Letv video clarifies: Jia Yueting never sued Letv

CTOnews.com November 7 news, this evening, Letv video post clarified that Jia Yueting never sued Letv, and talked about "who Letv is", "what Letv is doing" and other issues.

Letv video said that last Monday, the news that "Mr. Jia Yueting sued Letv" caused widespread concern. Jia Yueting never sued Letv (including Leeco and Lerong Zhixin and all their subsidiaries).

According to reports, "Letv" is an Internet technology brand, currently still using the "Letv" brand to continue to operate the company, mainly around Leeco and Lerong to the new two main operators. These are the two main bodies that announced a pay rise last year and responded this year to "employees will not work overtime without 996". However, because of the huge ecological business of Letv, apart from Leeco and Lerong, there are many Letv companies, and there are hundreds of companies whose names start with "Letv". In the outside world, it is usually generally referred to as "Letv" or "Letv". But in fact, Letv Holdings, Letv Mobile and other companies have no substantial connection and business relations with Leeco and Lerong Zhixin, and they never directly call it "Letv" or use "le" or "letv" brand trademarks.

CTOnews.com learned that Letv Video pointed out that Letv Video and Letv Super TV are the two traditional businesses of Letv and Lerongzhi, respectively. Letv Video's overall membership income, Letv Super TV and other hardware products and corresponding operating income are still the main forces of "Letv" revenue. The member income from the Legend of Zhen Huan in 2021 accounts for only 5% of the total revenue of Leeco's parent company. Starting from November 30, 2022, Legend of Miyue will be broadcast alone in Letv's video. In addition, Letv's intelligent ecological business began to be laid out in 2021. After more than a year of exploration, it has now entered the 2.0 stage of product upgrade iteration.