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Going to "Jia Yuet-ting," Let's change the ecology again
On July 3, the media exposed the 1,237 million assets of the Jia Yueting couple and LeTV company being frozen by the judicial authorities. At this time, he was on a flight to Los Angeles. On the morning of July 6th, Jia Yueting published an open letter on his microblog, announcing that “LTV regards the great challenges to this day and I will take full responsibility for it. We will fulfill our duties to LeTV’s employees, users, customers and investors.†Jia Yueting immediately Resigned from the position of chairman of LeTV, withdrew from the board of directors and will no longer hold any position in LeTV.
Jia Yueting's contribution to LeTV is undeniable, and his planning strategy is somewhat forward-looking. However, Jia Yueting also made a lot of mistakes. Especially as a LeTV leader, he spent a lot of resources and energy on many non-core businesses such as mobile phones and automobiles, which objectively delayed the development of the listing system and TV products, and also caused the old. Let's consider the debt, the brand damage and the consequences of the listing system.
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After the price increase, LeTV did not bring consumers a corresponding upgrade experience. Instead, it dropped sharply in content and the products also exposed problems, which greatly reduced consumers' experience. It can be said that LeTV is facing an unprecedented crisis of confidence.
After Jia Yueting retired, Liang Jun served as the general manager of LeTV. He was generally responsible for operating the new LeTV. This is an important change and it is also a key move of LeTV. However, in the past, the pattern of "one super-strong" in the Internet TV industry has been broken, followed by new competition from new brands such as Xiaomi, Xiaojing, and Thunderbird.
Fighting against the internet TV market
Millet TV and LeTV, like TV, initially wanted to "stick" users with content. However, after all, they could not withstand the pressure of rising raw material costs. They also raised prices several times this year, running counter to the brand image that was known for its cost-effectiveness. It's hard to buy it. Every time new products, although playing science and technology gimmicks, there is no real hard skills. In terms of content, although it claims to have cooperated with iQIYI, Youku, Tencent videos, etc., these cooperations have also been utterly empty-handed, and many free content is actually just a film.
In contrast, Thunderbird, which has entered the game this year, seems to have an advantage. Thunderbird is a high-end Internet brand created by TCL Group, backed by TCL's own strong financial strength, R&D strength, and supply chain control capabilities, and has reached in-depth cooperation with Tencent and Ali in the smart living room strategic layout. At the beginning of the launch of the Thunderbird, it became the brand with the highest attention among users in the Jingdong Home Appliances Ranking. In early July, Tencent spent 450 million yuan in one fell swoop became Thunderbird's second-largest shareholder, again injecting new momentum into Thunderbird.
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In terms of content, Thunderbird has integrated video resources of multiple websites. With Tencent Big Data, Tencent Cloud and other technologies and resources, it is believed that it can provide consumers with a more intelligent experience.
Nowadays, the Internet TV industry has entered the second half of the competition and the simple price war is over. For Internet TV manufacturers, they want to break through in the second half of the competition. High-quality hardware, content, and services are all indispensable. Comparing with current major manufacturers, it is easy to see that the resources and model of the newcomer Thunderbird seem to be superior and have full potential. Who will be the overlord of the new generation of Internet TV? Maybe consumers will give the answer in the future.
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