Further to your conversation with Jonathan regarding a possible arrangement for President Xi to visit LeTV’s facilities in Los Angeles during his upcoming trip to the U.S. in September/October 2015, Jonathan and I had an interesting meeting with LeTV.s founders – Mr. Jia Yueting (CEO) and Mr. Liu Hong (Co-Founder and Vice-Chairman of the Board) yesterday.
LeTV’s Request – arrange for President Xi to visit LeTV’s L.A. facilities
President Xi will be making a stop in L.A. during his visit where LeTV has recently acquired an R&D center committing to invest between US$3-5 billion towards the research and design of electrical cars and intelligent vehicles. LeTV has enlisted our help to arrange for President Xi to visit their L.A. facilities, or, if that cannot be arranged, for Mr. Jia Yueting to speak at any of the meet-and-greet functions to be attended by President Xi, whether in L.A. or San Francisco or elsewhere.
Next Steps
LeTV will be sending over relevant materials in the coming days which I will compile and summarise for everyone and we can then discuss how to best process this delicate request using our resources.
What’s in it for BHR and its shareholders
A one-time advisory fee payable to BHR is being discussed and we would be provided with the opportunity to co-invest with LeTV and Beijing Automotive Group (BAIC) and become a shareholder in the L.A. / Silicon Valley businesses. More importantly, this would mark the beginning of a long-term and comprehensive cooperation w ith LeTV and an opportunity to participate in all of its future activities. LeTV has been busily expanding its empire through overseas acquisitions, this year alone, it has acquired significant stakes in two HK-listed companies, 18% in CoolPad for US$350 million becoming its second largest shareholder, and 35% in Beijing Media becoming its largest shareholder.
About LETV
Some quick background on the Company:
founded in 2004 by Jia Yueting, it is one of China largest growing entertainment companies offering vertically integrated ecosystems through a combination of devices, platforms, content, terminals and applications
listed on the Growth Enterprise Market with a market capitalization in excess of RMB80 billion (more than US$12 billion as of July 29, 2015)
recently acquired R&D center and facilities in L.A. for the manufacturing of intelligent vehicles, also established a U.S. headquarter in Redwood City and rapidly building a Silicon Valley-based team
the L.A. / Silicon Valley investments constitute one of the largest direct investments by a Chinese company in the U.S. and has been positively received by U.S. officials including the governors of Nevada and California, both of whom will be visiting the L.A. facilities in the coming weeks
Source: https://bidenlaptopemails.com/
Just found this in the emails...
时间: Wednesday, July 29, 2015 1:46 PM 收件人: 'Devon Archer' [email protected]; 'Hunter Biden' [email protected] 抄送: 'Jonathan.li' [email protected] 主题: President Xi's L.A. visit 重要性: 高 敏感度: 机密
Devon and Hunter,
Further to your conversation with Jonathan regarding a possible arrangement for President Xi to visit LeTV’s facilities in Los Angeles during his upcoming trip to the U.S. in September/October 2015, Jonathan and I had an interesting meeting with LeTV.s founders – Mr. Jia Yueting (CEO) and Mr. Liu Hong (Co-Founder and Vice-Chairman of the Board) yesterday.
LeTV’s Request – arrange for President Xi to visit LeTV’s L.A. facilities
President Xi will be making a stop in L.A. during his visit where LeTV has recently acquired an R&D center committing to invest between US$3-5 billion towards the research and design of electrical cars and intelligent vehicles. LeTV has enlisted our help to arrange for President Xi to visit their L.A. facilities, or, if that cannot be arranged, for Mr. Jia Yueting to speak at any of the meet-and-greet functions to be attended by President Xi, whether in L.A. or San Francisco or elsewhere.
Next Steps
LeTV will be sending over relevant materials in the coming days which I will compile and summarise for everyone and we can then discuss how to best process this delicate request using our resources.
What’s in it for BHR and its shareholders
A one-time advisory fee payable to BHR is being discussed and we would be provided with the opportunity to co-invest with LeTV and Beijing Automotive Group (BAIC) and become a shareholder in the L.A. / Silicon Valley businesses. More importantly, this would mark the beginning of a long-term and comprehensive cooperation w ith LeTV and an opportunity to participate in all of its future activities. LeTV has been busily expanding its empire through overseas acquisitions, this year alone, it has acquired significant stakes in two HK-listed companies, 18% in CoolPad for US$350 million becoming its second largest shareholder, and 35% in Beijing Media becoming its largest shareholder.
About LETV
Some quick background on the Company:
founded in 2004 by Jia Yueting, it is one of China largest growing entertainment companies offering vertically integrated ecosystems through a combination of devices, platforms, content, terminals and applications
listed on the Growth Enterprise Market with a market capitalization in excess of RMB80 billion (more than US$12 billion as of July 29, 2015)
recently acquired R&D center and facilities in L.A. for the manufacturing of intelligent vehicles, also established a U.S. headquarter in Redwood City and rapidly building a Silicon Valley-based team
the L.A. / Silicon Valley investments constitute one of the largest direct investments by a Chinese company in the U.S. and has been positively received by U.S. officials including the governors of Nevada and California, both of whom will be visiting the L.A. facilities in the coming weeks
More to follow in the next few days.
Xin