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Latest News on Jia Yueting
Showing of 0 - 10 from 19 results
Jia Yueting - Total results - 19
Dec 26, 2017
Chinese securities regulator orders CEO of debt-ridden LeEco to return to ChinaThe recent troubles underscore an abrupt fall from grace of one of China’s most prominent entrepreneurs.
Jul 10, 2017
LeEco could see market value of listed unit fall by $2.5 billion due to ongoing crisisLeEco could see the market value of its listed unit fall around $2.5 billion, showed estimates from three mutual fund investors.
Jul 06, 2017
LeEco founder Jia Yueting resigns as chairman of its main listed unit to focus on electric car businessThe announcement came after Jia on social media promised to repay debt and reaffirmed LeEco's electric car commitment.
Jul 04, 2017
LeEco under growing pressure from creditors and investors after bank freezes assets over late paymentsPartners and suppliers are re-examining their exposure to the troubled group.
Jun 28, 2017
Funds raised in recent months not enough to help LeEco come out of cash crunch: ChairmanLeEco is struggling to support its goals that include beating Elon Musk's Tesla Motors in premium electric vehicle making.
May 23, 2017
China's LeEco to cut jobs in US amidst cash crunchChinese 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.
May 22, 2017
China's LeEco founder steps down amidst cash crunchChinese 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.
Apr 11, 2017
LeEco is not acquiring Vizio due to ‘Chinese policy factor; backs out of the $2 billion dealChinese tech conglomerate LeEco, whose businesses stretch from smartphones to electric vehicles, has abandoned a $2 billion proposed acquisition of Vizio.
Apr 05, 2017
LeEco delays payroll for US employees following cash crunchLeEco is facing now financial issues in the US as it reportedly delayed payroll for its employees this month.
Mar 31, 2017
LeEco has secured $2.2 billion for expansion from new investorsChinese 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.