1. From the peak of 20 15 to May, 2020, Letv. com stopped trading for five consecutive years, and 280,000 shareholders lost their money. It is normal for large enterprises to expand their business around the core circle, and finally there will be two situations:
One is to seize the core circle, or launch more businesses that meet its needs, or expand to the close circle, and then become a large-scale enterprise.
On the other hand, an enterprise that has no sense of business circle expands vigorously and grows in scale, but it has no sense of business circle. When it expands vigorously and grows in scale, it is likely to be the result of bankruptcy. Obviously, the second situation of LeTV is going on.
Second, the capital operation of LeTV:
20 10, letv was listed successfully, and letv raised 730 million yuan through IPO. Raised 6.028 billion yuan through three private placements; Raised 2.53 billion yuan through five bond issues;
20 12, letv zhixin won tens of millions of investment in innovation works a round;
In 20 13 years, LeEco Zhixin received 337 million yuan in financing. In addition to its own LeTV network and LeTV Holdings, Shenzhen Guanding Construction Engineering Co., Ltd., a subsidiary of Foxconn, also increased its capital to LeTV by 65.438+300 million yuan, holding 20% of the shares.
In 20 14, letv added 405 million yuan to letv. In August of 20 13, letv received a series investment of 200 million yuan from Shenzhen venture capital.
2065438+In September 2004, LeTV received a series B investment of 340 million yuan from Hengtai Capital;
20/kloc-in may of 0/5, letv sports announced the completion of 800 million yuan series a and A+ financing.
20 15, 1 1 month, with the first round of financing of 530 million USD (about 3.6 billion RMB);
2065438+In April 2006, LeTV Sports announced that it had obtained 8 billion yuan in Series B financing;
From 2065438 to February 2006, Leshiyun obtained a series of financing of 1 100 million yuan, which was financed by Chongqing Strategic Emerging Investment Parent Fund jointly established by Xingen Capital and Chongqing Yufu and other financial institutions.
2065438+August 2006, LeTV Supercar received the first round investment of 65.438+0.8 billion US dollars (about 7.2 billion yuan) from Shenzhen Venture Capital, Legend Holdings, Oceanwide, Xinhualian and Zhao Hong Group.
2016165438+1October 15, letv supercar won Jia Yueting? China, a good classmate? 600 million US dollars (about 4 1 100 million RMB) was put into fire fighting;
20 17 In June, LeTV received a strategic investment of16.8 billion yuan, of which15 billion yuan came from Sunac China, the second shareholder of LeTV.
During the seven years in LeTV running all the way, the total financing amount of LeTV system reached 72.859 billion yuan. Since the listing of 20 10 letv, the average annual financing amount of letv is 65.438+00405 billion yuan, far exceeding the financing amount of most listed companies and most developing internet companies. However, the funding problem of LeTV still appears, mainly because compared with the rapid financing expansion business of LeTV, the speed at which LeTV invests and spends money is even more alarming. Eventually led to the loss of income.
There are irreversible problems in LeTV's strategy and risk control. In the process of running enterprises, Jia Yueting's risk preference is too high, and finally investors' investment of more than 70 billion yuan is almost wiped out.
On July 2, 2020, Jia Yueting issued an open letter in Weibo declaring bankruptcy, and mentioned that a trust fund would be established with Faraday's future equity. Individuals no longer hold Faraday's future equity, and the compensation of ordinary shareholders accounts for less than 65,438+00% of the total fund.
On May 14, 2020, Shenzhen Stock Exchange decided to terminate the listing of LeTV.
On July 2, 2020, KLOC-0, Letv officially delisted and terminated its listing.
It is said that his hometown is Ganluo County, he is now 30 years old, and he is also employed by Guangcai Fund Company.