Showing posts with label Wang Jianlin. Show all posts
Showing posts with label Wang Jianlin. Show all posts

Wednesday, July 19, 2017

The trouble Wanda is in - Shaun Rein

Shaun Rein
China's richest man, Wang Jianlin, and his company Wanda, got kicked out of the Chinese lending system. Wanda is in deep trouble, says business analyst Shaun Rein to the South China Morning Post. Both in terms of assets backing up his purchases and political leverage.

The South China Morning Post:
The unprecedented instructions would close off any available avenue of financing for the highly leveraged Wanda, which may have contributed to Wang’s decision last week to sell the majority of his hotel and theme park holdings -- including a Harbin park that he’d opened barely two weeks earlier -- to Shanxi magnate Sun Hongbin for US$9.3 billion, in what would turn out to be the largest single real estate sale in China’s corporate history. 
“Wanda is in a lot of trouble,” said Shaun Rein, founder of the China Market Research Group. “ It remains to be seen how much of their growth was built on real asset development with cash flow and how much purely on borrowing money.”... 
“People forget that businessmen need to ensure they are low profile, and always give credit to the Communist Party first,” said Rein of China Market Research Group. “Sometimes as these guys get richer, they forget who’s really in charge.”
More in the South China Morning Post.

Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

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Thursday, October 13, 2016

A new wave of wealthy Chinese - Rupert Hoogewerf

Rupert Hoogewerf
Rupert Hoogewerf
Famous wealthy Chinese like Wang Jianlin and Jack Ma are still up and running, but a new wave of billionaires is moving up in the ranks of the annual Hurun China rich list, says its founder, Rupert Hoogewerf to Reuters. “Today it is about using the capital markets for financial investment,” he says, like Baoneng’s Yao Zhenhua.

Reuters:
Yao Zhenhua, the chairman of Baoneng Group and the biggest riser since 2015, saw his wealth shoot up 820% to $17.2 billion, elevating him to fourth in the overall list. Yao has been at the center of a hostile takeover battle for China’s largest real estate developer China Vanke Co Ltd. 
Hurun founder Rupert Hoogewerf said Yao represented a new wave of wealthy Chinese, those whose money came from playing the financial markets as opposed to more traditional routes like trade or manufacturing. 
“There’s a new type of wealth creation coming out,” he told Reuters, adding China was having to adapt as the wider economy was “very materially slowing down”. “Today it is about using the capital markets for financial investment,” he said. 
Baoneng, a financial conglomerate that had been a relative unknown, rose to prominence over the last year by becoming the largest shareholder in Vanke, though drew criticism from Vanke’s own chairman over where it was getting its funds.
More in Reuters.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

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Friday, February 26, 2016

Movie companies trade well, despite market slump - Wei Gu

Wei Gu
Wei Gu
WSJ wealth editor Wei Gu looks at the Chinese movie industry, and sees they are doing well. Wanda founder Wang Jianlin started to sell shares of his Legendary Entertainment to local investors to strengthen his cash position, but that is not a sign he is in trouble, she writes in the Wall Street Journal.

Wei Gu:
Wanda Group’s billionaire founder Wang Jianlin personally owns 20% of Wanda Pictures. Wanda Culture, which includes Wanda theaters, AMC theaters and other entertainment assets, owns 55%, and the remaining 25% is owned by Wanda Group, according to the document. Investors buying into the deal will receive a mix of new shares in the entity buying Legendary Pictures and existing shares in Wanda Pictures. 
Even after last summer’s stock-market debacle, Chinese movie companies trade at lofty valuations—Shenzhen-listed Beijing Enlight Media Co., for example, at 74 times estimated 2015 earnings; and U.S.-listed Bona Film Group Ltd., which has received a going-private offer from Alibaba Group Holding Ltd. and other investors, at a whopping 1,261 times 2014 earnings. 
Chinese companies have gone on a global buying spree. Acquisitions of U.S. companies set a record last year, according to Dealogic—which has already been broken in 2016. 
A year ago Wanda Group snapped up Swiss sports-marketing company Infront Sports & Media AG for $1.2 billion and World Triathlon Corp., organizer of the Ironman Triathlon, for $650 million. In 2012 it spend $2.6 billion for U.S. movie-theater chain AMC Entertainment Holdings Inc. 
Wanda’s global expansion comes as its cash flow at home slows. Earlier this month, Moody’s Investors Service lowered the outlook to negative from stable for Dalian Wanda Commercial Properties Co., Ltd., the conglomerate’s Hong Kong-listed property arm, citing cash-flow pressure. Dalian Wanda Commercial Properties is China’s largest commercial developer.
More in the Wall Street Journal.

Wei Gu is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers´request form.

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Thursday, February 25, 2016

Beijing has more billionaires than New York - Rupert Hoogewerf

Rupert Hoogewerf
Rupert Hoogewerf
Beijing is now having more (US$) billionaires than New York, says Hurun rich list founder Rupert Hoogewerf in his latest report, according to AP, despite the fierce drop in stock prices of the last six months.  "People will look at China the same way that people looked at Stanford or Silicon Valley in the 1990s."

AP:
Rupert Hoogewerf, the founder of Hurun, attributed China's explosive wealth creation to Chinese market regulators allowing a flood of new initial public offerings after holding back new IPOs for several years. 
Hoogewerf said his wealth calculations were made using stock prices as of Jan. 15, which means they took into account the Chinese market's 40 percent tumble over the past half year. 
Had the calculations been made at the market's peak last summer, the number of Chinese billionaires would have been nearly 150, Hoogewerf said. 
Beijing took the title from New York after minting 32 new billionaires last year, while New York gained four. Moscow came in third place, with 66 billionaires, while Hong Kong and Shanghai came in fourth and fifth with 64 and 50, respectively, Hurun said. 
China's richest man, real estate tycoon Wang Jianlin, came in 21st place globally behind Wal-Mart scions, the Swedish family that owns Ikea and Brazilian investor Jorge Paulo Lemann. Other Chinese billionaires in the global top 100 included Alibaba founder Jack Ma, beverage magnate Zong Qinghou, and the tech bosses at phone maker Xiaomi, social media firm Tencent and Baidu, the search engine. 
Hoogewerf said China had a particularly high proportion of self-made billionaires compared to the United States. 
"What we showed today is that at the super-wealth creation level, the Chinese are now leading," Hoogewerf said. "People will look at China the same way that people looked at Stanford or Silicon Valley in the 1990s."
More in AP.  

 Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

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Friday, April 10, 2015

Co-investing new trend among China´s rich - Rupert Hoogewerf

Rupert Hoogewerf
Rupert Hoogewerf
China´s rich used to invest mostly alone abroad, but according to China rich-list founder Rupert Hoogewerf, a new trend is developing: co-investing. "I think gone are the days when it was all about ´me´, he told the China Daily.

The China Daily:
Top Chinese investors are increasingly engaging in co-investing, a shift away from their more traditional solo approach, said Rupert Hoogewerf, founder of the Hurun Report, which publishes a list of China's richest people. 
"There's a huge trend of co-investing," he said. "I think gone are the days when it was all about 'me.' Or, 'I invest it,' 'I own my company 100 percent.' 
"Like Mr. Wang Jianlin; he's that sort of character, 'My company, I own 100 percent of it all,' or the best part of 100 percent, 'and I'm going to do this all on my own,' " he said, referring to the chairman of Dalian Wanda Group, which acquired AMC Theaters in 2012. Hoogewerf, who spoke at the China Institute on Tuesday, said that many of China's top investors and CEOs are going to graduate business schools, meeting like-minded people, and then co-investing with those they meet.
More in the China Daily.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´ request form.

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Wednesday, February 04, 2015

Li Hejun replaces Jack Ma as China´s richest man - Rupert Hoogewerf

Rupert Hoogewerf
Rupert Hoogewerf
Li Hejun, a solar energy entrepreneur whose Hanergy Holding Group Ltd has become China´s richest man, according to a new calculation on Tuesday by the Hurun Rich List, founded by Rupert Hoogewerf, writes Reuters. Wang Jialin and his family of Dalian Wanda retained the second place.

Reuters:
E-commerce tycoon Ma and his family slipped to No. 3 in China, and No. 34 globally, on the Hurun Global Rich List, with a personal wealth of US$24.5 billion. He was pipped by Li with a net worth of US$26 billion. The No. 2 spot was held by Dalian Wanda Commercial Properties Co Ltd's Wang Jianlin and his family. 
Li's Hanergy Group has been the subject of analyst concern over what the Financial Times last week called "unconventional practices" between the firm and its US$19.7 billion Hong Kong-listed subsidiary Hanergy Thin Film Power Group Ltd. 
Most of the subsidiary's reported revenue since 2010 came from equipment sales to its parent and a large chunk of contracts were unpaid as of 2013, the FT reported. 
Hanergy Thin Film Power Group will "expand our customer base and diversify our source of revenue" and the majority of contracts owed had been repaid, the company said in a filing to the Hong Kong Stock Exchange last week addressing the FT report.
More in Reuters.


Li Hejun
Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´ request form.
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Friday, January 30, 2015

Alibaba´s Jack Ma losing shine as China´s richest man - Wei Gu

Wei Gu
Wei Gu
Alibaba´s shares took a firm dive this week, and as a side-effect chairman Jack Ma might be losing his position as the country´s richest man, writes wealth editor Wei Gu in the WallStreetJournal. Property mogul Wang Jianlin might replace him.

Wei Gu:
A little-known new energy entrepreneur and a property tycoon are set to surpass Internet mogul Jack Ma as China’s richest man. 
Ma, 51, and the founder and executive chairman of Alibaba Group, saw $1.4 billion of his fortune wiped out Thursday following revelations earlier this week by a Chinese regulator that the company had lax oversight on counterfeit goods sold on its market places, as well as other alleged illegal activities on its sales platforms. 
On Thursday in New York, Alibaba shares fell as much as 11% before closing down 8.8% following its lackluster earnings report, as its revenue growth of 40% missed analysts’ expectations, despite its sites hosting a record-breaking online sales day in November. Ma owns 8.8% of Alibaba, according to the company’s IPO filing. 
Alibaba’s shares are still trading  31% above their  initial public offering price in September, when its blockbuster $25 billion listing vaulted Mr. Ma to become China’s richest man. His wealth is now estimated to be $23.1 billion, down from $24.2 billion in mid-December, according to Chinese wealth tracker Hurun Report and a Wall Street Journal tally. 
More Alibaba shares could flood the market when a lock-up period for shareholders expires. Some shareholders can sell up to 40% of their holdings 180 days after Alibaba’s listing in mid September. That would mean around mid-March. 
Chinese property mogul Wang Jianlin, chairman of Dalian Wanda Group, 61, has now surpassed Mr. Ma in terms of wealth. After successful listings of its commercial properties arm in Hong Kong in December and a cinemas unit in Shenzhen in January, his wealth has jumped to $28.1 billion, up from $23.4 billion in mid-December, according to Hurun and The Wall Street Journal’s calculation.
More in the Wall Street Journal.

Wei Gu is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers´ request form.

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Thursday, December 25, 2014

Wang Jianlin´s poor IPO spoiled his no.1 position - Rupert Hoogewerf

Rupert Hoogewerf
Rupert Hoogewerf
Until last week both Jack Ma of Alibaba and Wang Jianlin were in the race to become the richest man in China in 2014. A poor IPO in Hong Kong spoiled his chances, explains China Rich List founder Rupert Hoogewerf, in the China Daily. But it is not the end of the game.

The China Daily:
Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, which compiles the widely followed Chinese rich list, predicted this month that Wanda's share price would have to rise by at least 30 percent for Wang to overtake Ma as China's richest. 
In comparison, Ma's Alibaba soared by 38 percent on its New York Stock Exchange debut. Stock analysts and wealth watchers say Wanda Commercial's cool reception on its Hong Kong debut has reduced the value of Wang's stake in the company by about $300 million. This is about 1.2 percent of Wang's estimated personal net worth of $24.8 billion, according to the Bloomberg Billionaire's Index. 
But Wang is still ahead of Mukesh Ambani, India's richest man, ensuring that the top three places on the list of Asia's wealthiest are all Chinese. 
On the list, Wang ranks third after Hong Kong property tycoon Li Ka-shing, who has $29.4 billion, and Ma with $29.1 billion. 
Analysts said a setback on the first day of trading isn't uncommon for IPO stocks. "An IPO does not end in one day. The closing price of Wanda Commercial was in line with market expectations,"Hoogewerf said. 
"Unlike the information technology industry, the real estate sector has been slowing down. But the downturn will provide great opportunities for well-financed real estate developers to expand," Hoogewerf added. 
The Wanda Commercial IPO has helped Wang to fulfill one of his dreams, Hoogewerf said. "To top the rich list is not what Wang wanted; rather, he wanted the largest IPO." Hoogewerf said more Chinese companies have been tapping overseas capital markets for funding this year. 
"We have seen more action on the international front than in the previous 15 years added together," he said.
More in the China Daily.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

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Friday, December 19, 2014

China´s richest in 2014: Jack Ma or Wang Jianlin - Rupert Hoogewerf

Rupert Hoogewerf
Rupert Hoogewerf
For a short while Alibaba´s chairman Jack Ma looked like he was heading for the position of richest person in China in 2014. But at the end of the year, Wanda chairman Wang Lianlin is contesting that position, as he brings two firm to the Hong Kong stock exchange, tells China Rich List founder Rupert Hoogewerf to WSJ wealth editor Wei Gu.

Both Rupert Hoogewerf and Wei Gu are speakers at the China Speakers Bureau. Do you need one of them at your meeting or conference? Do get in touch or fill in our speakers´ request form.

Are you looking for more experts on China´s outbound investments at the China Speakers Bureau? Do check our latest list. 
 
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