Sinotel Technologies

[yeokiwi]

Just to add on to Yeo-san's interesting discovery (thx!): 贾跃亭释疑：谁为乐视网买单？

Beware.

Thanks Blue San.

In China, piracy through P2P is the most dominant form of video and music distribution. I do not see how a company like 乐视网 can actually garner so many customers (300,000) to pay for the movies and tv serial services.

The article also raised doubt over the advertisement revenue of 37 million. Who on earth will place advertisement in internet with a company that has only 300k subscribers?
乐视网 is not even in the top ten of the media distribution portal in China.

Another similarity between 乐视网 and Sinotel.
The operating cashflow is high but the capital expenditure is even higher.
Basically, the shareholders will not be able to get dividends.