On the evening of November 6, Jia Yueting issued an open letter, publicly stating LeTV's current shortage of funds, and took the initiative to claim an annual salary of 1 yuan. On November 7, the stock prices of LeEco and Coolpad both plunged, and LeEco's stock price fell by nearly 5%. Since November 2, LeEco's stock price has dropped from 44 yuan to 37 yuan, down nearly 17%, and its market value has decreased by nearly 9 billion yuan in just a few days.
As a major shareholder of Coolpad, LeTV's share price suffered a precipitous decline after the opening of Hong Kong shares on November 7, with a decline of nearly 20%.
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