The news of Lu Liang's wealth doubling was only trending for half a day before it was overtaken by Wanda.
Old Wang decided to transition to a light asset model and reached a 637 billion century transaction with Rongchuang Group.
In this transaction, Wanda sold off 13 Wanda Culture and Tourism Cities and 77 hotels, and sought a suitable buyer for over 60 million square meters of land reserves under Wanda's name.
Once the news was announced, the news that Lu Liang's personal wealth surged by seventy to eighty billion was not worth mentioning.
After all, who would have thought, Old Wang, who topped the global Chinese richest list last year, would be reduced to making drastic survival decisions this year.
Moreover, among the numerous domestic real estate developers, the public had a relatively good impression of Wanda, primarily since it main dealt with commercial real estate and had virtually no unfinished buildings.
