Jia Yueting, which was once known as "China."Jobshas now become "China's biggest fool". HisLeTVThe empire, from **, film industry, sports, TV, mobile phones, automobiles and other fields, expanded all the way, burned money all the way, owed debts all the way, and finally fell intoFunding chainBreak, stock price**,EquityFreezingDebtThe dilemma of recovery and litigation is entangled.
Jia Yueting, an ambitious man, his goal is to build a super platform that covers all fields and allows users to play inLeTVof the ecosystem that consumes a variety of products and services. In order to achieve this goal, he did not hesitate to raise a large amount of money, acquire copyrights, invest in research and development on a large scale, expand the market on a large scale, subsidize users subsistically, and boldly commit to shareholders. Behind him is the expectations and dreams of countless peopleLeTVThe empire became China for a timeTechnologyStart a businessof the stars.
However,Jia Yuetingof high riskHigh leverageThe practice eventually led toLeTVThe collapse of the empire. His ideals are far from reality, the bluff and cash flow do not match, hugeDebtand profitability as the opposite. He piled it up with overextension and unrealistic business strategiesLeTVThe empire is outwardly prosperous, but it cannot hide its internal weakness.
Jia YuetingofLeTVEmpire is a complete "platform content terminal application" based on the ** industry, content industry and intelligent terminalsEcosystem, known as "".LeTVmode". LeTVThe empire was once known for its crazy expansion and powerful ecosystem, attracting the attention and pursuit of countless users and investors.
LeTVThe collapse of the empire did not happen overnight, but stemmed from the accumulation of a series of problems and challenges. First of all,Jia YuetingHigh riskHigh leverageThe business model has led toLeTVImperialFunding chainFracture. He did not hesitate to borrow to expand, but he could not repay it in timeDebt, which eventually led toFunding chainof the break andDebtof surges.
Secondly,Jia Yuetingoverextension and unrealistic business strategies make itLeTVThe empire is in trouble. He continued to invest heavily in acquisitions and R&D, but failed to achieve the corresponding economic benefits. LeTVThe empire has serious losses in copyright, content and smart terminals, and its profitability is difficult to support his expansion plans.
In addition,LeTVThere were also big problems with the management and operation of the empire. Jia YuetingExcessive centralization and failure to establish a sound corporate governance structure have led to poor decision-making and regulatory failures. At the same time,LeTVThe empire also has deficiencies in talent, marketing, channels, etc., and cannot effectively respond to market competition and changes.
Jia Yuetingof individualsBankruptcy reorganization, is a plan he proposed in the United States in October 2019 to pass or transfer his in FFEquity, as well as to provide to creditorsLeTVNetto pay off his huge amount in ChinaDebtwhile retaining control of FF and continuing to advance FF's automotive program.
However,Jia Yuetingof individualsBankruptcy reorganizationFaced with great difficulties and challenges. First of all, the FF he hasEquityThe value is difficult to determine. FF's car project has not been delivered, and there is also a lack of a clear market outlook. In addition, FF also faces many problems in technology, capital, talent, management, etc., which make these problems makeJia YuetingffEquityThe value is not optimistic.
Secondly,Jia Yuetingto creditorsLeTVNetThere is also the problem of cashing out. LeTVThe stock price has been hovering at a low level, and it may be suspended or delisted, or even auctioned or frozen by other creditors or the court. This makesJia YuetingYesLeTVNetto pay offDebtThe plan is fraught with uncertainty and risk.
And most importantly,Jia Yuetingof individualsBankruptcy reorganizationAlso influenced by ChinaLawsand regulatory constraints. As a judgment defaulter,Jia YuetingIt is listed as a prohibited market and restricted consumption list. His assets andEquitysubject to the jurisdiction and control of the courts of China, individualsBankruptcy reorganizationIt is unclear whether the plan will be recognized and implemented in China.
Fourth, the views of netizens:Jia YuetingStill painting pies in reality?Netizens are rightJia YuetingOpinions vary, but facts speak louder than words.
ForJia Yuetingopinions, netizens have mixed reviews. Some people think that he is a visionary, innovative and bold entrepreneur who has led ChinaTechnologyThe trend of innovation, hisLeTVThe model is a forward-looking concept, and his FF project has great potential. His personalBankruptcy reorganizationIt is a reasonable choice, fleeing is a helpless move, and failure is a tragic ending.
However, there are also those who thinkJia Yuetingis a shameless, incompetent, unscrupulous **, hisLeTVPatterns are an empty concept, and his FF project is a tool for the best. His personalBankruptcy reorganizationIt is a fraudulent means, fleeing is an act of perfidy, and failure is a well-deserved result.
Judging by the comments and votes on the Internet, yesJia YuetingNetizens with a negative attitude occupy the vast majority, they thinkJia YuetingIt's a big fool, he's still painting cakes, he's not going to return home, he's not going to pay back, he's not going to succeed, he's not worthy of sympathy, he's going to be punished.
In the end, however, only time will tell. We can only hope that,Jia YuetingBe able to recognize the reality, get back on track, fulfill responsibilities, and pay offDebtto redeem credibility. Only in this way can he regain his dreams and truly earn people's respect.