Wu Bing may be an unfamiliar name to many, but when it comes to popular films like "The Founding of a Republic" and "Go Lala Go," there are deep impressions. These films produced by DMG Media have received unanimous praise after their release, and Wu Bing is the president of DMG Entertainment Media Group. Wu Bing's fame is not limited to this; before becoming president, she was already a successful figure with a glorious starting point as a national gymnastics champion. She later ventured into the entertainment industry, ultimately achieving her peak moment during the DMG period. However, she has now become known as the "biggest disgrace in sports."
Wu Bing began gymnastics training at the age of five. After seven years of training, she gradually stood out in the gymnastics team. At the age of 13, she won the national women's all-around gymnastics championship with outstanding performance. Her achievements were not accidental; she put in a lot of effort and demonstrated her extraordinary gymnastics talent. However, Wu Bing was not content with this. At the age of 17, she turned to synchronized swimming and proved her athletic prowess once again by winning the national championship just three years later.
At that time, Wu Bing was crowned with the title of "double champion," becoming the darling of the sports world. This is a moment of pride for any athlete. Wu Bing is very good at managing herself. After retiring, she entered university for further education and later went abroad to serve as a gymnastics coach. From the development path she planned for herself, it can be seen that she is a woman who is not content with the status quo and eager to explore new fields. Her fighting spirit is indeed admirable. When everyone thought she would continue to develop in the sports field, her life trajectory changed again.
In 1991, Jackie Chan needed an actress with martial arts skills for his film. Wu Bing, with her gymnastics background, not only had a solid sports foundation but also a good appearance. She successfully obtained this role, which marked the beginning of her transition to the entertainment industry. The title of "double champion" allowed her to get many opportunities to shoot action scenes. However, as her popularity grew, she did not receive high compensation, which was far from the affluent life she expected. When she learned that entertainment companies were the real money-making industry, she prepared to make a big move.
During her acting career, Wu Bing met many directors and wanted to use these connections as the foundation for building an entertainment company. However, these directors were not willing to easily "test the waters." Just as Wu Bing's entrepreneurial idea was about to fail, a man appeared in front of her, Xiao Wenge. Xiao Wenge came from a military family and originally worked in a government agency. After the reform and opening up, he went to the United States to do business. By chance, he met Wu Bing and became infatuated with her. Later, he took out his own resources to support Wu Bing's entrepreneurship, and DMG Entertainment Media Company was officially established in 1993.
Wu Bing is very good at management. To expand the company's influence, she also invited well-known American producer Dan Mintz to join. The company then launched popular films such as "The Founding of a Republic" and "Go Lala Go," gaining the love of the audience. DMG developed very smoothly. Under Wu Bing's operation, the company also cooperated with Hollywood to jointly launch sci-fi blockbusters such as "Resident Evil," "The Code," and "Iron Man 3," making DMG a household name in the entertainment industry.
At that time, DMG was the first media company in China to establish itself in Hollywood, and she became the first Chinese female producer in Hollywood. Her reputation and influence reached their peak. During this period, Wu Bing was undoubtedly a successful woman with ideas, pursuits, and actions. Although luck played a part, more importantly, it was recognition of her ability to manage the company. However, what no one expected was that she would gradually lose herself in the arena of fame and wealth when the company had a promising future.
As DMG's business continued to expand, Wu Bing and her partners began to consider going public to attract more investors, which is something many large companies dream of. However, while a gentleman loves wealth, he should obtain it in a proper way. Wu Bing, on the other hand, used the "backdoor listing" operation to successfully attract a large amount of funds for DMG Media Company. From 2014 to 2016, the company's revenue exceeded 2 billion yuan every year, and the stock price soared. She lived the luxurious life she longed for, owning her own mansion and luxury cars.
However, this glamorous life did not last. Driven by greed, Wu Bing transferred the company's financing funds overseas, leaving the company with nothing but an empty shell. When DMG Media Company encountered difficulties, problems such as investment failures and mismanagement followed, and it was only then that people realized the company was heavily in debt. Wu Bing treated the funds of the stockholders as her own cash machine, seriously harming the interests of investors. Yet, she fled to the United States with Xiao Wenge, taking away more than 4 billion yuan.
They bought mansions, luxury cars, and private jets in the United States, living a carefree and luxurious life. The former sports celebrity has now become a "disgrace in sports" that everyone is calling for. She completely forgot that integrity and morality are the cornerstones of success. Now she is avoiding responsibility abroad, but she can only enjoy temporary pleasure in a foreign land. The rights and interests of more than 30,000 small shareholders of DMG Entertainment Media Group have yet to be resolved, and condemnation and questioning will accompany her for the rest of her life.