LeTV is still a defaulter due to 1.4 billion yuan in arrears.

According to media reports, on the evening of December 2, LeTV announced that in order to obtain investment benefits, the company plans to use its own funds of no more than 180 million yuan to purchase stocks to obtain additional financial benefits without affecting the normal development of the company's main business. By 2024, LeTV's total liabilities further increased to nearly 23.8 billion yuan, while the company's assets were only nearly 1.9 billion yuan during the same period. According to Tianyancha's business information, LeTV Information Technology Co., Ltd. was established in November 2004, with Liu Yanfeng as the legal representative and a registered capital of approximately 3.99 billion yuan. Its business scope includes computer system services, wholesale and retail of computer hardware and software, and related equipment. Shareholder information shows that the company is jointly held by Jia Yueting, Liu Hong, and Bi Shaobo. The risk information from Tianyancha shows that the company has 4 pieces of information as executed person, with a total amount exceeding 1.1 billion yuan. Additionally, there are multiple pieces of information as dishonest executed person, involving an amount of over 140 million yuan. It is worth mentioning that several companies under the company have had their equity frozen, including Dongyang Huaer Film and Television Culture Co., Ltd., and LeTV Information Technology Co., Ltd.