When coming back to China, Jia Yueting, who has been in the United States for more than four months, said in an interview with the media that the most important task at present is to finish the round A financing of FF, So he will not return for the time being because he fears: 'Once you return to the United States and you can not come back to the United States, FF's financing will go to collapse.'
Jia Yunting, who has been in the United States for four months, has always been a topic of conversation, but it is only the first time that he or she has publicly faced the media. "The night before, Tencent Prism published an exclusive interview with Jia Youting, Month, I think of something, "which Jia Yueting on many topics of concern to the outside world to respond to this 150-minute dialogue, Jia Yueting on some things to admit that they had too 'decision', such as However, he also resolutely clarified some speculations from the outside world, such as the rumor about the IPO music IPO and the huge amount of property he has acquired from LeTV.
It should be said that this is a relatively positive report on Jiayue Ting and LeTV, which is also widely spread by LeTV's employees, but LeTV Holdings did not make any specific comments on this .. Facing the severe debt problems and the delay of Jia Yueting Do not return, this article is exactly what Jia Yueting and his career to bring much positive energy remains to be seen.While it is worth noting that, in these two days, the new head of music Watch Sun Hongbin also suddenly 'bare their hearts and minds' , On the one hand to excuse Jia Yueting, 'really did not earn much money', on the other hand, said 'I have not started doing', so that people have confidence in music and patience.
Back home
Jia Yunting worry about being restricted from leaving
Since leaving Beijing in early July to board flights to the United States, Jia Yueting has never returned to mainland China after a lapse of four months. This made Jia-Ting Ting a music embassy in the country as inevitably embarrassed because they had previously told the outside world Said that he will return home in about half a month or so and subsequently continue to delay the possibility of returning to China next week, so that her return home next week, Jia Yunting, has even become an online circulation.
In response, Jia Youting admitted frankly that he was unable to return to China on the one hand, just as the official said he would like to stay in the United States for his smart car project Faraday (FF) fight for the A round of financing, on the other hand, he also admitted Fearing that they will be restricted from leaving China and spending more on their return to China, all of which will have a direct impact on the progress of FF's financing. "Once returned to the United States, the financing of FF will collapse and collapse."
Jia Yueting frankly, the current music over the entire debt 200 billion, of which he personally assume the joint responsibility of 10000000000 yuan.He said he is in the music as the non-listing system of equity, real estate and listed company system equity, a total of about 40 billion Assets were frozen in China When talking about exactly when to return, Jiayue Ting said the current priority is to complete the FF round of financing, so for now will not return.
Reflection
Regret the bank should not have all the money back
For music as it is today, Jiayue Ting argues that the ability of an organization to divide its strategy, business and capital into three is very strong in our strategy and business and weak in capital capability. He disclosed that in fact, Very difficult, at that time, music's cash flow is divided into two parts, operating cash flow and financing cash flow, and music as over-reliance on financing cash flow.One typical example, but also lead to the ultimate cause of music as the final critical crisis eruption is Jiayue Ting will Sun Hongbin More than 100 billion yuan investment in music as soon as they used to repay the bank loans. 'At that time I simply want to defend the company's reputation in the financial institutions, maintaining financial credibility is right, the wrong way, should not be the principal returned, It should only pay interest and spend most of its financing on business, so that operating cash flow will naturally come up.
At the same time, Jia Yunting denied that he had made huge returns from LeTV. Instead, he was under pressure to cause his own family because his career was frozen. The house was left with a house left, or the name of her (referring to his wife Gan Wei) Buy, Gan Wei's card has also been frozen, can only brush 2000. So, this touch on me particularly large.
IPO
'This is not a case of music Watch'
Earlier there was news that SFC Commission issued more than a dozen former members were arrested, which relates to the current music IPO network issues, and refers to the existence of IPO false music Watch. In response, Jia Yueting firmly denied music as false. LeTV IPO members are seven individuals, this time arrested a dozen members, how may all be related to us. "He pointed out that arrested more than a dozen of the members of the trial board only three are audited music listing. 'To put it this way, they are not arrested for music videos but for music videos,' he said. 'This is a case that has nothing to do with music videos.'
funds
Negative news affecting FF financing
Jiayue Ting said in an interview that he himself invested nearly $ 1 billion in FF and invested nearly $ 2 billion in the entire music eco-car. The reason why he is now fully committed to FF is in fact his vision for the future The FF's personal benefits give priority to repaying the debts it owes to its own joint guarantee. "Now, 100% is enough."
However, he admits that the current shortage of FF still exists. Currently, he is ready to sell his stake in another U.S. company for FF's follow-up development funds. At the same time, he also hopes to complete the round of FF round A financing within the next 34 months. He said his current valuation of FF was $ 5 billion, but there are so many negative news in the country now and even rumors of FF bankruptcy, all of which have affected financing. "Others want to control FF, and I would rather sell Big shareholder position, but die will not give up the control of FF I would not go, FF is a mediocre company.