"I don't care if my friends have money or not, as long as I have more than them."

This sentence was once Wang Sicong's most arrogant "golden quote."
500 million "practice fee": a highlight moment for a rich second generation
21-year-old Wang Sicong returned from studying abroad in the UK. Wang Jianlin handed him 500 million yuan: "Use it for investments, and you're allowed to fail twice. If you fail both times, go work at Wanda."
With this money, Wang Sicong founded Pusi Capital.
He invested in Hero Entertainment and earned 51.81 million in half a year; invested in Dazhong Dianping, 360, Xiaoguo Culture, among over 90 companies in his portfolio, many have successful cases.
He seized the esports trend, acquired CCM team and reorganized it into iG Club. In 2018, iG won the League of Legends World Championship.
His "Entertainment Industry Discipline Inspection Committee" persona is even more unique.
Wang Xiaofei and Big S's wedding, Fan Bingbing's "carpet star" scandal... whoever is popular, he will criticize them, and he's not afraid of anyone. During those years, he was a frequent trending topic, a traffic generator, praised by netizens as the "National Husband."
Unfortunately, he made the most common mistake of all "trend chasers"—mistaking platform resources for his own ability.
A mess: Panda TV went bankrupt, nearly 2 billion yuan in debt, equity frozen
The turning point began in 2019.
The Panda Live streaming platform he founded burned through money and declared bankruptcy. Pusi Investment took on nearly 2 billion yuan in debt, and Wang Sicong himself was listed as a person subject to enforcement by the court, with restrictions on high consumption.
At that time, the outside world thought it was just "a young master's small setback," after all, there was Wanda, the big mountain behind him.
But who would have thought, even Wang Jianlin's days were not easy.