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Debt-ridden LeTV Adds Debt Complete to App Icon Amid Lunar New Year Crimson Envelope Fever

Supply: Sina

Debt-ridden LeTV on Feb. 6 up thus some distance its app to Android 9.24 and changed its icon, including the caption “owing 12.2 billion yuan.”

In the app’s most up-to-date version, the projection aim of LeTV has been optimized to invent its video tag smoother. But there’s no such thing as a reason in the again of the up thus some distance tag caption. 

LeTV’s guardian firm, Leshi Web Records & Expertise Corporation, has been linked to a fresh execution subjection of 64,300 yuan. Except now, the debt-ridden firm has been fined 203 times with an general forfeit of nearly 150 million yuan.

Founded in 2004 with a disclosed registered capital of about 4 billion yuan, the firm’s valid controller is Yueting Jia, whose shareholding ratio is 22.5%. The video web online page used to be listed on the Shenzhen Stock Exchange in 2010 nevertheless used to be ordered to delist on Can also merely 14, 2020 due to firm losses. 

The financial fiasco used to be adopted by a punishment from the China Securities Regulatory Rate since it used to be suspected of flawed shares issuance and unlawful files disclosure. The firm used to be due to this truth fined 240 million yuan. 

The amount featured in the emblem, which is as worthy as 12.2 billion yuan, would possibly per chance maybe well maybe also merely be hyperbole and the hashtag #LeTV Owes 12.2 Billion Yuan# started trending on smartly-liked microblogging platform Weibo overnight.

Tech giants add purple envelope full at the bottom of their app icons. (Supply: Sohu)

Many netizens assumed this as a plan of LeTV’s self-deprecating gesture in direction of its historical past. But worthy extra so, netizens judge this swap of name as clout-chasing. Because the lunar Chinese New Year approaches, tech giants, including Alibaba, Pinduoduo, Tencent, Kuaishou, Baidu and JD.com, are giving out billions of yuan in purple envelopes to customers to be ready to attract extra online page online page visitors to their products amid the dash. 

SEE ALSO: Jia Yueting No Longer Owns Fairness in FF, Apologizes For Downfall of Leshi

LeTV has no longer but commented on the problem as of press time.

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