Wang Shi, 75, has gone back to real estate. According to Tianyan Research, on September 28, Shenzhen Shenshi Urban Renewal Co., Ltd. was established with a registered capital of 15 million yuan. Wang Shi is the chairman. Its business scope includes commercial complex management, tourism project planning, investment, and hotel management. It is easy to see from the company's name and business scope that Wang Shi is betting not on traditional real estate development, but on existing real estate opportunities brought about by urban renewal.

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