Dalian Wanda Group Chairman Wang Jianlin’s financial assets have once again been put up for judicial disposal.
According to the JD Asset Trading Platform, a 70% equity stake in Shanghai Wanda Small Loans Co., Ltd. (referred to as “Wanda Small Loans”) held by Dalian Wanda Group officially entered the judicial sale process at 10 a.m. on May 26.
This is the third time that this equity stake has entered the public disposal process since it was first listed for judicial auction at the beginning of 2026, with the previous two auctions ending in failure. The sale price for this time remains the same as the second auction price, fixed at 409 million yuan (RMB), significantly discounted from the assessed value of 731 million yuan.
In recent years, Wanda’s financial landscape has been continuously shrinking. Apart from this current disposal, one out of the three small loan licenses held by Wanda has already been sold, and another has seen its capital reduced from 1 billion yuan to 200 million yuan.
Established in 2016, Wanda Small Loans has a registered capital of 1.05 billion yuan and holds a license for online small loans, with its main products including “Wanda Loan,” “Merchant Loan,” and “Wanda Wallet.”
As of the end of 2024, Dalian Wanda held an 80% equity stake in Wanda Small Loans, with the remaining shares held by Shanghai Wanda Network Financial Services Co., Ltd. and Dalian Wanda Commercial Management Group.
The disposal of this equity stake is a result of an enforcement case. Due to Dalian Wanda’s failure to fulfill legal obligations, the Shanghai Second Intermediate People’s Court ruled to auction and sell 70% of the equity stake in Wanda Small Loans held by the company.
Evaluation reports show that as of the end of 2024, the total equity value of Wanda Small Loans was approximately 1.044 billion yuan, with the assessed value of the executed 70% equity stake being around 731 million yuan.
However, the auction of this equity stake has not been smooth. In January and February of this year, the stake was first offered for auction with a starting price of 511 million yuan, which ultimately ended without a buyer. In the second auction in March, the price dropped to 409 million yuan, yet again, no one bid for it.
According to the court announcement, the sale period will continue until July 25, with bidders required to pay a deposit of 40 million yuan. If no buyer emerges within 60 days, the future disposition of this asset will face greater uncertainty.
Wanda’s foray into finance began in 2014 when the company acquired the third-party payment company Kuaiqian for 315 million US dollars. It later invested in companies like Pianeer Life, Beiyin Consumer Finance, and quickly gathered multiple financial licenses for payment, insurance, consumer finance, and more.
In 2015, Wanda Financial Group, with a registered capital of 10 billion yuan, was established in Shanghai, with Wang Jianlin making a high-profile entry into the financial industry.
Between 2015 and 2017, Wanda established three online small loan companies in Shanghai, Guangzhou, and Chongqing, completing its small loan business layout.
However, after 2018, Wanda’s financial strategy shifted from “expansion” to “contraction.”
At the end of 2018, Wanda sold its equity stake in Pioneer Life; in 2019, it exited the corporate credit investigation business; from 2023 onwards, it began selling off Kuaiqian’s equity stake and completely withdrew from the payment sector in 2025. At the same time, the small loan sector continued to streamline.
This signifies that Wanda, which once aggressively expanded its financial business, is now gradually retreating from its financial map.