Jia Yueting

China's LeEco to cut jobs in US amidst cash crunch

Chinese conglomerate LeEco plans to cut their workforce in the US down to only 60 from 500 as they streamline global operations to shake off a cash crunch.

China's LeEco founder steps down amidst cash crunch

Chinese conglomerate LeEco's CEO Jia Yueting stepped down after the company began to streamline and cut debt after rapid expansion leading to a cash crunch.

LeEco is not acquiring Vizio due to ‘Chinese policy factor; backs out of the $2 billion deal

Chinese tech conglomerate LeEco, whose businesses stretch from smartphones to electric vehicles, has abandoned a $2 billion proposed acquisition of Vizio.

LeEco delays payroll for US employees following cash crunch

LeEco is facing now financial issues in the US as it reportedly delayed payroll for its employees this month.

LeEco has secured $2.2 billion for expansion from new investors

Chinese tech conglomerate LeEco has successfully raised nearly $2.2 billion from new investors including Tianjin Jiarui Huixin Corporate Management Company and property developer Sunac China Holdings.

LeEco looking to sell its 49-acre Silicon Valley property, to come out of cash crunch

Chinese technology conglomerate LeEco is looking to sell a 49-acre US Silicon Valley property less than a year after buying it from Yahoo, sources said, in what is the latest effort by the firm to ride out a cash crunch.

LeEco reaffirms that it has no plans to move out of Indian smartphone market

Chinese electronics maker LeEco said on Friday it has no plans to exit operations in India, refuting a media report which said the company was laying off most of its staff in preparation to leave.

LeEco in talks to secure $1.4bn deal with investor, also starts e-car plant in China

Cash-strapped Chinese technology conglomerate LeEco is in talks on securing a 10 billion yuan ($1.4 billion) deal with an unnamed strategic investor, its listed unit said.

Faraday Future investor Jia Yeuting has no money: Nevada State Treasurer

The Faraday Future plant that is set to open up close to North Las Vegas 2017 has been seeing delays lately.

LeEco demonstrates prototype self driving car that could not make it down a runway

LeEco made an inauspicious entry into the race to develop self-driving electric cars when its car could not make it down the runway at a gala event.