It is this that has made LeTV, which once attracted worldwide attention, come to the end of the suspension of listing in just a few years. Why? Because letv has already had a serious capital chain break crisis. At the end of 20 16, Mr. Jia said in an internal letter that there seems to be a problem with LeTV's funds. By the middle of the following year, LeTV had laid off a large number of employees, which made many people find the signs. Sure enough, in July 20 17, Mr. Jia left a mess and went to the United States to be called by the company to complete the financing task, and he has not returned yet. At present, LeTV is insolvent. Letv's financial report in the first quarter of this year shows that the non-current liabilities due within one year are 640 million, and the short-term loans are as high as 42.08 million, but the book capital is only 250 million yuan. On the whole, the total liabilities of LeTV are as high as 20.9 billion yuan. In the face of high debt, Letv.com issued an official announcement, and its trademarks such as lv LeTV TV were auctioned. The final auction price was 1.3 1 billion yuan, but in the face of huge debt, this fund was a drop in the bucket.
With the decline of the main business, there are few valuable assets left by LeTV, and its core businesses are only video websites and film and television production. However, the current market structure has changed. In the turbulent changes, LeTV's share is also quite small. If this money-burning business does not have the support of big money owners, it is a question whether it can continue to operate in the future. In addition to the extreme shortage of funds, authoritative website information shows that LeTV currently has 3096 judicial cases, which makes many people shudder.
Looking back at the early stage of LeTV's development, it bought a large number of film and television copyrights at a low price and stood at the forefront of the transformation of video websites. From 2007 to 2009, the video websites at that time were basically unprofitable, and they were all looking for exports. At this time, LeTV has achieved profitability in the financial report. It was not until August 20 10 that letv went public that it became the first bull stock of A-share online video. With the development of the company, Mr. Jia's ambition is growing. In his mind, LeTV's seven ecosystems will be built together, namely, Internet and Letv Cloud, big-screen super tv, content, mobile phones, sports, automobiles and finance.
In the annual report of 20 13, we can see that LeTV super tv was listed at that time, and its sales volume has exceeded 300,000 units. By 20 15, super tv had sold 3 million super mobile phones and 4 million super mobile phones, which made the share price of LeTV go up all the way, reaching the historical peak of 65,438+in May of 20 15.
There are more and more funds. Teacher Jia said that we should build the automobile industry in the Internet era and be the best Internet smart car, but everyone knows that cars are heavy assets projects. For this ideal, how long can a company that started with video last?
Founder Jia Zong 2065438+has never returned to China since he flew to the United States in July 2007. Although he said before leaving that he would stick to the end, more than three years have passed and there is no sign of coming back. On the contrary, at the beginning of this month, he announced that he would start his life again, claiming that he was bankrupt in the United States and the creditor trust began to operate. For nearly 30 Wan Le shareholders, he thinks that he has made a promise and can get corresponding compensation from the trust.