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[商业新闻] 2016-02-25&02-27 中国首富王健林谈体育和文化产业

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[商业新闻] 2016-02-25&02-27 中国首富王健林谈体育和文化产业

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Meet China's richest man   

China's richest man made his fortune in property but he's now set on conquering sports and entertainment, as CNN's Andrew Stevens reports.


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[Homework]2016-02-25&02-27 中国首富王健林谈体育和文化产业

Wang Jianlin is fast becoming the international face of Chinese business, whether speaking to a packed house at a Hong Kong business forum, rubbing shoulders with the Hollywood elite, or joining the top table at a storied European football club, China's richest man is making waves, joining Alibaba's Jack Ma who is one of the country's best known business leaders. Wang's Dalian Wanda Group is China's biggest private property consortium, but it's been expanding and diversifying its empire internationally, I sat down with Wang in Hong Kong recently, he talked about where the company goes from here.Currently our real estate business is not growing very much, we are developing two major sectors, first is cultural industries including entertainment, sports and tourism, the second is financial industries including corporate financing, new online loan, online offline integration, releasing our own Feifan card, the first multifunction financial card etc., this is two major sectors for development.
You said Mr Wang very clearly that you would be making five acquisitions, substantial acquisitions in 2016, three of those will be offshore, overseas, what areas are you looking at? what type of business are you looking at buying?
All of sports and entertainment businesses that will be substantial, at least three to five billion dollars.
Do you have targets already identified?
We will not release that, but there is some progress that we expect to complete within this year.
Why sport?
There is basically no sports business in China at this point, and the Chinese government has just released a policy to develop the sports business, to grow it into a five trillion RMB business within ten years, that is close to $800 billion, and slightly larger than the current size of the sports business in the US now, there are a lot of preferential policies for sports related businesses, such as priority to obtain land IPO and bank loans etc., we think this is the golden decade for sports business in China, we go around the world to acquire good sports companies and competitions that can be brought to China and linked up with China's demand.
Is your diversification program linked to the fact that China's economy is slowing down, and you need to spread your businesses further, not rely on just property.
It's about not putting all the eggs in one basket, it's because we think that if we want to become a first class company in the world, it has to be multinational enterprise, not just staying in one country, I could reach $100 billion turnover even if I only conduct business in China, but I think that would not help with our company's branding and transition, therefore we do not have any budget caps on our investments in the overseas markets, whenever we come across a good company, we can always consider to acquire it.


This post was generated by put listening repetition system,  Check the original dictation thread!
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HOMEWORK

Wang Jianlin is fast becoming the international face of Chinese business. Whether speaking to a packed house at a Hong Kong business forum, rubbing shoulders with the Hollywood elite, or joining the talk table at a storied European football club, China’s richest man is making waves, joining Alibaba’s Jack Ma as one of the country’s best known business leaders.

Wang’s Dalian Wanda Group is China’s biggest private property consortium, but it’s been expanding and diversifying its empire internationally. I sat down with Wang in Hong Kong recently, talked about where the company goes from here.

Currently our real estate business is not growing much. We are developing two major sectors. First is cultural industry including entertainment, sports and tourism. The second is financial industries, including corporate financing, new online loan, online & offline integration, releasing our own Feifan card, the first multifunction financial card etc. This is our two major sectors for development.

You said, Mr. Wang, very clearly, that you would be making five acquisitions, substantial acquisitions in 2016. Three of those will be offshore, overseas. What areas are you looking? What type of business are you looking at buying?

All of sports and entertainment businesses that will be substantial, at least three to five billion dollars.

Do you have targets already identified?

We would not release that, but there is some progress that we expect to complete within this year.

Why sport?

There is basically no sports business in China at this point. And the Chinese government has just released a policy to develop this sports business, to grow it into a five trillion RMB business within ten years. That is close to 800 billion U.S. dollars, and slightly larger than the current size of the sports business in the U.S. now. There are a lot of preferential policies for sports related businesses, such as priority to obtain land, IPO and bank loans etc. We think this is the golden decade for sports business in China. We go around the world to acquire good sport companies and competitions that can be brought to China and link up with Chinese demand.

Is your diversification program linked to the fact that China’s economy is slowing down and you need to spread your businesses further, not relying on just property?

It’s about not putting all the eggs in one basket. It’s because we think that if we want to become a first class company in the world, it has to be a multinational enterprise, not just staying in one country. I could reach 100 million U.S. dollar turnover, even if I only conduct business in China, but I think that would not help with our company’s branding and transition, therefore we do not have any budget caps on our investments in the overseas markets. Whenever we come across a good company, we can always consider to acquire it.
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HW
Wangjianlin is fast becoming the international face of Chinese business. With speaking to X HK business form. XX shoulders with hollywood alet would joining the top title the storied European football club.
China's richest man is making waves, joining Alibaba's Jack Ma is one of the country's X business leaders. Dalian Wanda Group is China's biggest private property concern,but it spend XX empire internationally.
Assets X Wang in HK recently talk about with the company goals from here.
Currently are real estated business not growing much,we develop two major sectors. First is cultural industries in trading entertainment, sports and tourism.
The second is financial industries,including corporate financing.New online loan, online-offline integration,releasing a loan XX card the first motifunction finacial card X  This is our two major sectors for development.
You said Mr. Wang very clearly that you would be making five aquisitions,substantial aquisitions in 26 free of those will be offshore overseas what areas are you looking,what types of business are you looking and buy?
All the sports entertainment businesses there will be substantial at least straight to five billion dollars. Do you have targets already identified?
we will not release that but there is some progress we expect to comlete whithin this year.
there is basically no sports business in china this point and chinese government is just release policy to develop the sports business.
to grow it into a  five trillion RMB business within the ten years, that is close to eight hundred billions News dollars and slightly large in the current size of the sports business in the US now .
There are a lot preferential policies for sports businesses such as priority to attain land XX  we think this is a golden decade for sport business in china.
we go around will aquire good sports companies in competitions that can be brought to china and link up china' demand.
Is your X program  link to the fact the china's economy is slowing down ,and you need to spread your business further not rely on just property.
It's about not to put all the eggs in one basket, because we think that we want to become a first class company in the world.It has to be a mutinational enterprise, not just stay in one country.
I could reach one hundred billion dollars turnover even theXXbusiness in china,but I think that would not help the company briding in transition.
therefor we do not have any budget capitals and investments in the overseas market. whenever we come across a good company,wen can always consider to aquire it.
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[Homework]2016-02-25&02-27 中国首富王健林谈体育和文化产业

Wang Jianlin is fastly becoming the international phase of Chinese business. Hong kong buiness forum, gathering shop with many Hollywood elit will join in the top tiyle of the Eouropean  football club. China which is main waves, joining Alibaba Jack Ma, is one of the country's best-known business leaders.one Dalian wonder group is China's biggest property concern, expanding his empire to international                                                     
This post was generated by put listening repetition system,  Check the original dictation thread!
2016.3.16首富王健林谈体育和文化产业
Wang Jianlin is fast to become the international face of Chinese business. Weather speaking to packed house at a HK Business Forum, governing shoulders with Hollywood elite, or joining the top table at the storied European football club. China’s richest man is making ways joining Alibaba’s Jack Ma, is one of the country’s best known business leaders. Wang’s Dalian Wanda Group is China’s biggest private property concerns. But its expanding diversifying to internationally. I sat down with Mr. Wang in HK recently, talked about where the company goes from here.
Currently our real estate business is not growing much. We are developing two major sectors. The first is culture industries, including entertainment, sports and tourism. The second is financial industries, including cooperating financing, new online loan, online-offline integration, releasing our own Feifan card, the first multifunction financial card, etc. This is our two main sectors for development.
You said Mr. Wang is very clearly that you will make five acquisitions, substantial acquisitions in 2036, three of those will be offshore or overseas. What areas are you looking for? What type of business are you looking to invest?
All of sports entertainment businesses they will be substantial, at least three to five billion dollars.
Do you have targets already identified?
We would not release that, but there is some progress we expected to complete within this year.
Why sport?
There is basically no sports businesses in China at this point. And Chinese government is just release the policy to develop the sports business. To grow it into five trillion RMB business within ten years. That is close 800 billion US dollars and slightly larger than the current size of sports business in the US now. There are lot of preferential policies for sports related businesses, such as priority to obtain land IPO and bank loan, etc. We think this is the golden decade for sports business in China. We go around the world to acquire good sports companies and competitions can be brought to China and linked up with China’s demand.
Is your diversification program linked to the fact that China’s economy is slowing down and you need to spread your business further, not just rely on property?
It’s about not putting all the eggs in one basket. It’s because we think that once becoming a first class company in the world, it has to be multinational enterprise, not just stay in one country. I can reach 100 billion US dollars turn over, even if only i can conduct business in China. But i think that would not help our company’s branding and transition. Therefore, we do not have any targets caps on our investments in the overseas market. Whenever we come across a good company, it’s always considered to be required.
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