Six-hour meeting of Chinese tycoons eases LeEco cash crunch

Six-hour meeting of Chinese tycoons eases LeEco cash crunch

YT Jia, chairman, LeEco. Photo: Bloomberg

It took Jia Yueting just over six hours in December to snag $2.2 billion from a Chinese real estate mogul to keep LeEco afloat. In so doing, the entrepreneur secured a vital financial and strategic ally as he prepares to do battle with the likes of Tencent Holdings Ltd. and Tesla Inc.

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