1, Jia Yueting, male, Han nationality,1born on February 6, 973, from Xiangfen, Shanxi. How did the president of LeTV, who reached 725.9 billion yuan, fall from the peak? The story begins with Jia Yueting's ecological dream of intelligent terminal. 20 13 10 10, letv, led by Jia Yueting, launched a 50-inch super tv S50, with a price of 2499 yuan.
2. Why did Jia Yueting fall from a billionaire to the brink of bankruptcy? In fact, the core root of this problem is still in Boss Jia himself. As the saying goes, if you don't die, you won't die.
3. At the peak of its career, Jia Yueting can be described as a winner with a capital of 42 billion. But he still failed and became a drowned rat. Jia Yueting and Sun Hongbin competed for Letv, and finally Sun Hongbin won. What's left is LeTV, an empty shell with heavy debts. Jia Yueting is in debt of 7.3 billion.
Jia Yueting has developed rapidly from its own music department. However, after the rapid development of LeTV, he showed blind confidence in himself. At the same time, he did not gradually expand step by step. It is extremely confident and risky to carry out the layout of the company's ecology.
How did LeTV, which still owes 654.38+022 billion marketing, close down?
1. The main reason is that netizens have checked the icons of various traffic apps respectively. On the occasion of the arrival of the Year of the Ox in the Spring Festival, Baidu is divided into 2.2 billion, Tik Tok is divided into 2 billion, Alipay is divided into 500 million in Five Blessingg, Pinduoduo is directly divided into 2.8 billion, and Aauto Quicker is divided into 265.438+billion. Letv icon shows that it owes 654.38+022 billion, which forms a contrast effect.
2. Although the process went smoothly at first, some financing of LeTV, such as that of Sun Hongbin at that time, was only used by Jia Yueting to pay off debts, resulting in no cash flow of LeTV, the capital chain was broken, and LeTV closed down and delisted.
3. In fact, some netizens speculate that 654.38+022 billion is just the amount of red envelopes distributed by various platforms. In fact, 654.38+022 billion is not the amount owed, but the exact amount. At present, the specific amount owed is subject to the annual report published by LeTV.
I missed a good opportunity to play myself. So the letv crash began. Moreover, this debt of 65.438+0.22 billion is only for LeTV. In other industries of LeTV, Jia Yueting has to pay about $9 billion (nearly RMB 60 billion) in compensation, including over $8.6 billion in secured claims and $8.6 billion in debt claims from China.
5. On the morning of February 7, 2008, LeTV responded to the words "654.38 billion+02.2 billion" in the App, saying that it would not affect the use, and LeTV video was still in operation. He also said that although there are difficulties, we should be more optimistic in the face of adversity.
What is the ins and outs of the LeTV event?
1, 165438+2008 10. On 6 October, Jia Yueting, the head of LeTV, sent an internal letter to all employees, saying that the current shortage of funds is still concentrated on mobile phones, mainly the problem of the mobile phone supply chain, and reflected on the company's lack of funds due to the fast pace, and announced that it would stop burning money to expand.
2. LeTV received the decision of administrative punishment from Beijing Securities Regulatory Bureau.
3. The letter of apology states that all creditors will share the future success of FF as FF shareholders; For the shareholders of LeTV, they can also get the compensation from the creditor's trust after meeting certain conditions.
4. Since the serious loss of LeTV's mobile phone business led to the shortage of LeTV's capital chain, LeTV's empire entered the abyss and went up in smoke.
5. In the end, LeTV failed to persist, and financial problems spread to the industry, resulting in LeTV's losses and difficulties in turnover. I really did what I said a few years ago and dragged down a listed company.
How did LeTV decline?
Since the serious loss of LeTV's mobile phone business led to the shortage of LeTV's capital chain, LeTV's empire has entered an abyss and turned into a bubble.
Due to the financial difficulties of enterprises, many copyrights of LeTV have no way to bid, which gradually leads to the deterioration of the situation, directly leading to the distribution of copyrights and affecting the competitiveness of enterprises.
The fundamental reason is that LeTV is expanding too fast, eager for success, trying to do everything well, and finally nothing succeeds. At that time, LeTV expanded everywhere, and all the projects that the upper level thought could be profitable were invested, and then they waited to collect money.
Letv video response: be more optimistic in adversity. At that time, LeTV used to be a popular fried chicken, but it also gradually declined.
Finally, the bankruptcy reorganization is completed! Who knows the whole process of Jia Yueting LeTV event?
On the morning of February 2nd, Jia Yueting published an article entitled "Starting a Business by Working, Restarting Life with My Apology, Thanks and Commitment" in his personal Weibo, saying that his personal bankruptcy reorganization application in the United States was finally completed, the reorganization plan came into effect, and the creditor trust was formally established and began to operate.
Jia Yueting incident: Jia Yueting, founder of LeTV Holding Group and global chairman of LeTV Auto Ecology. Jia Yueting founded LeTV in 2004 and went public six years later. Letv started with video content, and then expanded greatly. LeTV's ecology has gradually extended to smart terminals, sports, automobiles and other fields.
When Jia Yueting flew to the United States, the court listed Jia Yueting, the legal representative of LeTV at that time, as a faithless person, while Jia Yueting changed from a billionaire boss to an old lai who fled the country.
After seven months, Jia Yueting's personal bankruptcy reorganization finally passed. The investment community has learned that Jia Yueting's personal bankruptcy reorganization case held its last hearing at the Bankruptcy Reorganization Court in the Central District of California at 2 1 local time, and was finally confirmed.
Yes, it is reported that Jia Yueting's personal bankruptcy reorganization has been finally confirmed and passed by the bankruptcy reorganization court in the Central District of California. 2065438+On July 5th, 2007, Jia Yueting went to LA for a "regular meeting". On July 6th, 20 17, he made a personal statement in Weibo, saying that he would "take full responsibility and do his duty to the end".
Who ruined letv?
1, the status quo of LeTV It is understood that LeTV has not closed down, but the status quo is not good. Letv started with film and television copyright, and then Letv began to attack everywhere, in mobile phones, automobiles, sports, finance, cloud services and other aspects. Getting bigger and bigger. Letv burns money on a large scale, and once there is a problem in the capital chain, it will have an avalanche effect.
2 2. 10/October 6, 165438, Jia Yueting, the head of letv, sent an internal letter to all employees, saying that the current shortage of funds is still concentrated on mobile phones, mainly the problem of mobile phone supply chain, and reflected on the company's lack of funds due to too fast pace, and announced that it would stop burning money to expand.
3. In the announcement on July 6th, LeTV disclosed that it planned to expand the board of directors of the company to eight, and proposed to nominate Sun Hongbin, Liang Jun (general manager of LeTV, who was in charge of the new business of LeTV) and Zhang Zhao (chairman and CEO of LeTV Pictures) as non-executive directors of the company.