LeTV Holdings Cool "China Cool Alliance" disintegration

Cool official has just released a notice of changes in board members, that is, the original Cool Executive Director and Chairman of the Board Guo Deying has resigned from his position on the board of directors and only served as honorary chairman, while Le Shi founder Jia Yueting will serve as chairman of the Cool Board and chairman of the Nominating Committee.

LeTV Holdings Cool School "China Cool Alliance" disintegration

In addition to Jia Yueting, executive directors of Cool Group also have Jiang Chao, Liu Hong and Li Bin.

LeTV Holdings Cool School "China Cool Alliance" disintegration

In fact, before the personnel changes, LeTV and Coolpad have completed the equity delivery, that is, LeTV has become the largest shareholder of Coolpad.

In April 2015, LeTV just entered the mobile phone market. In June, it announced that it will hold a 17.90% stake in Coolpad for 2.18 billion yuan and become the second largest shareholder of Coolpad. In June this year, Data holds 11% of Coolpad’s shares. The price of the shares of 1.90 Hong Kong dollars was sold to LeTV Mobile. The transaction amount reached HKD 1.047 billion (about 900 million RMB). The cumulative amount of the two transactions was about 3.08 billion yuan. LeTV also became the latter by virtue of the 28.90% shareholding of Cool. Single controlling shareholder.

Jia Yueting announced the plans of Coolpad and LeTV recently: In the brand, it will adopt the “LeTV+Cool” dual-brand strategy; in the channel, it will achieve full integration of online and offline, but there will be separation of functions and values; In the supply chain, the two sides will achieve deep integration of the entire industry chain such as production, research, supply, patents, channels, sales and after-sales.

In fact, before LeEco's shareholding in Cool, Coolpad and 360 have already established a joint venture company, because LeTV's joining last year's Cool, 360 and LeTV's love triangle incidents in the industry, and this is also the fire of Zhou Hongyi and Guo Deying. Suo.

The following is a cool open letter:

Thank you for your long-term support and concern for Cool! On August 5th, Coolpad Group issued an announcement. Mr. Guo Deying resigned as the chairman of Coolpad Group and was replaced by Mr. Jia Yueting.

Since the founding of Coolpad in 1993, Mr. Guo Deying, the founder of Cool Group, has always insisted on the rewards of heaven and earth and the spirit of artisans, and led the cool colleagues to create a miracle in the history of communication. Coolpad's world-first dual-card dual-standby, application collaboration, three-position, private mode and traffic security monitoring won the 11th, 13th, 16th and 17th China Patent Awards respectively, including "dual-network dual-link terminal" The technology has won the second prize of the National Science and Technology Progress Award, and has made outstanding contributions to the development of the mobile phone industry, allowing countless users to enjoy the convenient life of the dual network dual-pass. In 2014, Coolpad took advantage of 4G technology to lead the domestic 4G market. In November 2015, Coolpad is still released by MAX, and its dual-system technology is the best solution to solve the hidden dangers of user information and property security.

Under the leadership of Mr. Guo Deying, today's Coolpad's advantages in production, research, supply chain, patents, channels, after-sales customer service are in the leading position in the industry. Mr. Guo Deying's outstanding contributions have not only been recognized by the society and many praises, but also opened up a vast world for the Cool colleagues, providing users with a series of safe and extreme product experiences. Today, Mr. Guo Deying has resigned as chairman of the Cool Group and served as honorary chairman for health reasons. Here, we express our sincere gratitude to Mr. Guo Deying for his hard work!

After Mr. Jia Yueting became the chairman of the board, Cool Music and the two parties will be in line with the development needs of the “Internet +” era, and at the same time highly integrated in strategy, capital and business. LeEco will use the ecological model to promote the transformation and transformation of Coolpad in an all-round way, and realize the strategic transformation from pure hardware company to Internet ecological hardware company. Both parties will join hands in the ET era. Cool production research, supply chain patents, channels, after-sales customer service and other advantages, LeTV extreme technology, complete ecology, subversion of the product concept, LeTV + Cool will be a perfect integration, strong reinforcement. At the bottom of the cloud platform, the big data platform, the middle content platform, the end layer of the ecological EUI and the top-level applications, LeTV Cool will be unified. As the founder of LeTV Holdings Group, Mr. Jia Yueting has built the “Platform+Content+Terminal+Application” and the complete music industry has affected the entire industry. We firmly believe that Mr. Jia Yueting can lead Coolpad and LeTV to create greater glory in the future, and create new experiences and better values ​​for users, sharing the ecological world!

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