Tag Archives: Crunch

LeEco Chairman Says Cash Crunch ‘Far Worse Than Expected’

LeEco’s cash problems are “far worse than expected” and the funds raised in recent months are unexpectedly not enough to help the Chinese technology conglomerate ride out the crunch, its chairman, Jia Yueting, said on Wednesday. LeEco, one of China’s most ambitious companies that grew from a Netflix-like video website to a business empire spanning consumer electronics to cars… Read More »