# Asset-Light

The Great Deleveraging: Wang Jianlin’s Fire Sale Marks the End of an Era for Wanda

Wang Jianlin's Dalian Wanda Group has sold over 80 commercial plazas as part of a massive debt-reduction campaign, surrendering majority control of its key business platforms to investors like PAG. Faced with a 600 billion yuan debt burden and high-interest borrowing costs, the former real estate giant is transitioning into a management-only service provider while its core assets move into state and private equity hands.