China: LeEco founder resigns as CEO of main listed unit, will continue as chairman

China: LeEco founder resigns as CEO of main listed unit, will continue as chairman

Jia Yueting, co-founder and head of Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, poses for a photo in front of a logo of his company after a Reuters interview at LeEco headquarters in Beijing, China, picture taken April 22, 2016. REUTERS/Jason Lee

The founder of LeEco, a cash-strapped Chinese Netflix-to-Tesla-like conglomerate, has stepped down as the head of the group’s main listed unit, amid a wider restructuring that seeks to isolate successful businesses from struggling operations.

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