（Picture Source：Sogou）

It took Wang Sicong 19 days from the time his shares were frozen by the court to be listed as dishonest executors; only three days from the time he was listed as dishonest executors to the time he received a restraining order issued by the court; and only one day from the time he received a restraining order to receive a notice of property seizure from the court. The rapid compression of timing space highlights the law enforcement agencies based on the rights of the efficient handling of cases, but also reflects the high-frequency behavior of Wang Sicong as a party to touch the red line of supervision.

But Wang Sicong also has the time to miss the horse. After taking a stake in Letv Sports and acquiring 3.96 percent of the shares, he entered Jia Yueting's loss-making "minefield". So far, Pushi Capital has invested tens of millions of yuan in Letv Sports. According to friends, Wang Sicong made an investment in less than 10 minutes to invest in Taiwan artist Huang Licheng, Huang Lihang two brothers created the 17 live webcast platform, but on the third day of Wang Sicong's personal platform for the 17 platform, 17 live broadcast was forced off the shelves by Apple officials because of a large number of pornographic images, and then became infamous, and Pussi Capital bet on the million dollars on the 17 live broadcast. But. Wang Sicong, however, did not shrink from it, but became further linked to the live broadcast on the Internet. He decided to start playing the live broadcast world of his own court himself, and trouble followed one after another.

As well as the live broadcast, Wang Sig also saw the increasingly clear head image of the domestic direct broadcasting market: the red fish and the tiger teeth endorsed by Tencent were listed in the United States successively, and the first two of the live broadcasting industry were set up, and at the same time, facing the Youku of the Alibaba platform and the likes of Baidu's supporting waist, The lack of the ability to live and live with the added panda is not to be self-evident, so it is also forced to swallow a four-year loss of bitter fruit on the fierce competition track, and finally, it seems to be in love, thus also shaping the pattern of Wang Sig's successive encounter with the cause of the cause this year.

Of course, compared with these investments, Wang Sicong may have the most sense of accomplishment is his control of the IG e-sports team. In his third year of funding, Wang Sicong set up his own e-sports camp by acquiring the CCM team, then renamed CCM IG, and then took over LGD and quickly completed the integration of the two e-sports teams. Last year, the IG team won the global championship in the League of Legends S 8 global finals held in Incheon, South Korea. To celebrate IG's victory, Wang Sicong held a raffle on Weibo. The first wave drew 113 people, each of whom was rewarded with 10, 000 yuan. Cash. In a burst of screams from winner to winner, Wang Sicong's life also entered a highlight moment.

It is also particularly important to note that the inclusion of the list of non-trust executable persons and the need to accept restricted consumption may not have a significant impact on Mr. Wang. In addition to his father's Bay Stream G650 private plane, Wang also has a private plane called Daso Falcon 7X, while Wang also has luxury sports cars such as the Porsche 918 Spyder, Lamborghini Aventador LP700. You know, the property frozen by the court is the property under the name of Wang SiCong, and these vehicles are not under the name of Wang Sikang, and according to the regulations, he shall apply to the court for use and get approval. The sample can be dictated at will. As for access to high-end consumer places, regulators will not specifically place people in Wang Sicong's body, and the restrictions will not be too strong. Of course, the system is not a piece of paper. Wang Sicong, who is used to it, is bound to feel a lot of inconvenience in his behavior because of the restriction of consumption behavior and the pressure of public opinion. It is precisely this. More awe and abide by the business ethics and legal rules should be a valuable gain from the frustration of Wang Sicong, who has just passed his career.

Ten years ago, Wang Jianlin said in an interview with Yang Lan that he would give his son Wang Sicong 500 million venture capital to "practice his hands," and said that "if you lose, you give another 500 million, and if you can't, you can't go back to Wanda." At that time, Wang Jianlin, worth 40.11 billion yuan, was at the top of the Forbes list of China's richest people, shooting 500 million at a time, which was naturally drizzle for Wang Jianlin. Besides, if his son was trained in the mall through this way of "smashing gold," not to mention 500 million yuan, Wang Jianlin would also be willing to give more money to Wang Jianlin, after all, for a richest man in China, who is sitting on tens of billions of yuan. None of the problems that can be solved with money are problems.

At present, a total of no more than 300 million yuan in debt for the billions of Wang Sicong, is not unable to repay. In addition to his heroic entertainment, Fushou Garden, Yunyou Holdings and other listed companies can be realized, Wang Sicong also owns 6.46 million shares of Wanda Film, with a market value of more than 90 million yuan. At the same time, Wang Sicong owns 1.9952% of Wanda Group. According to Wanda Group's daily rent collection capacity of more than 90 million yuan, Wang Sicong owes no more than 300 million yuan in debt can be earned back in only four days. It seems that whether Wang Sicong pays back money is not a matter of ability, but a matter of attitude. In addition, return ten thousand. Step by step, even if Wang Sicong is really unable to pay off his debts, there is not a rich father standing behind him. Although Wanda Group has issued a company that does not guarantee any of Wang Sicong's debts and does not have any official announcements of capital exchanges with the enterprises under its control, Wang Jianlin and Wang Sicong have not actually cut as clearly. Not long ago, Pushi Capital pledged all its equity to Wanda Group, which means that Wang Jianlin will certainly "go to the bottom" for his son if he has no choice but to do so. Only now Wang Jianlin does not want to move quickly, he wants to let his son deeply appreciate the difficulty of the mall and test his crisis management ability.

The analysis found that the current regulatory red line locked in Wang Sicong's business misconduct is directly related to live broadcast. Wang Sicong was listed by the Beijing No.2 Intermediate People's Court as the executor of the breach of trust. At the same time, Wang Sicong was seized of his property, vehicles, bank deposits, etc. Fei Ling, corresponding to panda mutual entertainment owed to Shenyang Ruifan Media Co., Ltd., Chengdu Shizi Jun Cultural Media Co., Ltd. And Xi'an Northern Culture Media Co., Ltd. It is worth noting that, in addition to the above sanctions for breach of trust, the shares of Banana Planning Culture Development Co., Ltd., a brokerage owned by Pushi Capital and Wang Sicong, were frozen by the people's Court of Baoshan District in Shanghai, with a valuation of about 84.45 million yuan and a deadline of October 2022.

The money of the flower is soon turned into Industrial Capital _ Beijing Puts Investment Co., Ltd. (hereinafter referred to as" "Puth's capital" "), and Mr. Wang Sig is 100% of the holding, and Wang Sig is not the "to practice" in the father's eyes, and the first time he is betting on the world number, The four projects, such as the Yunyou Holdings and the nine-good group, will be untidy after that. The public information shows that the current investment scale of Pui capital is over RMB 3 billion, covering 60 companies such as the net fish net,360, the hero exchange, the fun game, the general comment, etc., among which, Wang Sicong is the legal representative of 20 companies, and is in 33 public The Division, as a shareholder, is an executive at 36 companies and has actual control over 111 enterprises.

The Shanghai Panda Mutual-Culture Co., Ltd. is the well-established place for the live broadcast of the Wangs Cong. The company has a stake of 40.07%, which is the first big shareholder. However, the market has become the Red Sea when the panda broke into the domestic live broadcasting industry four years ago. But the first time is not to be afraid of the tiger. With the popularity of the online game, Wang Sig, with his popularity, has soon attracted the main broadcasting of the games such as the wind, the little intelligence, the PDD, and the JY, and then by means of the development of the live broadcast Cello Goddess> the leading post of the industry direct heddle, Immediately following the completion of the live broadcast of the panda, it has completed the financing and monthly activity of the A and B rounds of the scale of 650 million yuan and 10 billion yuan, respectively. The user has climbed to 80 million, and the country is preliminarily established by the "Four King Kong" live camp in parallel with the panda, the tiger's teeth and the YY and the panda. But in the last year, the live broadcast of the mint, the live broadcast of mashed potatoes, and the live broadcast of the green fruit, the panda's live broadcast also began to expose the layoffs, the less-paid, and the absence of any external funding for up to 22 months, In March this year, that live broadcast of the panda had to be shut down to the server.

A number of successful cases supported Mr. Wang's investment and human eye. The contribution of US $4 million to the share of 1.05% of the shares of Yunyou Holdings, and the net profit of the Psi Capital after landing in the Hong Kong Stock Exchange by Yunyou Holdings is 200%; as the cornerstone investor's investment in the Fushou Garden, the Fushou Garden will log in to the Hong Kong Stock Exchange, and the advance account of the Company's capital is up to 300%; and the share of the new three-board company's hero, In just half a year, the company made a profit of 5181 million yuan, with a yield of up to 65%. The water is high. According to the equity calculation, Wang Sig's current body price is 66.3 billion yuan.