LeEco, controlled by Jia Yueting, is suffering from a cash crunch
By Jake Spring
Last year, LeSports raised $1.2 billion led by HNA Capital.
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. A stock exchange filing from Leshi Internet Information & Technology Corp Beijing, a Shenzhen-listed video-streaming business,… Read more »
Taiwan-listed Compal Electronics acquired 2.15 per cent in LeEco’s smart TVs subsidiary Leshi Zhixin. Golden Brick Capital and CICC Alpha lead $67 million round in Chinese personal loan mobile app.