Jia Yueting: LeEco is Targeted to be a Company of a Hundred Billion Dollars

SHANGHAI January 17th, 2017 Gasgoo – On January 15th, LeEco and Sunac held a news conference for strategic investment and cooperation. Mr. Jia Yueting said that, this time’s cooperation with Sunac helped LeEco a lot. Firstly, it helped to solve the financial matter during the development of LeEco for one time. Sunac this time invested 15 billion yuan and another billion yuan to LeEco, which played an important role in the next step of LeEco’s development, especially for it to step into the second phase.

Secondly, the investment of Sunac laid effect on the normalization management of LeEco. It’s the first time for LeEco to have a second shareholder, which means a turning point for LeEco.

Thirdly, LeEco and Sunac will cooperate deeply in businesses and strategies and LeEco is expected to give help to the promotion of real estate businesses with its open ideology.

Mr. Jia Yueting said that, LeEco is confident to make FF91 to be the pioneer and the leader of the next phase of auto industry. The target of the second phase of LeEco is clear----to expand the scale of customers, increase positive cash flow and promote net profit of the listed company system with a very low gross profit pattern. And for the third phase, LeEco is targeted on the growth of net profit of the non-listed company system.

He also revealed that LeEco and Sunac will cooperate in Chinese business. He expected LeEco to be the earliest company to have its revenue breaking hundred billion dollars or to be a company with over hundred billion dollars of market value in A share market.