China’ssecuritiesregulatorhasformallyorderedthefounderofindebtedtechconglomerateLeEcotoreturntoChinaandsortoutamountingdebtpilelinkedtohisfirms,rampinguppressur
Thehigh-profilefounderofstrugglingChinesetechconglomerateLeEcohasbeenplacedonanofficialblacklistofdebtdefaulters,afurtherblowtoafirmthathadspentheavilytocompete
StaffatLeshiZhixin,orLeTV,aChinesetelevisionmanufacturerandasubsidiaryofLeEco,weretoldthattheynolongerholdanyequityinthecompanywhichtheypreviouslyearnedfromtheg
ThemainlistedunitofChinesetechnologyconglomerateLeEcosaidonSundaythatitplanstobuyinvestmentandfinancialserviceassetsfromanaffiliateforupto3billionyuan($455.24mi
ThelistedarmoftroubledChinesetechcompanyLeEcoheldageneralstakeholders'meetinginBeijingwhichonlylasted15minutesonMonday,amidprotestsfromsuppliersoverthecompany's
ThefounderofChina'sstrugglingtechgroupLeEco,JiaYueting,onThursdaypledgedtotakefullresponsibilityforthecompany'sdebttroublesamidadeepeningfinancialcrisisandafter
AssetslinkedtoChinesetechgiantLeEcohavebeenfrozeninadisputewithacreditor,aunitofthetroubledcompanyhasconfirmed,highlightingthefirm'sperilousfinancialstate.Chine
ThefounderofChineseinternetgiantLeshi,alsoknownasLeEco,hassteppeddownasthelegalrepresentativeofthecompany,asthetechconglomeratecontinuestostrugglewithacashcrunc
ChineseconglomerateLeEcoislayingoffamajorityofitsUSworkforce,thecompanyannouncedtoday.Around70percent,or325employees,willbecutfromitsStatesideoperations,withLeE
China's disregard for intellectual property, and a turn-a-blind-eye culture when it comes to blatant counterfeiting, is notorious - the butt of many jokes.
More than a dozen Chinese celebrities, including film director Zhang Yimou, may not be able to see high returns from their investment in affiliates of LeEco, becoming the latest victims of the Chinese tech major's cash crunch.
Chinese tech conglomerate LeEco on Thursday launched its line of smart TVs in India, marking the company’s second entry into an overseas TV market as it looks to expand internationally.
Chinese internet major LeEco is in talks with online video-streaming site Netflix Inc for possible cooperation in content, and details could be announced in September, as the Beijing-based firm steps up efforts to expand its presence in the United States.
In the late 1980s, Japan had over-inflated stock and property markets. Its companies, fleeing the lack of opportunities in Japan itself, vastly overpaid for all manner of US assets. I often dreamed that some Japanese investor would overpay for the house I owned at the time.
LeVR Technology Ltd, the virtual reality arm of Beijing-based technology company LeEcoHoldings Co Ltd, is reported to be undergoing a round of financing worth more than 300million yuan ($45 million).
Yueting, a billionaire entrepreneur and one of a new breed of Chinese who see their technology expertise re-engineering the automobile industry, and usurping Tesla Motors, a U.S. pioneer in premium electric vehicle (EV) making.
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