Wang Liduan, a name that resonates like thunder in the Filipino-Chinese community and the gambling industry in the Philippines. As the boss of Jiuding Group and the helmsman of Pan-Asia Package Network, he has a vast industrial map in the Philippines, involving gambling, real estate, hotels, and other fields. However, this business tycoon, known as "Brother Twenty-Four," has been embroiled in controversy due to changes in the political situation in the Philippines in recent years. This article will discuss Wang Liduan's business empire, social status, and his relationship with Philippine politics.
1. Wang Liduan's Business Empire
Wang Liduan's industrial layout in the Philippines is mainly concentrated in the gambling industry. His Jiuding Group and Pan-Asia Package Network are important participants in the Philippine Offshore Gaming Operator (POGO) field. The POGO industry once flourished in the Philippines, attracting a large amount of Chinese capital and practitioners. As a "big shot" in the industry, Wang Liduan's influence in the POGO field is significant. It is said that companies wanting to start POGO businesses in the Philippines almost had to "pay homage" to seek his support.
In addition to the gambling industry, Wang Liduan is also involved in real estate, hotels, and other industries, further expanding his business map in the Philippines. His success stems not only from his keen business sense but also from his deep connections in both the political and business circles of the Philippines.
2. "Brother Twenty-Four's" Social Status
In the Filipino-Chinese community, Wang Liduan is known as "Brother Twenty-Four." This nickname not only reflects his status in the industry but also his close ties with the local society. As a successful businessman, Wang Liduan enjoys a high reputation in Philippine society, and his influence extends beyond the business world to the political arena.
However, with the changes in the political situation in the Philippines, Wang Liduan's status has also been challenged. In recent years, the Philippine government has increasingly tightened its regulation of the POGO industry, especially after the former President Duterte stepped down, his political allies and related business interest groups became targets of the new government's purge. As an important figure in the POGO industry, Wang Liduan could not remain unaffected.
3. Political Purge and Industry Transformation
During Duterte's administration, the POGO industry in the Philippines experienced rapid development. However, the industry has also been controversial due to issues involving money laundering and illegal labor. After Duterte stepped down, the new government began to rectify the POGO industry, and many businessmen and politicians closely related to Duterte became targets of the purge.
As one of the representative figures in the POGO industry, Wang Liduan inevitably faced repercussions. Although he holds a high position in Philippine society, his business empire also faces many challenges against the backdrop of political purges. In recent years, the Philippine government has strengthened its regulation of the POGO industry, even considering a complete ban on the industry. These policy changes have had a significant impact on Wang Liduan's business.
4. Controversy and Future
Wang Liduan's success is accompanied by controversy. On one hand, he is a legendary figure in the Philippine business world, having built a vast business empire through his efforts and wisdom; on the other hand, he is also controversial due to his close ties with the POGO industry. As the Philippine government rectifies the POGO industry, Wang Liduan's future is filled with uncertainties.
However, as a shrewd businessman, Wang Liduan has not sat idly by. In recent years, he has begun to shift his business focus to other areas, such as real estate and the hotel industry, to reduce his dependence on the POGO industry. Additionally, he has actively expanded into international markets, attempting to replicate his success in other Southeast Asian regions.
5. Conclusion
Wang Liduan's story is a microcosm of the Philippine business world. His success is inseparable from the unique political and economic environment of the Philippines, but for the same reason, his fate is closely linked to the political situation in the Philippines.
As the Philippine government rectifies the POGO industry, Wang Liduan's business empire faces unprecedented challenges. However, as an experienced businessman, he is clearly not one to give up easily.
Now, when doing business overseas, one must not only focus on business opportunities but also be vigilant about political risks. Only by being prepared can one remain invincible in the ever-changing international environment.
