Wang Sicong

Not to be confused with Wang Sitong.

Wang Sicong (Chinese: 王思聪; pinyin: Wáng Sīcōng, born 1988) is a Chinese businessman and the only son of Chinese tycoon Wang Jianlin.[1][2][3]

Early life

Wang Sicong was born in Dalian, Liaoning province, China in 1988.[4][5][6] His father Wang Jianlin is the chairman of the Dalian Wanda Group, China's largest real estate developer, as well as the world's largest movie theater operator.[7]

Sicong received a degree in philosophy from University College London.[4][8]

Personal life

As a member of China's second generation rich known as fuerdai,[9] Sicong's spending habits have received wide press.[10] In March 2016 it was reported that Sicong spent 2.5 million RMB in one night at a karaoke bar.[1] He also founded and owns an online professional gaming team, Invictus Gaming.[11] In 2016 he also received wide press for having given his dog eight new iPhone 7s.[12][13]

Sicong is often referred to as "the people's husband" in the Chinese press, in reference to his bachelor status.[8][14]

In 2015, Sicong told reporters that any potential girlfriend had to be large-breasted.[15] An editorial in the state-run Xinhua news service followed, criticizing Sicung's comments as objectifying women.[16][17][18][19] The editorial was titled "Son of the rich, do not treat vulgarity as a personality", and said that Sicung had "stained the purity of the Chinese"[20] and that he had "the arrogance of Silvio Berlusconi”.[17] The South China Morning Post dubbed the incident "buxomgate".[21][22]

In 2016, Sicung's spending habits and lifestyle were publicly criticized in an additional editorial in the state-run China Daily newspaper.[23]

Career

Sicong is the chairman of Prometheus Capital, a private equity company[24] he founded with 500 million RMB that his father gave to him.[8][4] He is a director of the Dalian Wanda Group.[4][25]

In 2011 Wang founded professional gaming (eSports) team Invictus Gaming (iG). IG went on the win The International 2012 Dota 2 championship the next year. 2015, Sicong launched Panda TV, an e-sports streaming channel designed to compete with Amazon's Twitch.tv.[26][27][28]

Sicong reportedly spent US$516.7 million on the construction of the Wanda Reign seven-star hotel in Shanghai, which opened in June 2016.[29][30] The hotel was designed by the British architect Norman Foster.[31]

References

  1. 1 2 "Wang Sicong at it again, China's richest son blows 2.5 million RMB at KTV in single night". Shanghaiist. Retrieved 18 October 2016.
  2. ↑ "王健林三得胡润榜首富 王思聪个人财富达60亿". 网易. 网易.
  3. ↑ HUang, Zheping. "China's newest viral app pays users to ask celebrities nosy questions". Quartz.com.
  4. 1 2 3 4 "Capital Markets Company Overview of Beijing-based Prometheus Capital". Bloomberg. Retrieved 18 October 2016.
  5. ↑ Levin, Ned. "Wang Sicong's uncensored microblogging highlights succession challenges at Dalian Wanda". Financial Times. Retrieved 18 October 2016.
  6. ↑ You, Tracy; Chow, Edward. "Billionaire's son buys his DOG two Apple Watches (but he thought four was OTT)! Inside the weird world of the son of China's richest man". Daily Mail Online. Retrieved 18 October 2016.
  7. ↑ China Rich List, Forbes
  8. 1 2 3 Gao, Jing. "Wang Jianlin's son, "The People's Husband," is also an aspiring VC". Allchinetech.com. Retrieved 18 October 2016.
  9. ↑ Jemimah Steinfeld (28 February 2015). Little Emperors and Material Girls: Sex and Youth in Modern China. I.B.Tauris. pp. 57–. ISBN 978-1-78076-984-4.
  10. ↑ Minter, Adam. "Adam Minter: China struggles with its spoiled generation of wealthy heirs". National Post. Retrieved 18 October 2016.
  11. ↑ Jackson, Dominic. "Wang Sicong, son of China's richest man, in new BBC documentary Secrets of China". Shanghaiist. Retrieved 18 October 2016.
  12. ↑ Ho, Victoria. "Son of China's richest man shows off his dog's 8 iPhone 7s". Mashable. Retrieved 18 October 2016.
  13. ↑ Korman, Tess. "The Son of the Richest Man in China Gave His Dog 8 iPhone 7s". Cosmopolitan. Retrieved 18 October 2016.
  14. ↑ Zeng, Vivienne. "Son of Asia's richest man, China's 'No.1 eligible bachelor', talks to BBC about freedom". Hong Kong Free Press. Retrieved 18 October 2016.
  15. ↑ "Chinese tycoon Wang Jianlin's son slammed for 'vulgar obsession' with buxom women". The Straits Times. Retrieved 18 October 2016.
  16. ↑ Olesen, Alexa. "The West: Source of All Evil, Including Chinese Scion's Boob Joke". Foreign Policy. Retrieved 18 October 2016.
  17. 1 2 Shao, Heng. "National Husband Of China Jokes 'Big B**bs' Is A Must For A Girlfriend; State News Agency Fires Back". Forbes. Retrieved 18 October 2016.
  18. ↑ "The Mao taboo". The Economist. Retrieved 25 October 2016.
  19. ↑ Lau, Mimi. "Son of China's richest man shows off eight iPhones he bought – for his dog". South China Morning Post. Retrieved 18 October 2016.
  20. ↑ Frank, Robert. "Chinese heir criticized for 'vulgar' online post". CNBC. Retrieved 18 October 2016.
  21. ↑ Zuo, Mandy; He, Huifeng. "'Buxomgate': Western schooling to blame for my son's gaffe, says tycoon Wang Jianlin". South China Morning Post. Retrieved 18 October 2016.
  22. ↑ "Son of China's Richest Man Buys 8 New iPhones for His Dog, Coco". KTLA. Retrieved 18 October 2016.
  23. ↑ Xiangyang, Huang. "Rich beyond his dreams but blind to value of money". China Daily. Retrieved 18 October 2016.
  24. ↑ Chan, Bernice. "After IPO, Hong Kong's Dining Concepts CEO shares China growth plans". South China Morning Post. Retrieved 18 October 2016.
  25. ↑ Xiang, Nina. "Are China's Fuerdai Wisely Investing, Or Wasting Their Parents' Money?". Forbes. Retrieved 18 October 2016.
  26. ↑ Huifeng, He. "Son of China's richest man to launch Panda TV e-sports streaming service to rival Amazon's Twitch". South China Morning Post. Retrieved 18 October 2016.
  27. ↑ "Watch out Amazon, China is launching a Twitch rival called Panda TV". Venture Beat. Retrieved 18 October 2016.
  28. ↑ Yuhong, Pang. "China's Internet 'Stream Queens' Are Being Showered With Cash". Wall Street Journal. Retrieved 18 October 2016.
  29. ↑ "Over-the-top: Shanghai's first 7-star hotel is a museum of antiques". Hindustani Times. Retrieved 18 October 2016.
  30. ↑ "China's Richest Kid Spent Over $500 Million to Build Shanghai's First 7-Star Hotel". Nextshark. Retrieved 18 October 2016.
  31. ↑ "Dalian Wanda scion opens ultra-luxurious hotel in Shanghai". CNBC. Retrieved 18 October 2016.
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