"Lao Jia, when will you return to China?"
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Unexpectedly, Guo Allen asked Jia Yueting for a debt of 1.5 million
On April 25, Zhou Hongyi, the founder of 360, threw this question to Jia Yueting, the founder of Faraday Automobile, on social platforms. This wave of operations quickly aroused widespread attention and heated discussions in public opinion. As a former car-making dream, Jia Yueting is now in a lot of difficulties, the road ahead is between the word "return to China", can he finally realize his dream?
Event Replay: From a war of words to old debts
The incident originated a few days ago, Zhou Hongyi publicly commented on Jia Yueting's lawsuit against Gaohe Company at the press conference of Nezha Automobile, and questioned that Jia Yueting's choice to build a car in the United States instead of China was a serious misjudgment.
"I'm not speaking for Accountant Jia, he didn't build a few cars in the United States for so long with the drawings, but Gaohe Automobile built it, but he sued people in turn. I think he made a mistake, Musk has to come to China to set up factories to build cars, but he went to the United States to build cars, and he didn't understand where China's advantages are. Zhou Hongyi said bluntly.
In the face of such a blunt accusation, Jia Yueting did not choose to fight back directly, but released a video the next day in response to Zhou Hongyi's questioning. "Hello Lao Zhou, I am sitting in the back row of FF91 now. Lao Zhou and I also fell in love with each other more than ten years ago in the smartphone era, but I didn't expect to have an intersection in the car. "
Jia Yueting continued, "I've heard some of Zhou's comments about us, but I don't think it should be Zhou's values to advocate for thieves. I also believe that Lao Zhou hopes to convey and advocate to young strivers should not be plagiarism and copycats, I believe that Lao Zhou, you must also agree that only when the original spirit is deeply rooted in the bone marrow and a large number of original strivers emerge, can China's AI tram industry stand on top of the world. "
Jia Yueting's response was obviously also aggrieved, not only did he not respond positively to Zhou Hongyi's question, but instead took the opportunity to promote his FF91 car, and sarcastically sued his company's Gaohe party for copying Faraday's technology. After all, in his opinion, although only 11 units of the FF91 were delivered, it was "a spire product that was born after countless tribulations".
Seeing this, the reader should be able to feel that the two have fallen into a stalemate of "war of words". But just when everyone thought that neither of the two could convince anyone, an unexpected "debt collector" appeared in the center of the stage, pushing this "war of words" to a new climax.
It turned out that as early as April 24, basketball player Guo Allen appeared in the comment area of the Faraday car press conference and put forward a straightforward debt collection appeal to Jia Yueting: "Hello Mr. Jia, the car looks good, I am very happy for you." Wait for you to sell well, and then can you give me the 1.5 million left over from the 16 years I signed a contract with LeTV, thank you!"
This has undoubtedly aroused widespread attention and discussion among netizens. In the face of the appearance of active athletes to collect debts, Jia Yueting is also difficult to shirk. In a new video, he sincerely said: "Hello Allen, thank you for your interest in my car, and welcome you to visit the test car when you play in the United States and become the co-creator of FF91."
Get well, basketball has always been my hobby, I'm a huge fan of Kobe Bryant, and I like you very much, I look forward to meeting you at LA as soon as possible, and I look forward to growing up with you. "
Judging from Jia Yueting's response, it seems that he is also looking for an opportunity to defuse and buffer. But the debt of 1.5 million yuan is a real problem in the final analysis, and unless it is properly resolved, it will become a new stumbling block on Jia Yueting's way forward.
Jia Yueting's financial distress data
Jia Yueting is in such a predicament, mainly due to years of high-debt management. The statistics of "Tianyancha" show that as of now, Jia Yueting, as the person subject to execution, has been executed for as much as 1.094 billion yuan.
According to Jia Yueting's own disclosure, when the LeTV debt crisis broke out in 2017, he personally guaranteed $12 billion in debt for the entire LeTV system, which is an astronomical amount. Subsequently, although he no longer has any debts under the U.S. legal system through bankruptcy and reorganization, his debts under the Chinese legal system have not been properly resolved.
It can be said that reviving Faraday's ambitious dream of building a car is a repeat of the past for Jia Yueting. According to public data, Faraday Auto has lost more than $2.1 billion as of the end of July 2019 since its inception, and its cash flow is extremely short.
To make matters worse, due to the impact of the broken capital chain, suppliers have stopped supplying, resulting in the mass production of FF91 in the distant future. The latest news shows that Faraday Motors has fallen into an "existential crisis" that has suffered from global supply chain disruptions. Jia Yueting previously revealed that at least $850 million of investment is needed to achieve the mass production of FF91, but this funding is currently unsecured.
What is shocking is that Jia Yueting has created such a debt crisis with one hand, but has lived a rather luxurious life with the other. According to media reports, his residence in the United States is a mansion worth 60 million yuan, with an area of 5,300 square meters. In addition, he owns a number of other properties in the United States, with a total value of more than 200 million yuan.
In the face of such an extravagant lifestyle, it is really contradictory for many netizens to call "Jia Fuhao". "Where is the justification for living in luxury while hiding from debts?" For tens of thousands of dollars, he was careful to avoid debts everywhere.
The doubts of netizens are not unreasonable. After all, for a person who is in debt, a life of luxury is undoubtedly adding fuel to the fire. And Jia Yueting's behavior has also been interpreted by many people as a suspicion of "hiding assets".
Some creditors have clearly pointed out that Jia Yueting "used shell companies and some means to confuse the public to hide assets". This will undoubtedly make it more difficult for Jia Yueting to restructure his debts. Because if you want to regain the trust of creditors, good faith is the most basic premise.
There is a lack of integrity and resistance
From the LeTV era to Faraday's car, Jia Yueting has been accompanied by a crisis of integrity along the way. In 2017, LeEco fell into a debt crisis and was accused of "old business". Since then, although he has partially reversed the situation through bankruptcy restructuring and other means, there are still large debts outstanding in Chinese mainland, which has also prevented him from returning to China "above board".
In the final analysis, the lack of integrity has become Jia Yueting's biggest stumbling block. It is hard to imagine how a person who has been untrustworthy for a long time can regain the trust of the outside world, especially investors? Just as netizens said, "To put it bluntly, it is a lie!"
And Jia Yueting previously admitted in the letter that "he is the first person responsible for the collapse of LeTV's ecology overnight". So how can he convince the people? I'm afraid it will be very difficult to do it for a while.
Therefore, the only feasible way to truly turn the situation around, apart from Bill Gates's large-scale charitable donations, is to win the trust of people with practical actions. In other words, Jia Yueting must first pay off all his debts, and then set sail again with a sincere attitude and frank style.
Only in this way can Jia Yueting justify his name, obtain the minimum trust foundation, and have the opportunity to continue to chase his "car-making dream". Otherwise everything is empty talk.
Don't give up on your dreams
It is undeniable that Jia Yueting's current situation is indeed very passive and difficult. Burdened with high debts and caught in the whirlpool of public opinion, where is the road?
However, at this juncture, Jia Yueting didn't seem to stop. Judging from a video he released a few days ago, he is still full of firm confidence in the future.
"We are still in the darkest moment of my life, but I still have strong beliefs and my pursuit remains the same. No matter how big the mistakes and tribulations are, they are not the end of life, as long as you take each ordeal as a life experience and persevere, one day, the pressure and suffering will quietly leave you, and you will see the light of day and get a new world. Jia Yueting said.
These words are undoubtedly very encouraging. Perhaps this is why Jia Yueting has repeatedly fallen into the quagmire, but he can still get back on his feet. If you have dreams and pursuits, you will have the motivation to move forward.
Of course, dreaming and pursuing are one thing, frivolity and recklessness are another. Jia Yueting was previously accused of falling into a quagmire because "it was a mistake to build a car in the United States", which is also an excellent lesson.
Only by being down-to-earth, doing what he can, and maintaining perseverance and courage, can Jia Yueting turn things around and finally realize his "dream of building a car". Otherwise, the road will get darker and darker, and the future will become more and more bleak.
Dreams and pursuits are important, but Jia Yueting must also think twice before acting, and avoid repeating the mistakes of the past. After all, a "little debt collector" like Allen Guo may crit his dream at any time.
The uncertainty of success or failure makes people reverie
Looking at Jia Yueting's bumpy journey along the way, we can't help but ask: Can a person who was once named "crazy car dream" finally realize his ideals? Can he regain the trust of the public?
Realizing your dreams is destined to be full of thorns, not to mention such a burden as Jia Yueting. Therefore, whether it can finally turn the tide and realize Faraday's dream of mass production is still confusing and difficult to decide.
Perhaps, as netizens said, "Let's wait and see, being a big buyer and not buying a car can be regarded as winning a game". We'll see if the ending of this "crazy car dream" will be a comedy or a tragedy?
Borrowing the famous words of netizens: Shanglian: Give back to the society Xu Jiayin Xialian: Jia Yueting will return to China next week Horizontal criticism: Xu Qing Jia Yi
#贾跃亭: If you succeed in building a car and repay your debts, you will return to China##贾跃亭##如何评价贾跃亭##贾跃亭今天消息#
The following are the citations:
Daily Economic News: Jia Yueting responded to Zhou Hongyi again: More than 10 billion US dollars of debt has been repaid, and the day when the car is successfully built and the debt is repaid, it is the time to return to China
Tech Planet: Jia Yueting said that he had repaid more than $10 billion: the day he successfully built the car and repaid the debt was the time to return to China
Jia Yueting: After successfully building a car, I will return after paying off my debts, and now I have repaid more than 10 billion US dollars