, many people may not know that The True Story of Teddy Boy also has a completely disappeared role, that is, Margaret Lee Din Long, who plays Tony Leung Chiu Wai’s sister, seems to have a quiet reputation and has a great foundation — — Daughter of the great director Li Hanxiang.

　

According to Tony Leung Chiu Wai, the role itself is a prostitute. When my brother was young, he tricked him into working in a big casino, which made him a gambler. So if all of them were not deleted, it should be another wonderful performance.

　

Incidentally, it was the script written by Wong Kar-wai that Margaret Lee Din Long nominated for the Academy Award for the first time.

　

The midnight show of "terror"

　

In the past, Hong Kong films often had a premiere around 11 pm. After the main creator appeared, the audience would enter the cinema before 12 pm, or before the film was officially released, a group of audiences were randomly invited to the cinema at 12 pm one day (the specific title will not be disclosed in advance) to observe their comments and reactions. This is the legendary "midnight show".

　

Needless to say, midnight audience, as the first audience, can often accurately predict the future of the film: if the audience cheers and applauds, it will be difficult for the film to sell, otherwise, it will be difficult for the film to sell if it swears, throws popcorn or corn cobs at the screen, scratches the back of the theater, or even greets the director.

　

Therefore, after the midnight show, the film side often re-cuts the film according to the audience’s reaction, and the result usually makes the "released version" and the "midnight show version" have different degrees of difference.

Seeing this, you can also imagine the midnight scene of The True Story of Teddy Boy: in the middle of the film, the audience stood up and cursed."Who is Wong Kar-wai? ！” After the show, the voices of "returning water (refund)", "er (cheating) money" and "I don’t know what to shoot" came and went, and the audience even rushed to spread "Never go to see The True Story of Teddy Boy!"

　

In the end, the film was released just two weeks after its release, and the cumulative box office was only 9.75 million Hong Kong dollars! Compared with the film investment of HK$ 20 million, it is no wonder that the boss Deng Guangrong went to the hospital for intravenous drip, and it is even rumored that he burned the rest of the film in a rage!

　

"Ten Million Box Office" Reached?

　

The first release of "The True Story of Teddy Boy" is less than 10 million box office, and the loss is a foregone conclusion, but is it still less than 10 million?

　

That may not be true, because the film won five awards in the 10th Hong Kong Film Awards, and then it was re-screened. As a result, it won more than 2 million Hong Kong dollars at the box office under the topic of awards, and with the original 9 million, it finally reached the "10 million box office". It can be seen that even the basic box office income is confirming the difficulty of "The True Story of Teddy Boy".

　

Ling Chia "collapsed on the spot"?

　

For many years, many people have always thought that it was the biggest "legacy" that the winner of the Academy Awards didn’t give it to Carina Lau.

Carina Lau is not modest about this, toThe description of "collapse on the spot" revealed the moment: "I was young at that time, and the whole environment pushed me to the point of’ I must have won it’. I also felt that I didn’t guess correctly when I won the prize, and even all the magazines were on my cover. Didn’t I take it? And I went to the Academy Awards, and three of the four nominees (winners) didn’t come, so they must be afraid of me! Not me yet? Even Brigitte Lin and Chow Yun Fat, who presented the awards, thought it must be me, so I just prepared to come up and give my acceptance speech.…In short, after going to heaven, it turned out that it was not me, and that kind of blow was great. "

　

"If it is now, I will feel so what? What does it matter? But at that time, I really needed an award to give myself an affirmation, so if I gave it to me at that time, I felt that it would have a great impetus to my career. " I don’t want to. This regret actually made Carina Lau wait for 20 years before winning the prize. Only the parties can really understand how much warmth and sadness there are during the period. …

　

Xueyou is "worried"

　

Carina Lau was not the only one who was worried about The True Story of Teddy Boy, and Jacky Cheung, who is still not a singer.

　

At that time, he took a head-up action. After Wong Kar-wai NG for more than 60 times, he only gave him a "forget it", which made him "very uncomfortable. At least tell me which take is ok?" Not only that, in the first scene after the boot, Wong Kar-wai actually sang Jacky Cheung more than 20 times, completely losing face!

In the end, after ashes of time, Jacky Cheung refused to cooperate with Wong Kar-wai.

　

Behind this, the essence is Jacky Cheung’s feelings about Wong Kar-wai’s "love and hate": in 1988, Jacky Cheung’s singing career was at a low ebb, and only 20,000 albums were sold, and some films he didn’t like were made. Every day, he either drank or played table tennis, and he had to go on stage in other places because of his unsteady drinking. His inner depression was imaginable.

　

But this year, through his participation, he changed from being criticized for acting to winning the Hong Kong Academy Award for "Best Supporting Actor" — — In other words, Wong Kar-wai found the confidence to be an actor for him!

　

　

The following year, by participating in the legendary swordsman, Jacky Cheung won the Golden Horse Award for Best Supporting Actor. At this time, his singing career has not recovered. Two acting awards once made him want to focus on movies, so he also had the courage to take on such a big production as Bloody Streets (which finally won him the first nomination for Best Actor) & HELIP; …

　

At this juncture, WoNG Kar-wai ng and a sentence of "forget it" for more than 60 times, what a cold water for him!

　

Leslie Cheung "for real"?

　

"The True Story of Teddy Boy" is actually an "abusive" play, and the fate of every character in the play is very abusive. The actors outside the play are either abused by the director, abused by awards or abused by other actors — — It’s not, brother Leslie Cheung staged a "fisticuffs"!

　

According to Shanzhi Chen, director of the film, in the scene where my brother beat his adoptive mother’s boyfriend, "The other person is a musician, not a professional actor. Before shooting, leslie specifically told me,’ Please tell him that it’s nothing personal, because it’s not me anymore, it’s the role in the play, and I won’t’ just’ fight formally. He is the person I want to fight.’ Jia Wei let him play freely. He picked up a real hammer and broke the whole washing dish, really hitting the man with a bone fracture! "

　

After the filming, my brother, who was deeply involved in the play, had to stand aside and the whole person trembled for a long time before he calmed down.

　

But when he gets back to his state, he immediately cares about his opponent’s injury, and even more bluntly, if the film company fails to pay off the medical expenses, he is willing to bear all — — This is my brother, as always kind.

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Article | Market Value Observation, Author | Yuntan, Editor | Xiaoshimei

Wang Jianlin, China’s former richest man, continues to fight while some property companies lie flat.

On the evening of June 28, Zhuhai Wanda Commercial Management submitted its Hong Kong IPO application materials for the fourth time, more than 500 days after the first listing application.

In the past three years, Wang Jianlin’s life is not easy. The impact of the epidemic, the strictest supervision in the history of real estate, a group of once-famous real estate giants have collapsed.

Considering that the betting agreement with investors will take effect at the end of the year, if Zhuhai Wanda fails to list, then Wanda will face up to 40 billion share repurchase pressure.

For Lao Wang, going public is no longer the "icing on the cake". There are only 6 months left. Wang Jianlin, who does not admit defeat, must fight to the back.

"Wanda Commercial Management is Wanda’s core enterprise. I can lose any enterprise, but this cannot be lost."

But this "lifeblood" continued to be undervalued after it went public in 2014, so in 2016, Wang Jianlin decided to delist Wanda Commercial Management.

In the seven years since, the real estate industry has undergone a sudden change, and Wang Jianlin has always adhered to the "three major tasks" – reducing debt, light asset transformation and promoting re-listing.

During this period, Wanda Commercial Management introduced a number of investors, but also buried the risk of gambling.

In 2017, Wanda shares and debt double-kill, Wang Jianlin bite after the teeth, at the expense of borrowing to Sunac, let Sun Hongbin and R & F tension to 63.75 billion yuan to pick up 13 Wanda cultural tourism city and 77 hotels.

At the Wanda annual meeting in January the following year, Wang Jianlin was in tears:In 2017, Wanda experienced too many storms and hardships.

But the wave has not subsided, and another wave has come to attack.

There is no such thing as a free lunch in the world. The nine investors who helped Wanda privatize previously agreed with Wang Jianlin to go public at the end of 2018, otherwise Wanda would have to pay interest and buy back shares.

However, the road to listing of real estate companies is basically locked, Wang Jianlin can only ask for help from old friends, Pony Ma, Zhang Jindong, Sun Hongbin, Liu Jintao opened the purse generously, jointly funded 34 billion, to solve the urgent needs of Lao Wang.

Since then, Wang Jianlin has switched to H shares again, and the listed entity has been changed to Zhuhai Wanda Commercial Management.

On the eve of its listing in Hong Kong, Zhuhai Wanda Commercial Management launched a Pre-IPO financing, transferring 21.17% of its shares to multiple investors such as Country Garden, CITIC Capital, Ant Group, Tencent, PAG Pacific Alliance Investment Group, etc. A total of about 6 billion US dollars (43.50 billion yuan).

The price Wanda needs to pay is that it must complete the listing by the end of 2023, otherwise it needs to buy back investors’ shares. That is to say, if the listing cannot be completed by the end of this year, Wanda needs to use 40 billion funds to buy back the equity.

The same script played out again, but this time, the friends were already cash-strapped, and some of them could not even protect themselves, so there was no money to help others.

For Wanda, which is currently not well-off, the expenditure of tens of billions of dollars is undoubtedly adding to the woes.

The end of the bet is approaching, and the iron man Wang Jianlin must speed up his pace.

In the history of H-share listings, it is rare for such a large number of IPOs to be repeatedly tossed.

Due to the delay in obtaining the "big road" of the China Securities Supervision Commission, some analysts said that,Zhuhai Wanda Commercial Management has set a "record" for the slowest overseas listing of a private company.

As early as October 11, 2021, Zhuhai Wanda obtained the acceptance letter from the Securities Supervision Commission and submitted its first listing prospectus to the Hong Kong Stock Exchange ten days later. But to this day, Wang Jianlin has not yet received the "pass" he has been longing for.

According to past experience, it only takes 3 to 6 months to get from "small road" to "big road", but Wang Jianlin waited 627 days. In addition, several Wanda IPO applications have also stepped on the implementation node of the "Pilot Measures" for overseas listing, and the road to listing can be described as a difficult buff.

Under the pilot scheme, domestic companies seeking to list overseas or in H-shares must obtain, in addition to an acceptance letter from the Securities Supervision Commission, known as a "small road", "H-share issuance approval" issued by the Securities Supervision Commission, known as a "big road". Only after having the "big road" will the Hong Kong Stock Exchange conduct a listing hearing for the company and start the issuance, roadshow and listing work.

In addition to the two "tickets", it also needs to be filed with the Securities Supervision Commission and approved. In other words, Zhuhai Wanda Commercial Management has an additional hurdle of approval.

Previously, Wanda’s listing information had expired three times, and the fundamental reason was that the "big road" had not been approved. On June 2, the China Securities Regulatory Commission raised six major questions to Zhuhai Wanda and asked for supplementary materials. Compared with the ease of listing in 2014, Wang Jianlin’s IPO can be described as even more difficult.

Therefore, in response to the supplementary material requirements of the Securities Supervision Commission, whether Wanda’s reply can pass the customs will be the key to the sprint listing.

Looking at the requirements of the Securities Supervision Commission, it can be seen that the problem mainly focuses on compliance, including corporate governance, capital exchanges with major shareholders, the authenticity of rental rate data, share repurchase, debt repayment arrangements, and high proportion of dividends.

According to the requirements, the issuer should supplement the materials within 30 working days. That means Wanda has about two weeks to prepare this response.

However, it is better to receive a reply than no news. Wanda also pointed out that "requesting supplementary materials is a normal process, and the listing is still in progress."

Just leave Wang Jianlin time is not much, in the face of the Securities Supervision Commission questions, Wanda iron also need their own hard.

If the "big road" is successfully obtained, coupled with the current policy atmosphere to support the real estate market, it is not impossible for Wanda to accelerate its listing.

Wang Jianlin is a man who refuses to admit defeat.

16 years of military experience have created his character of integrity, perseverance, and perseverance.

At the beginning of his business, he ran supermarkets, factories, elevator factories, substations, and eventually waded into the field of real estate development. But real estate is a capital-intensive industry. Due to his lack of experience, he has walked to the edge of the cliff many times due to capital chain problems.

At first in order to obtain a 20 million loan, he has more than 50 times hope to meet the leader of a bank, sometimes in the bank gate a stand is a whole day, but at that time Wanda is still a little-known small business, the bank is not willing to take risks, the final loan or not down.

On the one hand, he was exhausted for loans, and on the other hand, he was unable to start the project for a long time. Wang Jianlin didn’t sleep for nine days and nights at that time, and on the tenth day, he was directly unconscious in the company and was rushed to the hospital.

"You can’t be afraid of humiliation, you can’t be afraid of setbacks. The living can’t be suffocated to death by urine, and the bank can’t find it, so think of other ways." Wang Jianlin finally rescued Wanda, which was on the verge of bankruptcy, by issuing bonds.

In 2000, Wang Jianlin decided to switch to commercial real estate, but Wanda’s troubles still did not stop. In the first three years, Wanda mainly sold, and the merchants who purchased the shops directly sued Wanda in court for poor management.

In just three years, Wanda has fought 222 lawsuits. Although it has lost only two, the company is struggling to cope. Many people left Wanda at that time to find other ways.

Wang Jianlin did not flinch. In the face of difficulties, he believed in the thinking of "actual combat" and explored innovation and solved problems in practice. "When you reach the Yellow River, you will not die, and if you hit the south wall, you will not look back. When you reach the Yellow River, you will build a bridge and pass, and if you hit the south wall, you will turn over with a ladder."

He came up with an "urban complex" model. "Make a commercial center, build office buildings and apartments next to it. Sell apartments, office buildings, get cash flow, and the shops will run themselves."

This "combination of rental and sale" has allowed Wanda to rapidly expand its territory across the country and gradually grow into the country’s leading commercial real estate enterprise.

From an operational perspective,Wanda Commercial Management is China’s largest and most profitable business operations service provider.

According to the prospectus, Zhuhai Wanda achieved 17.196 billion yuan, 23.481 billion yuan and 27.12 billion yuan respectively in 2020, 2021 and 2022; its net profit during the same period reached 1.112 billion yuan, 3.512 billion yuan and 7.534 billion yuan respectively.

It can be seen that after the epidemic was released, Wanda bottomed out and rebounded, successfully achieved a V-shaped reversal, and its profitability increased significantly. Moreover, the profitability level from 2021 (adjusted by a specific algorithm) to 2022 has exceeded the gambling requirements. Considering the signs of consumption recovery, it will also be a high probability event to complete the betting profit requirement of 9.46 billion yuan in 2023.

The parent company Dalian Wanda Business Management Group is even larger, in 2022, Dalian Wanda Business Management revenue 49.314 billion yuan, net profit 12.301 billion yuan.

Taking Zhuhai Wanda as a reference, its revenue is 3 times and 6 times that of Xincheng Holdings and China Resources Vientiane Life Business Management, and 3.4 times that of the entire China Resources Vientiane Life Profit (2.206 billion yuan).

As of the end of 2022, Zhuhai Wanda had 472 projects under management, covering an area of 65.60 million square meters, making it the world’s largest business operations service provider and the only service provider in China to export large-scale management to third parties.

This asset-light model is not only what Wang Jianlin hopes to achieve, but also favored by capital markets. In Hong Kong stocks, the price-to-earnings ratio of China Resources Vientiane Life is nearly 5 times that of China Resources Land. The market value of Country Garden Services once exceeded that of Country Garden, which is mainly engaged in real estate development. Vanke also split All Things Cloud and listed it in Hong Kong.

The "limit for betting" has been reduced, and the listing battle of Zhuhai Wanda will most likely determine the fate of the real estate kingdom. But Wang Jianlin, a soldier, will not easily admit defeat. For now, this big gamble continues.

In April last year, Wang Jianlin took over the 10-year operation rights of the commercial project owned by Hu Baosen, "the first brother of Henan Real Estate"; five months later, two Wanda workshops in Zhengzhou opened at the same time.

In addition, Wang Jianlin also worked with Xinyuan Zhang Yong and Shanxi Tian Sen Du Yinwu, and took over the operation rights of Beijing Blue Harbor and Wukesong Zhuozhan Shopping Center. In 2022 alone, Wanda Commercial Management was involved in more than a dozen transactions.

Taking advantage of the recovery in consumption after the epidemic, Wanda is back on the road. The latest data shows that Wanda Commercial Management Group opened 12 Wanda Plaza in the first half of 2023, with a total of 484 openings. Total rental income in the first half reached 26.32 billion yuan, an increase of 4.5% year-on-year;

In addition, compared with other business management service providers, Wanda is more efficient, with a rental rate of 98.2% in the first half of the year and a 100% rent collection.

In addition to the core sector of business management, Wang Jianlin also pointed out at the annual meeting that in 2023, in addition to promoting the listing of Zhuhai Wanda Business Management, there will be cultural tourism "starting again".

After selling a number of cultural tourism assets to collect funds, Wanda Cultural Tourism "came back" in 2023. After the Lunar New Year, the once-quiet Wang Jianlin made frequent appearances, appearing in Luoyang White Horse Temple, Luoyi Ancient City, Guizhou Danzhai and other places, and immediately signed a number of cultural tourism projects.

Not only that, Wanda also issued a recruitment announcement called "Return to the Goose Plan", which is intended to bring back people who have worked at Wanda Hotels. More than 100 Wanda hotels are said to have participated in the campaign.

Residential real estate has also begun to return to the public eye. Wanda Real Estate (residential sector) focuses on Wanda’s commercial development and has been located in Wuhan, Guiyang and other places.

"In China’s real estate industry, Wang Jianlin deserves to be ranked first in terms of strategic execution and tactical discipline." Hu Baosen said of Wang Jianlin.

From surviving with a broken arm in 2017 to today’s massive counteroffensive, Wang Jianlin has taken precautions and acted countercyclically, which is the key to Wanda’s long-term survival.

Wang Jianlin once said: "Wanda’s difficulties are only temporary and phased, and Wanda will never lie flat." However, since the beginning of the year, the negative news lingering on Wanda has continued to ferment, causing Wanda, who originally "went ashore early", to once again fall into doubt.

However, these negative news are not completely real, and there are still many controversies. For example, the previously frozen equity of Dalian Wanda Commercial Management 1.90 billion, which Wanda said was worth far more than 1 billion yuan in property disputes. Wanda is using legal channels to safeguard the legitimate rights and interests of the company.

Previously, Dalian Wanda suspended the small public debt of 6 billion yuan, taking into account the current market conditions and voluntarily giving up the issuance, and will not have a direct impact on the listing of Zhuhai Wanda.

In fact, after the crisis in 2017, after Wanda repaid more than 200 billion in debt, the "debt nuclear bomb" has been dismantled. The decisive transformation to light assets has also made Wanda lighter.

Moreover, compared with the crazy leveraging companies such as Sunac and Evergrande, Wang Jianlin has a more forward-looking strategic vision. He often takes precautions before the storm, even at the risk of breaking his wrists, ultimately escaping disaster.

At another crucial crossroads, the former richest man in China is facing a crucial battle.

As his favorite song sings: "I want to go from south to north, and I want to go from white to black." At the age of 69, he chose to stubbornly continue to fight.