Subject: 答复: President Xi's L.A. visit
From: 王昕 <[email-masked]>
To: "'Devon Archer'" <[email-masked]>, "'Hunter Biden'" <[email-masked]>
Cc: "'Jonathan.li'" <[email-masked]>
Date: Wed, 29 Jul 2015 18:24:10 +0800

The attached PPT introduces Faraday Future, LeTV’s U.S. joint venture with
Beijing Automotive Group for the design and manufacture of smart electric
cars of the future.  Faraday Future is headquartered in Redwood City but
their R&D Center is based in L.A. and our objective is to orchestrate a stop
by President Xi to the facilities during his visit.  I would like to
coordinate a call amongst ourselves to discuss strategy and approach,
Jonathan and I are generally available your Wednesday morning and early
afternoon, failing which, Thursday NY time also works.  

 

发件人: 王昕 [mailto:[email-masked]] 
发送时间: Wednesday, July 29, 2015 1:46 PM
收件人: 'Devon Archer' <[email-masked]>; 'Hunter Biden'
<[email-masked]>
抄送: 'Jonathan.li' <[email-masked]>
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 with 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