LeEco
LeEco founder defies China return order, stays in US for car fundraising
Tue, Jan 02, 2018
The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before end-2017, saying he needed to stay in the United States as a fundraising for his electric car startup was making progress.
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LeEco boss asks for time, pledges to pay back debts
Thu, Jul 06, 2017
Concerns about Jia`s position at LeEco were raised after Chinese newspapers reported this week that he was no longer LeEco`s legal representative. Additionally, earlier this week $182 million of assets owned by Jia or the firm were frozen by a court in Shanghai.
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China's LeEco to slash US jobs amid global pull-back
Tue, May 23, 2017
China`s embattled LeEco aims to cut its US workforce to as few as 60 people from around 500 earlier this year, as the Netflix-to-Tesla-like group streamlines global operations to shake off a cash crunch, a person with knowledge of the plan said.
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LeEco secures over $2 billion investment from Sunac
Sat, Jan 14, 2017
"The company believes that the investment will bring a better return on capital for the company and will have greater room for cooperation with Leshi in the field of industrial real estate, and will also bring continued benefits to the further growth of the company`s property business," South China Morning Post quoted Sunac Chairman Sun Hongbin, as saying.
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