Financial freedom starts with smiling at life

Guo Guangchang didn't mention the painting "Dragon Coiling and Tiger Crouching," but Wang Jianlin also planned to take Jiangbei City to visit it after dinner.

Routine guest reception procedures.

Whenever friends come to visit, Wang Jianlin introduces this painting.

This not only demonstrates his high level of understanding of collecting and calligraphy and painting, but also showcases his investment acumen.

The painting I bought for eight million thirty years ago is now worth hundreds of millions.

I never expected that when we talked about this painting today, the topic wouldn't be investment acumen or understanding of calligraphy and painting, but rather that Guo Guangchang would compare it to the whiskey in Jiang Beicheng's home.

To be honest, Wang Jianlin doesn't really like this kind of comparison.

It lowers his prestige a bit.

However, when Wang Jianlin learned that Jiang Beicheng had spent £218 million to buy that bottle of whisky, he was deeply impressed by Jiang Beicheng's generosity in collecting.

They're even more willing to spend money than him.

He couldn't possibly spend that much money on a bottle of foreign liquor.

Of course, it could also be related to personal preferences.

However, Wang Jianlin knew that Jiang Beicheng also collected Fu Baoshi's calligraphy and paintings, so he talked to Jiang Beicheng about collecting "Dragon Coiling and Tiger Crouching".

In this respect, Guo Guangchang seems a bit of a novice.

He also plays, you could say all the wealthy play, but he's a low-level player.

Simply put, they only know how to throw money around.

They can't compare to veteran players like Wang Jianlin.

What shocked Guo Guangchang even more was that there was also a valuable traditional Chinese painting in the manor in Jiangbei City.

It is comparable to the "Dragon Coiling and Tiger Crouching" collection in Wang Jianlin's collection.

That was Zhang Daqian's imitation of Wang Ximeng's "A Panorama of Rivers and Mountains," which Jiangbei City purchased for nearly 400 million yuan.

Guo Guangchang asked Jiang Beicheng with a puzzled look, "President Jiang, when did you start collecting things? Even we old hands can't help but admire you."

Jiang Beicheng understood what this meant.

Guo Guangchang was actually asking him how he distinguishes between genuine and fake items, market conditions, and other essential elements of collecting.

If you can't figure these things out, then you're just wasting your money.

Let alone items worth hundreds of millions, even items worth tens of millions, auction houses wouldn't dare guarantee their authenticity.

Auction houses don't guarantee authenticity; it's just an industry agreement.

Jiang Beicheng spends hundreds of millions of yuan to collect masterpieces by famous artists. Isn't he afraid of losing money on them?

Or is this young man really so rich he doesn't know what to do with all the money and is out helping the poor? Or is he using some kind of money laundering channel?
Guo Guangchang had dealt with businessmen for half his life, but he had never seen anything like Jiang Beicheng's way of doing things.

So they changed to a more tactful way of asking, to test the waters in Jiangbei City.

Jiang Beicheng countered Guo Guangchang's question: "In Chairman Guo's eyes, what level of collector is Chairman Wang?"

Guo Guangchang chimed in, "He's definitely a senior artist, perhaps even a veteran in the field of calligraphy and painting."

Jiang Beicheng smiled and nodded, looking at Wang Jianlin, "Chairman Wang, it seems that Chairman Guo still hasn't quite grasped the basics."

Guo Guangchang was stunned for a moment.

I didn't understand Jiang Beicheng's words, but I could already sense the sarcasm in them.

To say that a billionaire with a net worth of tens of billions is a novice collector is a bit inconsiderate of Mr. Jiang's words.

Wang Jianlin laughed and said to Guo Guangchang, "I'm just an amateur enthusiast."

Players like Mr. Jiang are true hardcore collectors, even professional collectors.

Guo Guangchang still looked puzzled.

Wang Jianlin then explained: "Professional collectors don't need to know too much; they just need to know their own preferences."

The elements you mentioned, someone will help him with. Generally speaking, professional players have access to many experts and professors in various fields.

They will help you distinguish between genuine and fake products and assess their value...

Simply put, President Jiang probably has a team of experts working behind the scenes.

In fact, this is how some of the world's most famous collectors operate.

Guo Guangchang stared blankly at Jiangbei City.

Now I finally understand why Jiang Beicheng dares to spend so much money on his collection.

However, I am also amazed by Jiang Beicheng's dedication to his hobbies.

Jiangbei City prioritizes enjoyment before discussing investment and value.

They always prioritize value.

This difference in thinking is likely largely related to the amount of cash available to one's hands.

Therefore, it seems that Jiang Beicheng is indeed qualified to sit at the dinner table when Wang Jianlin invited him to his home today.

It could even be said that he is the richest of the three with the most disposable cash.

"President Jiang, I've learned a lot." Guo Guangchang raised his glass to Jiang Beicheng.

Jiang Beicheng smiled and said, "That's just my personality. If I'm going to play, I'm going to play it thoroughly."

Wang Jianlin used Jiang Beicheng's words to educate Wang Sicong, "You should also play the game more thoroughly."

Wang Sicong smiled and raised his glass in return.

When it was just the two of them, father and son, in private, he didn't really like hearing those words.

But today there are guests present, including his newly acquainted friend, Young Master Jiang, and he is willing to give Young Master Jiang this face.

Young Master Jiang is indeed someone I should learn from, both in the business world and in life.

After discussing wine and collecting, the atmosphere at the dinner table was basically set.

They flattered each other as they should have.

Now let's get down to business.

Wang Jianlin was very direct, mentioning the debt problem that Wanda is currently facing.

There is still over 10 billion yuan in debt that needs to be resolved immediately.

After losing the bet in the last round of financing, Wanda has already sold nearly 60% of its shares in Wanda Commercial Management.

Their family still owns 40%.

They hold absolute control.

However, there is another 10 billion yuan in debt to be repaid soon.

Liu Yonghao helped connect us with Minsheng Bank; getting two or three billion yuan shouldn't be a problem.

Wang Jianlin now hopes that Jiang Beicheng and Guo Guangchang can step forward and give Wanda a helping hand.

He accepted everything, whether it was equity pledging, financing betting, or direct high-interest loans.

He has the courage to turn things around.

They also have a solid foundation to accept the outcome of failing to list in Hong Kong again.

“Guangchang has invested heavily in Chengdu in recent years. Wanda has some hotels and commercial real estate in Chengdu. If Guangchang is interested, Wanda can sell them to you at a reasonable price.”

The expression is very direct.

They intend to sell hotels and commercial real estate in Chengdu.

And by using the word "handle," I didn't want to wrong an old friend of many years.

In addition to its investments in biopharmaceuticals, Fosun Group has also made significant investments in real estate in Chengdu, particularly in the High-tech Zone.

They must be optimistic about Chengdu's development prospects.

Guo Guangchang smiled and said, "Jianlin, this is no small sum of money. It's definitely not enough for just one meal."

Let's go through the formalities, get it approved by the board, and evaluate the project..."

Before he could finish speaking, Wang Jianlin stopped listening, but instead of expressing his dissatisfaction, he turned his gaze to Jiangbei City.

Guo Guangchang looked embarrassed.

I didn't say I wouldn't help.

Not so much.

Jiang Beicheng smiled inwardly. It seemed that this billionaire, a former richest man in Shanghai with a net worth of tens of billions, wasn't so generous and sentimental after all.

In contrast, Jiangbei City admires and respects Mr. Sun of Sunac.

That's really loyalty; he dared to take on a project worth over 60 billion yuan from Wanda back then.

Without him, Wang Jianlin's transformation path probably wouldn't have been so smooth.

To put it bluntly, this industry is based on a "you throw, I catch" culture.

I couldn't take it anymore, so I handed it over to you. When you can't take it anymore, I'll give you a hand again.

I just didn't expect the government to take the initiative and burst the real estate bubble so quickly.

This has ruined the fortunes of several real estate tycoons.

From this perspective, Wang Jianlin is the luckiest.

Perhaps it has a lot to do with the history of his ancestors climbing snow-capped mountains, which allowed him to obtain information earlier.

For businessmen at their level, it's all about exploiting information asymmetry.

Unlike Guo Guangchang, Jiang Beicheng didn't hesitate. Wang Jianlin simply looked at him and, before he could speak, he stated, "Chairman Wang, I currently have relatively little experience in industries such as hotels, cultural tourism, and commercial real estate."

However, in the entertainment industry, there is a possibility of collaboration.

Wang Jianlin understood: Jiangbei City had no interest in hotels and commercial real estate; its target was Wanda Cinema.

When it comes to the entertainment industry, Wanda Cinema certainly has a say.

Especially cinema chains, which are all asset-heavy industries.

Jiang Beicheng's Yizhi Culture Media not only engages in film production and investment, but also in film distribution and other businesses.

The integration of Wanda Cinema Line into the ecosystem of Yizhi Culture Media will undoubtedly be a great boost.

Wang Jianlin appreciated Jiang Beicheng's straightforwardness and asked, "What are your thoughts, Mr. Jiang?"

Jiang Beicheng said, "As far as I know, Wanda Group also holds a 20% stake in Wanda Film."

Mr. Wang, why don't you pledge these shares to me, and I'll provide you with a loan based on the current share value?

Wang Jianlin said, "Okay, here's what I'll do: I'll transfer about 5% of my shares to you first, and nominate a Wanda Film board seat for Yizhi Culture Media."

This deep cooperation between the two parties will lead to mutual benefit and win-win results.

I will pledge the remaining 15% to you and pay you interest on the loan annually at the agreed rate.

Since President Jiang is so straightforward, I won't waste my time with you and make you fall into a trap.

Three-year term.

"If I fail to settle the debts with Mr. Jiang within three years, the shares of Wanda Cinema Line will be transferred to you."

It's not hard to tell from these words that Wang Jianlin is still somewhat reluctant to give up Wanda Cinemas.

The cross-border acquisition of Legendary Pictures was a glorious affair back then.

However, Wang Jianlin fell into a trap on this project, and he fell very deep into it.

However, his move did bring domestic films to a larger stage.

Old Wang loves the film industry just as much as he loved football back in the day.

The situation was so dire that there was no other way.

Jiang Beicheng didn't waste any words, raised his glass and clinked it with Wang Jianlin's, "Chairman Wang, it's a pleasure to cooperate with you."

Wang Jianlin quickly greeted him with a smile, and Wang Sicong also joined in with a drink.

Guo Guangchang, who was also sitting at the same table, felt extremely awkward.

I feel like an outsider.

He hesitated for a moment, his thinking became more rigorous, and Wang Jianlin completed a loan of 5 billion yuan with Jiang Beicheng.

Wang Jianlin's shares in Wanda Film are worth approximately five to six billion yuan.

Now he seems like his decades-old friend is neither loyal nor straightforward, and is quite stingy.

Today, on his first meeting with Jiang Beicheng, Guo Guangchang was slapped across the face.

However, to fit into the current atmosphere, we also raised our glasses to congratulate Wang Jianlin and Jiangbei City on their pleasant cooperation.

"Jianlin, have you calculated the industrial value of Chengdu?" Guo Guangchang asked after finishing his drink.

Wang Jianlin truthfully stated, "It's about four or five billion yuan, at a friendly price."

Guangchang, after all these years of friendship, don't you understand what kind of person I am?

Guo Guangchang nodded. "Okay, Jianlin, we'll reassess the hotel. As for the commercial real estate, I can help you with that for now."

Listen to what the old fox has to say.

He doesn't want to run a hotel business because it's too difficult.

Wanda's commercial real estate still has great investment value, so he acquired it.

Furthermore, the phrase "helping with the transition" was used.

He got to play the role of the nice guy all the time.

Of course, Wang Jianlin didn't mind; he knew Guo Guangchang's character.

However, Wang Sicong's expression was quite different.

It implies a disdain for Guo Guangchang.

Wang Jianlin was willing to sell the whole package at a discounted price, but Guo Guangchang didn't want to lose out at all, so he was a bit hesitant.

“If Jianlin has other ideas, we can discuss them further.” Guo Guangchang noticed Wang Jianlin’s hesitation.

Whether he buys or doesn't sell now, he has a very good way out, without offending anyone, and he also shows his righteousness.

"Several Wanda Plazas..."

Wang Jianlin had just decided to sell when Jiang Beicheng cut him off.

"Mr. Wang, can my 5 billion plus the money Mr. Guo spent on buying commercial real estate solve the problem?"

Wang Jianlin and Guo Guangchang both turned their gazes toward Jiangbei City.

Wang Sicong was also taken aback.

"Almost!"

This alone amounts to at least several billion, and Wang Jianlin still needs to ask friends for help.

Now is the time when we owe favors to everyone.

Jiang Beicheng said, "Chairman Guo, I'm sorry, I haven't finished discussing things with Chairman Wang yet."

Guo Guangchang looked completely bewildered.

I don't understand what Jiangbei City means.

Wang Jianlin also looked puzzled, "Has President Jiang set his sights on industries in Chengdu again?"

Jiang Beicheng smiled and shook his head: "Chairman Wang, selling little by little is not a solution."

If Wanda Commercial Management needs further financing to list on the Hong Kong Stock Exchange, Liann Capital can provide assistance.

The cooperation model can be modeled after those investors like PAG.

Now it all depends on Chairman Wang's decision.

Wang Jianlin's face lit up with joy, and he was thrilled.

Guo Guangchang looked completely bewildered.

He had almost forgotten that Jiang Beicheng was a big shot in the private equity industry.

For Lian Capital, investing tens or hundreds of billions of yuan is very easy.

Behind them are several powerful national sovereign wealth funds.

Moreover, they can obtain large loans from banks by using financial means such as bridging loans.

No, could that 5 billion be a personal loan from Jiangbei City?

Guo Guangchang reacted instantly.

What the fuck...

Cash King?

So scary.

Now they want to use private equity funds to help Wanda Commercial Management raise billions or even tens of billions of yuan.

Jiangbei City left a very deep initial impression on Guo Guangchang today.

The Wang family father and son were surprised by Jiang Beicheng's straightforwardness, but to be honest, both investments were worthwhile.

It's just that very few entrepreneurs or investors are willing to throw so much money into real estate right now.

The sheer power of Jiangbei City is chilling.

Wang Jianlin readily agreed: "Mr. Jiang, words cannot express my gratitude."

Wang Sicong exclaimed excitedly, "That's fucking loyal!"

I actually didn't agree with my dad selling the Chengdu property, after all, our hometown is here.

Jiang Beichen smiled and clinked glasses with the father and son. After finishing his drink, he looked at Guo Guangchang at the same table and said, "President Guo, President Wang and I have finished our talk. You two can continue." (End of Chapter)