Dialogue with LETV people: that year, I was full of ambition to join LETV and prepare to do a big job

category:Finance
 Dialogue with LETV people: that year, I was full of ambition to join LETV and prepare to do a big job


Some people in LETV only practice for 3 days, and then slip away;

Someone has worked in LETV for 2 years, from 2015 to 2017, just witnessed the whole process of LETV from prosperity to decline;

Some people have become a part of LETV ecology, but in return, LETV still owes 4.5 million yuan.

You can make headlines when the wind blows

2015 is the year when LETV has unlimited scenery.

In particular, on May 13, 2015, LETVs share price rose to 44.72 yuan per share, with a market value of over 170 billion yuan.

Xiao Zhang is a student of a 985, 211 university in Beijing, majoring in administration. He told the Red Star capital bureau that at that time LETV was a big company, not only him, many people wanted to take the internship offer of LETV.

After delivering his resume, he became an intern of LETV and started the operation of the website.

In 2015, he joined LETV, as well as Xiao Liu (a pseudonym).

In Xiao Lius opinion, there are only a few LETV employees who muddle along, and everyone is hope the company has a bright future. She is the same, full of ambition to join leeco, ready to roll up the sleeves and do a big job.

In her two years of working in LETV, Liu has almost experienced the grand events of LETV from 4.14 to 9.19.

Now when it comes to e-commerce manufacturing festival, people will think more of double 11 or 6.18, but during that period, LETVs reputation of 4.14 and 9.19 was no less than that of other e-commerce festivals.

Jia Yueting and his star friends

For Liu, what impressed her most was that she met Jia Yueting at the preparatory meeting of the conference. At that time, she sat in the last row, watching Jia Yueting eat tomato and egg box rice while having a meeting with everyone to discuss the details of the conference.

She wrote a piece on the social platform: as a grass-roots employee, I never dared to fantasize about meeting with Robin Li and Ma Yun in a conference room, but I felt a different spirit of entrepreneurship from Lao Jia.

Interns leaving for three days

Why do you leave LETV?

Lets suffocate for our dreams! Since Jia Yueting shouted this slogan, LETVs ecological dream has gradually reached its peak.

At that time, Jia Yueting proposed LETV seven ecology, including Internet content ecology, cloud ecology, sports ecology, TV screen ecology, mobile phone ecology, automobile ecology and Internet Ecology.

From LETV network to LETV sports, which owns the copyright of major sports events, to LETV TV and LETV mobile phone, LETV ecology almost covers the upstream and downstream of multiple industrial chains, trying to create a kingdom.

However, in the sunrise of LETV, Xiao Zhangs internship is not smooth.

The atmosphere of LETV made him dislike it. Apart from his work, the colleagues around him hardly communicate. He even felt that there was no room for himself. After three days of practice, Xiao Zhang slipped away.

Now when it comes to leeco, Zhangs biggest impression is that the work station is too small.

At a glance, I can see the wechat (content) of my colleagues at the next station, which makes me feel insecure. I feel that everyone behind me can see my chat content. If you sleep on your stomach, you will go to the next station with your elbows. Xiao Zhang told the Red Star capital bureau that this was the fuse for him to leave after three days of internship.

At that time, LETV building had been put into use. As the headquarters of LETV, with the layout of Jia Yueting in LETV ecology, the whole expansion is more or less reflected in the use of the building.

In the first 11 months of 2016 alone, LETV added more than 5000 employees. Jia Yueting said that the speed of personnel expansion is rare in the industry - which may also be one of the reasons for the small number of staff positions.

LETV supplier

Who knows the dream of LETV will fall

LETV ecological experience store, according to Jia Yuetings microblog

In 2016, LETV continued to open offline experience stores. In this year, Lao Su (pseudonym) became the store construction supplier of LETV. He was responsible for the brand stores of LETV in the southwest area, from the initial decoration to Exhibition cabinets, to light boxes, all of which were contracted by him.

Old Su has been to LETV building and heard of dream of LETV.

Lao Su became a supplier of LETV through bidding, and the reason for participating in the bidding was simple. It was a listed company, who knew it would collapse at that time.

After becoming the supplier of LETV, Lao Su went to LETV building many times. Each year, we will attend a strategic meeting of LETV, which is mainly about the market layout of LETV.

We are the bottom tier suppliers. When we go to meetings every year, they will say their strategy is what they plan to do next year and what changes will happen in the market. Old Su told Red Star capital Bureau.

More than 100 stores need to be built in a month, but these stores are basically closed now. Old Su said. I had to pay every month, but it didnt pay all the time. I went to Beijing to ask for payment at the end of the year. When we went, it paid a little, only a small proportion.

In November 2016, Jia Yueting sent an internal letter, LETVs sea water and fire: is it engulfed by huge waves or boiled? u300bu3002 In the letter, Jia Yueting acknowledged that the financial support was insufficient, the pressure on the supply chain increased sharply, and the aftereffect was obviously weak.

At that time, LETVs payment to Lao Su had reached about 8.2 million yuan.

The money hasnt arrived, and Lao Su cant let it go. After entering 2017, in more than a year, he has been to Beijing many times. The longest stay in Beijing is more than three months. From May to September, people live in the hall of LETV building.

And more than one supplier like him who was in arrears rushed from all over the world to LETV building. Lao Su told the Red Star capital Bureau, there will be more people in 17 years. At most, there may be four or five hundred suppliers in its headquarters. We dont know each other, but everyone is there..

During that time, many media reported on the suppliers who went to LETV building to collect debts. The suppliers printed the banner of LETV pays back money, wrote the words LETV pays back money on the white clothes, and even occupied the hall of LETV building.

After a period of continuous debt collection by suppliers, Xiao Liu also welcomed the biggest crisis after she became an employee of LETV - layoff. In July 2017, Liu left LETV because of layoffs.

In fact, Xiao Liu was not the only one who was laid off. According to media reports, in July 2017, a large-scale layoff took place in LETV.

Liu refused to talk to Hongxing capital bureau more about the events of that year. She thought that many of them were personal feelings, which was not convenient for the public.

Far away Jia Yueting

The left leeco becomes a mess

It was also in July 2017 that Jia Yueting flew to the United States, and the unfulfilled return to China next week was just a stumbling block for netizens.

Even though Jia Yueting still focuses on FF cars in the United States, he has to admit that his dream of LETV ecology has broken down, and he himself has applied for personal bankruptcy reorganization in the United States.

Even LETV building was renamed Le Rong building and even opened the judicial auction process at one time, but the auction was finally stopped because outsiders raised objections to the auction property.

It has been three years since the crisis broke out in 2017, but LETVs defeat still hasnt been cleaned up.

At present, LETV has paid off part of the accounts payable of Lao Su, and the debt has been reduced from 8.2 million yuan to 4.5 million yuan. Lao Su has no hope of catching up with the remaining huge amount. Now its a bad debt. If I lose, Ill lose. If Im carrying these pressures, Im suffering. Its impossible for me to jump from the building. I have to start all over again. Old Su said. On May 14, LETV stopped listing, and the giant with a market value of more than 170 billion yuan fell. Whether its Xiao Zhang who has only practiced for 3 days in LETV or Xiao Liu who has worked in LETV for 2 years, they are filled with emotion. Liu and his former colleagues have also been paying attention to LETVs situation, and talked about the delisting with the Red Star capital Bureau, we all feel very sad.. Source: Zhang Mei, editor in charge of Chengdu Business Daily_ NF2100

At present, LETV has paid off part of the accounts payable of Lao Su, and the debt has been reduced from 8.2 million yuan to 4.5 million yuan. Lao Su has no hope of catching up with the remaining huge amount.

Now its a bad debt. If I lose, Ill lose. If Im carrying these pressures, Im suffering. Its impossible for me to jump from the building. I have to start all over again. Old Su said.

On May 14, LETV stopped listing, and the giant with a market value of more than 170 billion yuan fell.