"We blindfolded, burn the pursuit of scale expansion at the same time, the globalization front all of a sudden pull too long." This is music as the holding company CEO Jia Yue-ting in the recent brush all over the country. Reflections on a Full Letter from a Friend Circle. When the Internet is known to have said goodbye to high-speed growth period, the bigwigs recalled the era of Kuangliaojinjin, seems to reflect the excessive development of excessive burn, and not only Jia Yue Ting one. Let us look at Lei Jun, Li Guoqing, etc., all reflect on what.

Jia Yue Ting: music as the pace of development is too fast, the supply chain pressure surge

November 6, music as CEO Jia Yue Ting in open letter "as the sea of water and flame - is swallowed up by the waves or the sea boil? ", The recognition of the music as the pace of development is too fast, and said music as the music Pro Pro 3 supply problems, background services can not provide adequate support, supply chain pressure surge.

"LeEco rhythm too fast.We blindfolded, burn money to pursue the expansion of the scale at the same time, the globalization front suddenly pulled too long.We correspond to our capital and resources is actually very limited.On the one hand, as the car into a huge early stage , One after another to spend more than 100 billion of its own funds, a direct result of my personal LeEco lack of financial support; the other hand, our ability to finance is not strong, a single way, irrational capital structure, external financing scale is difficult to meet the rapid amplification of funds demand."

In recent years, music as quickly from a video site, across the Internet technology, film and television content, smart TV, smart phones, sports, electric vehicles, Internet finance and other areas of business, has seven sub-ecological.

Since November 2, as the news spread arrears, the music Watch (300104, Shares) shares fell. Jia Yue Ting an open letter, Music Watch shares fell 4.68%. 4 working days, music Watch fell nearly 15%, the market value of 12.8 billion evaporation. Temporarily stabilized yesterday, the day rose about 3%.

After the reflection, Jia Yue-ting also mentioned the next step of countermeasures: LeEco's sub-ecological expansion of money from the burn, turned to do deep through the market; from independent fast run to true anti-inter-organizational initiative, active cross-border innovation, focus on ecological value creation ; From extensive management to the value of mining and upgrading, fast, extreme, efficient service high-value-scale user groups.

In the morning of November 9 investor exchange meeting, Jia Yue Ting mentioned that the music is the weakest part of the capital, although the already profitable ability, but the financing capacity is still very lacking.