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Recently, the news obtained from the press conference of Shanghai Bankruptcy Court said that in the bankruptcy liquidation case of Panda Mutual Entertainment Culture Co., Ltd., a live broadcast platform owned by Wang Sicong, nearly 9,000 inventory goods were auctioned online at an auction price of 3 1 10,000 yuan, with a premium rate as high as 99 1%. Why is this premium rate as high as 99 1%? Mainly because the items being auctioned are limited edition or out of print items, which are very rare, so the high price is also reasonable.

The auction took place on June 5, 2020/kloc-0. A number of peripheral products of panda mutual entertainment appeared in Ali auction house, including many gift boxes, canvas bags and even limited edition gadgets such as mobile phone cases. The starting price is also relatively close to the people, and there are also popular things, and the price will be copied very high. For example, one of the gift boxes has gone from the starting price to the sky-high price of more than 5,200 yuan at the price of 50 yuan.

In the past few years, the growth of the live broadcast industry, coupled with visible profits, has attracted many business leaders, and Wang Sicong is no exception. In 20 15, Wang Sicong founded Panda Mutual Entertainment Culture Co., Ltd. and launched Panda TV live broadcast platform. At that time, he took away many well-known anchors of the game live broadcast platform, which was a success. However, the good times did not last long. After several years of operation, Panda Entertainment Culture Co., Ltd. declared bankruptcy on March 30, 20 19, and Panda TV suddenly shut down its server as early as March 8, 20 19. Therefore, Wang Sicong has also been included in the untrustworthy group.

Wang Sicong's entrepreneurship in recent years is not ideal, and it will be hit every time. Fortunately, Wang Sicong is also a rich second generation. Not long ago, he also launched all the affairs of Shanghai Xinfeifan E-commerce Co., Ltd., which he founded, and became the chairman of Wanda Investment Co., Ltd. after the establishment of the company. It seems that after working hard outside for several years, I chose to go home and inherit my family business. I think Wang Jianlin let Wang Sicong in, made him experience repeated failures, and made him more mature. Only through such tempering can he become a better heir of Wanda enterprises.