On July 10, Dalian Wanda and Sunac China Holdings jointly announced the plan for the latter to purchase Dalian Wanda's 91% stake of 13 cultural and tourism projects. From the public information, Dalian Wanda’s deal has the characteristic of "buy low, sell high", yet the tycoons of Chinese property like Pan Shiyi, Wang Jianlin and Li Ka-shing, have sold assets and left the scene, and this is sign that reflects multiple trends and problems. First, the Chinese real estate market has passed its historical peak; second, they are full of doubts about China's economic prospects; third, there is an increase in the concern for the safety of assets. Under these multiple factors, the re-allocation of private capital has just begun.