Dalian Wanda Group Forced to Pay 130 Million Yuan

On May 16th, Dalian Wanda Group Co., Ltd. (referred to as Wanda Group) added 1 new debtor information, with a total of over 138 million yuan being enforced.

According to the mainland enterprise information platform AiQicha App on the 16th, Wanda Group added 1 new debtor information on that day, with an enforcement target of over 138 million yuan, and the enforcing court was the Zhongshan District Court of Dalian.

Wanda Group was established in September 1992, with Wang Jianlin serving as the legal representative and chairman, and a registered capital of 1 billion yuan, jointly held by Dalian Huarui Investment Co., Ltd. and Wang Jianlin.

Risk information shows that the company has 3 pieces of debtor information with a total enforced amount of over 340 million yuan. The company also has multiple equity freezing information.

Since Wanda Group encountered a crisis in 2023, Wang Jianlin has been actively engaging in selling off assets. For instance, in order to ease liquidity pressure, Wanda Group has sold 14 Wanda Plazas. Last month, one of Wang Jianlin’s core assets – Beijing Wanda Plaza Industrial Co., Ltd. (referred to as “Beijing Wanda Industrial”) underwent a shareholder change, being taken over by Xinhua Insurance and other insurance capital.

Wang Jianlin has also repeatedly sold off his equity and assets, disposing of assets like Shanghai Wanda Hotel and Wanda Film Company.

Wang Jianlin was once the richest man in mainland China, but lost that position in 2017, after which his assets have continuously shrunk. According to the “2024 Hurun Global Rich List” released by the Hurun Research Institute on March 25th this year, over the past year, the wealth of the Wang Jianlin family has decreased by 80 billion yuan, shrinking by 72% to 30 billion yuan.