久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Technology

LeTV slumps as founder announces share sale

By GAO YUAN (China Daily) Updated: 2015-05-27 09:20

LeTV slumps as founder announces share sale

The booth of LeTV Holdings Co Ltd at a mobile Internet conference held in April in Beijing. The cash-hungry LeTV is in urgent need of capital on multiple fronts. [Photo/China Daily]

The company is in need of capital to finance expansion and diversify its range of products

LeTV Holdings Co Ltd founder and CEO Jia Yueting's plan of selling company shares worth more than 10 billion yuan ($1.61 billion) triggered a panic among investors that led to a price dip on the board of listed startups on Tuesday.

The cash-hungry LeTV is in urgent need of capital on multiple fronts, including film making, smartphones, electric car building and sports broadcasting. Jia will lend the cash-outs to LeTV interest-free for five years to ease the liquidity problem the company is facing.

The Beijing-based LeTV also said that it would issue additional shares worth 7.5 billion yuan to replace a previously announced 4.5-billion-yuan new share offering.

The price of LeTV, listed in Shenzhen, dropped by 1.90 percent to 74.89 yuan on Tuesday after recovering from a 10-percent slump in the morning. On the contrary, the ChiNext Index, which tracks China's Nasdaq-style board of growth enterprises, recorded a 4.33 percent increase. LeTV is a major IT company that influences the index.

Li Daxiao, chief economist at Guangdong-based Yingda Securities Co Ltd, said from an investment perspective, it is a smart choice to sell the shares of startups.

"Our research shows that 9 out of 10 investors are selling shares of startups listed in Shenzhen, and the turning point is very close for the ChiNext Index after recent growth," Li said. The ChiNext Index has surged by about 140 percent over the past six months.

Business expansion of LeTV has given Jia a perfect opportunity to reduce his holdings near the peak. LeTV has also been seeking investment for its emerging businesses.

Earlier this month, LeTV's sports arm received a 2.8 billion yuan investment from two rich Chinese enterprises: Wanda Group and Alibaba Group Holding Ltd.

Its smartphone unit, which just released the first-generation handsets, also reportedly received funding worth more than $300 million.

LeTV did not confirm the investment, but a person familiar with the matter told China Daily the deal was "very much the case".

Zhu Dalin, a researcher at Analysys International, said LeTV is in need of strong financial support because it is planning an ambitious ecosystem that could compete with rivals such as Xiaomi Corp.

"A bigger ecosystem will give LeTV an edge in the competition," Zhu said.

LeTV is attempting to utilize its advantage in online content resources to sell hardware such as Internet televisions and smartphones so that users can watch videos free of charge.

It is battling with Xiaomi for the control of living rooms. Xiaomi, a leading smartphone maker, also sells TVs that can play online videos and download applications.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 女人被男人躁得好爽免费文 | 久久久久久久一线毛片 | 美国一级片在线观看 | 国产成人v视频在线观看 | 欧美日韩中文国产一区二区三区 | 中文成人在线视频 | 免费看欧美日韩一区二区三区 | 亚洲免费不卡 | 99精品视频在线观看re | 国产精品一级毛片不收费 | 成人国产网站v片免费观看 成人国产午夜在线视频 | 国产成人午夜福在线观看 | 成人性色生活片免费网 | 国产精品一久久香蕉国产线看 | 在线观看亚洲 | 免费中文字幕 | 我们2018在线完整免费观看 | 在线观看国产精品入口 | 九九综合视频 | 国产一二三区精品 | 91久久福利国产成人精品 | 日本a级毛片免费视频播放 日本a级三级三级三级久久 | 亚洲一区二区在线视频 | 全部免费的毛片视频观看 | 亚洲精品视频免费 | 国产精品亚欧美一区二区三区 | 久久草在线观看 | 一级毛片一级毛片一级毛片 | 美女的让男人桶到爽软件 | 一级一级一片在线观看 | 一级毛片在线不卡直接观看 | 成 人色 网 站 欧美大片在线观看 | 毛片久久久 | 午夜综合| 毛片96视频免费观看 | 三级黄色毛片视频 | 成人欧美在线视频 | 国产aⅴ精品一区二区三区久久 | youjizzxxxx18欧美| 免费看成人www的网站软件 | 夜夜骚视频 |