It is because Wang Jianlin sold his hotel and Wanda Tourism City at a low price. Wanda Tourism City, which he has been touting himself, was sold at a low price, which led to the loss of confidence in Wanda, so the stock fell.

At present, many people cannot travel normally. A big consumer group watching movies is college students, because there are not many ordinary courses for college students. It is a good place to watch movies at night or for couples to go out on dates. But now that the universities are closed, no one can go to the movies.

At least in the absence of a large number of college students, people's desire to watch movies is not as high as before. I used to go if I was bored, but now I will go unless it is a particularly good film. It is really what everyone said.

Yesterday morning, Wanda Cinema fluctuated downward after the opening, and suddenly fell rapidly in intraday trading. As of the close of the morning, the stock was reported at 5 1.95 yuan, down 9.87%, and the trading volume continued to enlarge. In addition, many Wanda bonds also fell yesterday. At present, the total share capital of Wanda Cinema is165438+74 million shares. According to yesterday's decline of 5.69 yuan per share, the market value of Wanda Cinema evaporated by 6.68 billion yuan within two hours in the morning.

The reason for the plunge is the market rumors about Wanda. Yesterday 12: 40, Wanda Group publicly responded that there was malicious speculation on the Internet yesterday that CCB and other banks issued a notice to sell Wanda bonds. It is understood that CCB and other banks have never issued such a notice, and online speculation is a rumor. Wanda Group hereby solemnly declares that Wanda Group is operating well. I hope you will not be credulous or make rumors.

Almost all Wanda cinemas are located in wanda plaza, but the profits have been very low, even losing money, at least in most areas, because there are almost no good service industries and entertainment industries in China due to the epidemic.