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The Fate of 2 Chinese Real Estate Tycoons Is One Word Away

Pan Shiyi and Wang Shi are tycoons in the real estate industry, and both are making profits. However, their thinking and approach to business differ; ultimately, so do their fates.

During China’s real estate boom, too many tycoons developed a fatal illusion, believing that everything is under their control. Pan Shiyi was once caught in this whirlpool of fame and fortune, as was another figure once regarded as a role model in the Chinese business world: Wang Shi, the 74-year-old founder of Vanke, a large residential real estate developer in China. Both became successful businessmen, yet each viewed and managed their businesses differently, ultimately leading to their fates diverging.

In China, a land that once witnessed countless rags-to-riches stories, the real estate industry is undoubtedly the most frenzied and bloodthirsty arena. When the tide of the times receded, what has become of these once-powerful tycoons? Xu Jiayin is in prison, Wang Jianlin is scrambling to survive, and Wang Shi is facing a difficult situation. Only one person has managed to land safely on the other side of the Pacific and watch the drama unfold from afar: Pan Shiyi.

Read the full article on Nspirement