LeTV
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| Public | |
| Traded as | : 300104 |
| Founded | November 2004 |
| Founder | Jia Yueting |
| Headquarters | Chaoyang District, Beijing, China |
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Area served
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China, United States |
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Key people
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Jia Yueting (Chairman & CEO) |
| Services | Streaming media |
| Revenue |
 CN¥13.017 billion (2015) |
|
CN¥69 million (2015) |
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| Profit |
CN¥573 million (2015) |
| Total assets |
CN¥16.982 billion (2015) |
| Total equity |
CN¥3.928 billion (2015) |
| Owner |
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Number of employees
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4,885 (2015) |
| Subsidiaries | Leshi Zhixin (40.3118%) |
| Website | www |
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Footnotes / references in a consolidated basis |
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| Leshi Internet Information and Technology Corp., Beijing | |||||||
| Simplified Chinese | 乐视网信息技术（北京）股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 樂視網信息技術（北京）股份有限公司 | ||||||
| Literal meaning | Leshi Internet Information and Technology (Beijing) Company Limited by Shares | ||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Lèshì Wǎng Xìnxī Jìshù (Běijīng) Gǔfèn Yǒuxiàn Gōngsī |
Le.com (Chinese: 乐视网; pinyin: Lèshì Wǎng), known legally as Leshi Internet Information and Technology Corp., Beijing, is a Chinese technology company, and one of the largest online video companies in China. It is headquartered in Chaoyang District, Beijing.
Leshi Internet formerly trading as LeTV in English instead of Le.com. However, Leshi Internet still operate the brand Leshi Video in Chinese (Chinese: 乐视视频; pinyin: Lèshì Shìpín).
Jia Yueting founded Letv.com in 2004. It was subsequently listed as a Chinese national high-tech enterprise and went public on the on August 12, 2010. Le.com claims to be the world's first IPO company in its sector. As of 24 March 2015, the market value of Letv amounted to RMB 84 billion.
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 at 8 November 2016, the deal has not been completed.
As 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). By percentage, they owned approx. 42.2% of the total share capital, but 80.6% of them were pledged. At the same time, Le.com borrowed CN¥3.472 billion from Jia family. (although Le.com also had CN¥10.84 million receivable from LeEco, and CN¥74.33 million 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. 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.
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