China LeEco’s sports unit valued at $3.5b after new funding round


Last year, LeSports raised $1.2 billion led by HNA Capital.

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

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 »