Wang Sicong (王思聪, born January 3, 1988) is a Chinese businessman and the only son of Chinese tycoon Wang Jianlin.

Wang Sicong was born in Dalian, Liaoning province, China, in 1988. 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. Sicong received a degree in philosophy from University College London.

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

Sicong is often referred to as “the people’s husband” in the Chinese press, in reference to his bachelor status.

In 2015, Sicong told reporters that any potential girlfriend had to be large-breasted. An editorial in the state-run Xinhua news service followed, criticizing Sicung’s comments as objectifying women. 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” and that he had “the arrogance of Silvio Berlusconi”. The South China Morning Post dubbed the incident “buxomgate”.

In 2016, Sicong’s spending habits and lifestyle were publicly criticized in an additional editorial in the state-run China Daily newspaper.

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

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.

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

Sicong also founded the music management company Banana Culture in 2015. It currently manages the Chinese promotions for Korean pop groups T-ara and EXID.

Edited from Wikipedia

 

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