In 2009, Wang Jianlin gave his son, Wang Sicong, five billion yuan to start his business. Later, he handed over several million shares of Wanda Cinema Line to him. At that time, Wang Sicong was quite formidable, acquiring eSports teams and leading them to victory. During the same period, he got into a public feud with Wang Xiaofei.
The dispute began in 2011, when Wang Xiaofei married, and his mother, Zhang Lan, mentioned that the wedding venue had been sponsored by Wanda. Wang Sicong publicly lashed out, accusing Zhang Lan of using his father's name for self-promotion. Zhang Lan responded, admitting to the help and also saying that Wang Sicong was just a young, naive individual. The two exchanged barbs for a long time.
At that time, Wang Sicong's life had started with the best of privileges, and not just any ordinary privilege. His father, Wang Jianlin, casually offered him five billion yuan, which grew into a massive fortune in his hands. PuShi Capital, his investment firm, seemed to have a golden touch—whatever they invested in became a hot trend, from eSports to live streaming and entertainment. He always seized opportunities at the right moment. When IG won the world eSports championship, it marked his peak moment, as he almost single-handedly lifted eSports out of the stigma of being associated with \"addicted internet youths.\"
Money, to him, wasn’t just wealth—it was a sense of security and audacity. He crowned himself the \"entertainment industry's watchdog,\" ruthlessly attacking anyone he found disagreeable. He tore through his opponents in public disputes, his string of celebrity girlfriends serving as trophies, showcasing his undeniable appeal as a top-tier alpha male.
When Wang Sicong aimed his criticism at Wang Xiaofei, it was a one-sided annihilation. The catalyst was when Zhang Lan, Wang Xiaofei's mother, inadvertently suggested that Wanda sponsored her son's wedding. Wang Sicong's retaliation was swift and ruthless—he exposed the lie without mercy: \"My father doesn't even know you, stop spreading rumors.\"
Wang Xiaofei, trying to defend his mother, was thoroughly defeated. Wang Sicong publicly humiliated him, calling him a \"fake rich second generation,\" mocking him for pretending to be wealthy while \"having barely any change in his pockets,\" and claiming that he was relying entirely on his celebrity wife to prop up his image.
At that time, public opinion was on Wang Sicong's side. Every harsh word he uttered seemed like an undeniable truth, while Wang Xiaofei's emotional responses only made him appear weaker and more pitiful. It was a clear win for Wang Sicong, and he continued to bask in the glow of victory.
After Wang Sicong’s scathing attack, Wang Xiaofei's life took a turn for the worse. His mother’s restaurant chain, \"Qiao Jiangnan,\" was sold off, and he found himself embroiled in numerous legal battles. His business ventures fluctuated, rarely seeing any success. His life seemed to be stuck in a long downward spiral.
The rain didn’t stop there, and the marriage that had once been the envy of many also crumbled. Their ugly divorce turned him into a laughingstock on the internet, with frequent emotional outbursts during live streams, presenting the image of a bitter, defeated man.
At that point, few believed that he could ever make a comeback. He seemed to be nailed to a public pillar of shame, with people watching as Wang Sicong's mockery became his fate.
However, life is full of surprises. Just when it seemed like the story was nearing its end, the script took an unexpected turn. At his lowest point, Wang Xiaofei didn’t stay down. Alongside his mother Zhang Lan, the two of them dove into the world of live-streamed sales—a field often looked down upon by the so-called \"elite,\" but one that would bring them new life.
Instead of positioning themselves as lofty entrepreneurs, they humbly embraced the role of passionate sellers. Zhang Lan energetically promoted products in live streams, while Wang Xiaofei, with sincerity, shared personal experiences. Together, they drove traffic to \"Ma Liu Ji,\" a restaurant brand, turning it into a viral sensation online.
As money flowed back in and their spirits were renewed, more importantly, Wang Xiaofei changed. No longer the explosive \"young master\" from Beijing, he began learning to control his emotions and focus on his business and children. After remarrying, he visibly matured, striving to play the role of a \"husband\" and \"father\" with dedication.
His public image transformed from a failed \"ex-husband\" into a man who had learned from his mistakes, trying his best to rebuild his career. Today, he enjoys a happy family life and a thriving business, leaving behind the pitfall that Wang Sicong had once predicted for him.
Meanwhile, as Wang Xiaofei made his comeback, Wang Sicong's seemingly endless streak of good fortune began to falter. 2019 marked a turning point, as his venture, Panda TV, collapsed due to a broken cash flow, leaving him with mountains of debt. His entertainment empire, including Banana Entertainment, shriveled and collapsed, and he found himself for the first time restricted from high consumption by the court, earning the label of \"deadbeat.\"
The higher the tower rose, the louder it fell. The Wanda empire, once thriving, also lost its former glory. To pay off debts, Wang Jianlin had to sell off core assets like Wanda Plaza, a painful step towards survival. The difficulties faced by his father marked the end of Wang Sicong’s carefree days.
With his career in turmoil and his personal life in constant disarray, Wang Sicong, who once swore off marriage, continued to cycle through girlfriends. However, the public’s perception of him had shifted from admiration to pity. His reputation took another hit when internet personality Huang Yiming, along with a child, confronted him and publicly called for him to take responsibility as a father. Wang Sicong had once tried to keep a low profile, but the spotlight no longer reflected his former glory, only his scandals.
The final blow came unexpectedly. The company Wang Sicong had founded, Beijing Huiju, was acquired by none other than He Youjun, the son of the \"gambling king,\" who took over as chairman and swiftly cleaned house, replacing the management team. This was a blow to Wang Sicong’s ego—someone who had once looked up to He Youjun as a role model, now found himself overshadowed by him.
This was the cruelest twist of fate. Wang Sicong, who had once mocked Wang Xiaofei for being a \"fake rich second generation,\" now found himself caught in a financial crisis, his core assets taken over by others, while Wang Xiaofei, who had once angrily shouted on Weibo, \"One day, you’ll suffer,\" seemed to have delivered the most accurate prophecy.
What was once a clear-cut victory had turned into an epic reversal, perfectly illustrating the saying, \"The wheel of fortune turns.\" The battle isn’t over yet; it’s only the first half of the game, and the tables have turned.
Source: Sohu
Conclusion: Recent reports indicate that Wang Sicong's company, founded in 2023, was acquired by He Youjun, who had once admired Wang Sicong. Now, He Youjun is the chairman of the company, and the management team has been replaced. Both Wang father and son have been forced to sell assets—Wang Jianlin sold off Wanda's cultural tourism division, while Wang Sicong, too, had to relinquish control.
Now, Wang Xiaofei and Wang Sicong’s fates have reversed. Wang Xiaofei’s rise through live-streamed sales has turned his fortunes around, while Wang Sicong is still embroiled in public criticism. It seems that Wang Sicong’s past words, mocking Wang Xiaofei, have come back to haunt him. Where will both of them go from here? Only time will tell.
