It was caused by the departure of Panda Platform, one of the most important links in the layout plan of Wang Sicong.
In his early years, Wang Sicong set up his own investment company with a huge investment from his father, and put his money on e-sports, an industry that was regarded as a plaything at that time. At that time, Wang Sicong acquired CCM Club and converted it into IG Club, which opened the road of its scenery in the e-sports industry. It has raised the salary standard of people in the industry, set up a standardized industry market, and founded the e-sports alliance with one hand, attracting many capitals to join. As a result, Wang Sicong founded Panda Mutual Entertainment, formulated Banana Plan and founded Banana Plan Company, thus completing the Iron Triangle of Wang Sicong Pan-Entertainment Empire.
Wang Sicong's investment mostly involves eating, drinking, and having fun, as well as new things. Compared with more mature basic necessities and even venture capital, it is rarely involved. Moreover, what we are talking about here are only successful investments. There are also failed investments in Wang Sicong, such as e-cigarettes, live quiz, tea drinks and so on.
The panda platform was surrounded by two platforms, Betta and Huya, and collapsed without any news. Wang Sicong's pan-entertainment empire began to collapse from this corner. IG left the semi-finals, the shares of Banana Plan Company were frozen, and his kingdom began to turn from prosperity to decline. In fact, as early as Wanda's assets shrank, major capitals began to attack Wang Sicong. The e-sports industry and the game industry developed by the e-sports industry are a big cake that has not yet been developed.
In the risky industry of capital investment, from holding 5 million venture funds, to the peak value of 6.3 billion, and now about 15 million have been executed, Wang Sicong has stood on the forefront more than once, and now he can only keep silent and converge.