StaffatLeshiZhixin,orLeTV,aChinesetelevisionmanufacturerandasubsidiaryofLeEco,weretoldthattheynolongerholdanyequityinthecompanywhichtheypreviouslyearnedfromtheg
LeTV,oneofChina'slargestonlinevideocompanies,announcedonSundaythatJiaYueting,itsfounder,willstepdownasCEOofthecompany,butwillretainthepositionofchairman.Jiasaid
Chinese online video website LeTV has filed a lawsuit against Internet giant Baidu for illicit competition, accusing the latter of blocking all advertisements while grabbing and playing the online stream of LeTV, a Beijing court said on Monday.