Letv started with film and television copyright. First, LeTV took the lead in listing, and then it became an instant hit with super tv. Then letv began to attack everywhere. Mobile phones, automobiles, movies, sports, finance and cloud services, LeTV's tentacles have extended in all directions, and its stalls are getting bigger and bigger. However, whenever you think about it carefully, you will find that LeTV is not in the first echelon in these industries. It is not realistic to build an ecosystem like Xiaomi. In addition, what is most needed to build an ecological chain? Money! Letv burns money on a large scale, and once there are some problems in the capital chain, it will have an avalanche effect. Letv burned too much money, acquired 21.80 billion shares of Coolpad 18%, and then took out 900 million to become the largest shareholder of Coolpad; 700 million dollars to acquire easy-to-use cars; TCL 6543.8+09 billion shares; ; 2 billion dollars to acquire American TV manufacturers; Invest 20 billion RMB in Deqing to build an eco-car super factory. In addition, LeTV Sports still has more than 60% of the copyright fees for sports events to pay. It is no wonder that Jia Yueting embezzled XX billion from Yi Dao, which is also a helpless move. In order to save himself, he began to do whatever it takes. Recently, the bank froze more than one billion assets, and found that LeTV Building was about to collapse, so it quickly took necessary measures to stop the loss.
In short, LeTV can't enter the first echelon of BAT, and there is no way to burn more money. The market has been eliminated.