On June 11, 2015, LeTV.com investor conference was held in Beijing. At the meeting, LeTV Jia Yueting pointed out on the spot that the current SARFT policy actually excludes the layout of private companies in Internet TV. LeTV believes that this is unfavorable to the development of the industry and will also continue to respond to this issue to the broadcasting industry.
When reporters asked how LeTV’s licenses for Internet TV were progressing, whether the company’s third-generation Internet TV had yet to be launched was not related to radio and television restrictions, Jia Yueting stated that at present, the company’s entire rectification has entered the final stage and it should be a More optimistic results. New products have already been introduced in previous exhibitions and have little to do with policy. The current SARFT policy actually excludes the layout of private companies in Internet TV. The company believes that this is unfavorable to the development of the industry, and the company will continue to respond to this issue with the industry.
Letv hopes to open up its accumulated technology platform to third parties in 2016. At present, the company has used its own technology platform capabilities to help some companies in the radio and television system to do some development.
In addition, Jia Yueting believes that Xiaomi does not have a deep understanding of Internet content and ecology. Xiaomi's content is not self-owned but loosely federated. Direct comparison is meaningless and not in one dimension. Millet's ability to charge content is not strong, and most of the video applications on the market are basically chargeable (especially movie content). The company believes that people who are truly knowledgeable will understand the reasons behind it, although they may be a little misleading to some junior users. LeTV's television is not only channels and content, but as a whole ecosystem. The company believes that the competitiveness of loose alliances is not as high as that of Letv Ecology. LeTV is actively building a closed-loop ecosystem based on the vertical integration of industrial chains, but also welcomes companies in the market to imitate their own business models.
LeSpot's non-listed company's internal business is still in the investment period and requires a strong financial foundation. However, Levision will build the entire system in the future based on the video ecology of listed companies. The 2.5 billion that was previously mobilized will mainly invest in the construction of a listed company's industrial chain: cloud platform and video content purchase. LeTV is currently a rare independent video site on the market and is also worthy of industry expert research. The company believes that its core competitiveness lies in innovation: marketing innovation, product innovation, operational innovation, and business model innovation. This is the cornerstone of the company's survival and development. Only companies that are constantly innovating can develop independently.
In the future, LeSco's global distribution will be divided into several regional markets: 1) the United States, 2) India, 3) Asia Pacific, 4) others, and 5) China. The company hopes that the United States will succeed now, but it is gradually radiating externally.
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