In the era of the rise of Chinese TV boxes, China’s LeTV box and LeTV TV also caused a lot of topics, and the entire group was once as famous as iQiyi and Tencent. However, a series of political and business-related crises broke out later, and many debts were also reported. Their founder Jia Yaoting also never returned to China following a business trip to the United States in 2017, claiming to be financing. Since then, LeEco’s momentum has declined, and many people even thought LeEco had gone bankrupt.
However, some netizens in the Chinese community recently shared the current situation of LeTV: there are still more than 400 people left in LeTV, and many of them are veteran employees of more than five years.
A netizen said: “I just found out today that LeTV still has more than 400 employees!!! The employees live a fairy life of “no boss”. The company has film and television copyright income such as “The Legend of Zhen Huan” and the rental of the building. Don’t owe wages and social security.”
“No introversion” can be understood as no pressure from internal competition, and “no 996” means there is no problem of overtime work.
In 2012, a TV series “The Legend of Zhen Huan in the Harem” was very popular, and LeTV had a lot of funds in that era, and bought the exclusive online copyright of “The Legend of Zhen Huan in the Harem” for 20 million yuan. At that time, it brought 2 billion traffic to the entire website. But I’m afraid they didn’t expect it at the time, such an investment will allow them to have copyright income ten years later.
Moreover, the founder has publicly gone abroad since 2017. According to the Chinese company registration information, the largest shareholder of LeTV is still Jia Yueting, with a shareholding ratio of 21.48%. However, Jia Yueting has problems in China, such as breaking trust, being enforced, and restricting high consumption. Since he “built cars in the United States” in 2017, every time he is asked when he will return to China in the past five years, his answer is always “Next week.” .
Under this circumstance, under the environment of “no adults at home”, employees naturally live happily. Even during the Chinese New Year at the beginning of this year, e-commerce companies in mainland China scrambled for business opportunities during the Chinese New Year. The operators “smashed red envelopes wildly” everywhere, and also marked the amount of “send 1 billion” and “divide 2 billion” on the APP’s logo. Among the LOGOs of many apps, some people found that the LOGO of LeTV has also been changed, indicating that “12.2 billion owed” is used from hackers. This also shows how busy their engineers are.
In response to the heated discussion among Chinese netizens, LeTV also responded simply on Weibo, saying that what netizens said was “basically right”:
1、LeEco does not have the 996, nor will there be any in the future.Work is never done, and it makes sense to get a limited amount of work done in a limited amount of time. Don’t be surprised if one day we legally take the lead in implementing a four-and-a-half-day, 36-hour workweek.
2. It is too absolute for LeTV employees to have no introversion. It’s just that in LeTV, the degree of “involution” is lower.Because there are only more than 400 employees, many positions are “one radish and one pit”, with whom? But if there are more than one or two people, it may be rolled up.
3. The company has never owed wages and social security to its employees in the past five years.
4. We can’t afford the expression “the day without a boss”. The work like a fairy is basically a luxury for any employee. If employees can feel that “the work is like a fairy”, the company must be very successful. The term “boss” has been a relatively vague concept in recent years, with different meanings in different contexts. Many corporate department employees privately call the department head the boss, the department head the CEO the boss, and the CEO the chairman, founder, and actual controller as the boss. According to this understanding, LeEco will have many “bosses”. The person in charge of each business is the boss, the CEO and the chairman are the bosses, and when shareholders visit the company, we are also called the boss. The founder, Mr. Jia Yueting, is also the boss, and the original strategic shareholder “Sunac” is also here boss. Therefore, LeEco is not without a boss. Perhaps it is because the “bosses” of various business lines within the company are diligent and conscientious, and do not need other higher-level “bosses” to do their own work, which makes everyone feel that there is no boss.
