The site draws an estimated 250 million pageviews per day, 350 million users per month, 100 million daily content viewers on mobile devices, and 10 million daily content viewers on large-screen TVs. Le.com's video streaming service currently offers over 100,000 episodes of TV dramas and over 5,000 movie titles. Products and services Video streaming service On 28 January 2021, The former CEO of LeTV posted that he will be ready to return to China. On, Le.com was delisted by the exchange. In April 2019, the company announced that they received a legal notice from a local arbitration chamber that requesting the company and sister companies such as LeSports, etc., to refund ¥1.4 billion RMB in total to two investment managers: a limited company 深圳市平银能矿投资管理 for ¥1.335 billion RMB and a limited partnership 嘉兴华启一期投资管理合伙企业 for ¥65.00 million RMB respectively. In July 2018, Leshi announced that it was at risk of being suspended from the Shenzhen Stock Exchange due to negative net assets. In July 2017 Jia Yueting resigned as the chairman and CEO. However, in August Truly sued Leshi Zhixin in civil court in order to recover a paid-in investment of ¥240 million RMB, claiming the terms of the investment agreement had been breached. Truly would own 2.3438% stake in Leshi Zhixin for ¥720 million RMB. In February 2017 Le.com formed an agreement with a supplier Truly International Holdings for capital increase. Despite the stake that held by Le.com was unchanged at 36.4046%, Tianjin Jiarui suppressed Le.com as the largest shareholder (46.0507%) of Lerong Zhixin. The stakes were auctioned by the liquidator of LeEco. In September 2018, Tianjin Jiarui also acquired additional stakes of Le Vision Pictures and Lerong Zhixin ( Chinese: 乐融致新 pinyin: Lèróng Zhìxīn former Leshi Zhixin) from Jia's private company LeEco. After the deals, Le.com would still be the largest shareholder of Leshi Zhixin, but for 40.31% only, followed by Tianjin Jiarui for 33.50% and LeEco for 18.38%. In a third deal, Tianjin Jiarui acquired part of the stake of Leshi Zhixin from Le.com and a minority shareholder, for ¥2.302 billion RMB and ¥2.648 billion RMB respectively. In a separate deal, Tianjin Jiarui bought 15% stake of Le Vision Pictures from LeEco. After the deal, Jia Yueting owned 25.84% shares of Le.com (additional 0.6% was owned via LeEco), while Tianjin Jiarui owned 8.61% stake as the second-largest shareholder. On 13 January 2017 Sunac China, via a China-incorporated company Tianjin Jiarui Huixi ( 天津嘉睿汇鑫企业管理) as a proxy for the Caymans-incorporated listed company, bought 8.61% stake of Le.com from Jia Yueting, for an approx. During 2016, Le.com also recapitalized by some private equity funds former subsidiary LeSports was also recapitalized in 2015, making the stake held by Le.com, was diluted to just 10.34% stake. (although Le.com also had ¥10.84 million RMB receivable from LeEco, and ¥74.33 million RMB payable to Le Vision Pictures) The leverage of Le.com had made some media worried the financial health of both Le.com and Jia's privately owned LeEco. At the same time, Le.com borrowed ¥3.472 billion RMB from Jia family. 42.2% of the total share capital, but 80.6% of them were pledged. Īs at 31 December 2015, chairman Jia Yueting and his elder sister Jia Yuefang ( Chinese: 贾跃芳) had pledged 630,994,920 number of shares of Le.com, which they owned just 782,545,454 number of shares in total (including shares held by LeEco). As at 8 November 2016, the deal has not been completed. On 5 December 2015, Le.com announced that the listed company would acquire Le Vision Pictures from LeEco, a holding company majority owned by the largest shareholder, founder and chairman of Le.com, Jia Yueting, subject to the approval of the shareholders of the listed company. As of 2015, the listed company claimed the market capitalization of itself was US$12 billion. Le.com claims to be the world's first IPO company in its sector. It was subsequently listed as a Chinese national high-tech enterprise and went public on the Shenzhen Stock Exchange on August 12, 2010. Previous Leshi Internet logo, used until January 2016.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |