Monday, January 16, 2017

Is LeEco’s US$2.4B new funding enough to redeem the cash-strapped conglomerate?

Flashback to November, when Founder & CEO Jia Yueting admitted that LeEco is facing a major cash shortage due to overly aggressive expansion plans Chinese internet company LeEco announced Sunday that it landed RMB16.8 billion (US$2.4 billion) in fresh funding led by China’s real estate titan Sunac China Holdings Ltd. Sunac will become the company’s […]
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