LeshiInternetInformationandTechnology,thelistedarmoftechnologycompanyLeEco,expects5.62billionyuan(893.69millionUSdollars)ofdebtstomaturethisyear,furtherexacerba
LeshiInternetInformationandTechnologyCorporation,orLe.com,saidinitslatestannouncementthatthecompanyhasaccumulatedatotaldebtapproaching7.531billionyuan(US$1.18bi
Securitiesregulatordemandsfirm'sex-chieffulfillduedebtobligationsChina'ssecuritiesregulatorhasorderedthefounderofdebt-ladeninternetcompanyLeEcotoreturntothecoun
ThemainlistedunitofChinesetechnologyconglomerateLeEcosaidonSundaythatitplanstobuyinvestmentandfinancialserviceassetsfromanaffiliateforupto3billionyuan($455.24mi
China'scash-strappedInternetconglomerateLeshiInternetInformationTechnologyhasnamedSunHongbinascompanychairman.ItcomesafterfounderJiaYuetingsteppeddownfromthecom
ThelistedarmoftroubledChinesetechcompanyLeEcoheldageneralstakeholders'meetinginBeijingwhichonlylasted15minutesonMonday,amidprotestsfromsuppliersoverthecompany's
ThefounderofChineseinternetgiantLeshi,alsoknownasLeEco,hassteppeddownasthelegalrepresentativeofthecompany,asthetechconglomeratecontinuestostrugglewithacashcrunc