On the evening of December 29, Faraday Future (FF) received a delisting warning from Nasdaq because its stock price was below $1 for a long time, and it was only one step away from the final delisting. On that day, the FF stock price was **11%, and the * price was only a pitiful 0$23, compared with the peak of FF in 2020 at 1,600 yuan, FF's stock price has been **9999%, Jia Yueting, who "will return to China next week", is getting farther and farther away from turning over.
Compared with Xu Jiayin, Lao Jia is actually much more reliable. Xu Jiayin harvested thousands of buyers and his own employees, while Lao Jia harvested Wang Jianlin, Ma Yun, Sun Hongbin and other richest people and celebrities.
However, if you want to talk about building a car, it's really a demon mirror.
He Xiaopeng, Li Xiang, and Li Bin, who began to build cars, successfully made "Wei Xiaoli" synonymous with new car-making forces;Huawei, which insists on not making cars, has also successfully launched the best question 9 within 10 millionmissed the best time to enter the market, Lei Jun, who only entered the game in 2020, still used 10 billion yuan and years to create the much-anticipated Xiaomi Su7.
And Xu Jiayin, who entered the bureau in 2018 in a high-profile manner, invested more than 50 billion yuan to "buy, buy, buy", known as 3Of the 70,000 reservations, only 1,300 were actually delivered, and the stock price was only a pitiful 0HK$51;Jia Yueting, who was the first to leave the stage in 2014, spent more than 30 billion yuan a year, and only delivered 11 vehicles, half of which were for Jia Yueting and his company founders (after all, the price of a bicycle is as high as 2.2 million yuan, and high-end actors are not easy to find).
It's the same car, why is it so far behind?The reason is simpleThe people in front of them really wanted to build cars;And Xu Jiayin and Jia Yueting need to "build a car"!
Jia Yueting, who has contributed to us forever "returning to China next week", has been active in our economic and financial news over the years, contributing a lot of fantastical stories.
In 2004, Jia Yueting took out 45 million yuan to register LeTV and entered the UCG** field led by competing Tudou and Youku**. Relying on Jia Yueting's genius business sense, LETV did not plagiarize the popular big V route at the time, but chose real gold ** to buy film and television copyrights, stepping on the national genuine net clearing action, and hoarding a large number of high-quality copyright content at the price of cabbage.
The most classic case is the exclusive network copyright of "The Legend of Zhen Huan" purchased by LETV for 20 million yuan, which can still bring more than 10 million dollars a year, with a total of more than 12.7 billion times, and the number of users attracted is immeasurable. It is by virtue of these copyrights that there was a ** report last year that the 400 employees of LETV are still living a fairy life.
In 2010, LETV was successfully listedIt became the only listed and profitable enterprise at that timeAt its peak, the market value once exceeded 200 billion yuan. In 2016, Jia Yueting spent 70 million yuan to grab a 30-second exclusive advertising period in the CCTV Spring Festival Gala that year, and LeTV became a super Internet company at that time. List of high-quality authors
At the same time as going public, LeEco embarked on the road of super expansion. LETV mobile phone, super TV, super car, LETV building, LETV pictures, LETV hotel. In Jia Yueting's speech, LeEco continued to expand at a surprising rate.
Jia Yueting is very likely to be the boss with the strongest PPT and flickering ability in the history of Chinese business. In the list of LETV system financing, there are both Wang Jianlin, Ma Yun, Sun Hongbin, Xu Jiayin and other bigwigs, as well as Zhang Yimou, Deng Chao, Liu Tao, Chen Kun, Zhou Xun, Sun Honglei and other celebrities, according to incomplete statistics on the Internet, the LETV system has raised more than 70 billion yuan. (The picture below shows Jia Yueting's latest Weibo on December 31, 2023, so confident!.)）
The size of the financing and debt itself is not a problem, the key is where the financing is used, and if the income generated can cover the repayment of principal and interest, then there is not much of a problem. And LeEco apparently didn't do that.
In January 2017, Jia Yueting successfully fooled his fellow Sunac Sun Hongbin to spend 15 billion yuan to become a strategic investor. In May of that year, after leaving the classic "return to China next week", he has not returned to the country. In July of that year, LeTV's semi-annual report and the postponed 2016 year-end financial report turned around. At a later press conference, Sun Hongbin's sentence "I was stupid was originally stupid" became a classic in the business and financial circles. Later, LeTV, what impressed everyone the most was probably the creditors from all walks of life who set up tents in the LeTV Building
Four years later, the China Securities Regulatory Commission issued the 2021 No. 16 Penalty Decision, confirming that from 2007 to 2017, LeTV's online listing materials, financial statements, and disclosure information have been falsified and violated regulations for a long timeA total fine of 2 was imposed on LeTV400 million yuan, and Jia Yueting was personally fined 24.1 billion yuan. The end result, of course, is beyond the reach of the whip and cannot be executed. On the road of expansion, financing and burning money, the Jia Yueting family cashed out frantically at the same time. According to the statistics of online articles, Jia Yueting's family cashed out a total of about 17.8 billion yuan.
The funniest thing is that when Jia Moufang (Jia Yueting's sister) and Jia Yueting cashed out, Lao Jia also promised to lend all the cash-out income to the company. The end result was that the money was lent to the company, and the company quickly fled after disclosing that the shareholders had fulfilled their commitments. For specific details, in the CSRC Penalty 2021 No. 16 Punishment Decision, there is a section "LeTV did not truthfully disclose the performance of Jia Moufang and Jia Yueting to the listed company's loan commitments", which used more than 3000 words to elaborate on the specific process, and if you are interested, you can gossip about it.
In addition, in September 2017, it was revealed that "Jia Yueting set up an irrevocable family trust for his three daughters in the United States, with a total amount of more than 200 million US dollars, and his ex-wife Gan Wei was designated as the trustworthy settlor of the trust." The article was quickly refuted by the three parties, but no legal action was later submitted, and online opinions generally believe that the content of the article is likely to be true. Objectively speaking, as a father and husband, Jia Yueting built the strongest castle for his family.
Looking back on LETV's magical experience, some people regret itCopyright, ** smart phone, new energy vehicles, ecology, almost every outlet has been successfully predicted and grasped by Jia Yueting, any one is caught, LETV's ecological chain may really be realized, and the map of China's Internet will also be rewritten.
In fact, it is impossible for Jia Yueting to seize these outlets. For Lao Jia, he only gambled on the copyright of the first thing, and the rest is just the materials needed to make ppt and flicker, go to the market, finance the capital, set it to cash, and then return to China next week, everything is basically in Lao Jia's plan and control.
Everything can be mastered by Jia Yueting, which is a very sad thing for the general public!The order and rules in our commercial and financial fields are still too immature, and in our system, Jia Yueting, large and small, can often be seen, and in some fields, it is easier to obtain profits from speculation than from operating in this direction.
The neglect and indulgence of those who violate the law and regulations is actually an infringement on those who abide by the law!When Jia Yueting was carefully designing and implementing the perfect fraud plan,Musk on the other side used the money earned by Tesla to set off the most expensive fireworks and run to the sea of stars in the universe;What's even more enviable is that they also have Google, Microsoft, Apple, Amazon, IBM....
Hopefully, in the near future, Ren Zhengfei and Huawei will not be alone again!
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The 71st article of the same name [Weiyan Finance] on the whole network is original, using logical thinking to analyze the laws behind economic life. It's not easy to write after work, if you think it's good, help pay attention to it!