How LeEco Fell From Glory

Once a market darling, China’s tech giant LeEco has now become a headache for investors and creditors as years of reckless expansion led the company into a debt impasse.

Angry creditors last week blocked an extraordinary shareholder’s meeting of Leshi Internet Information & Technology, the main listed entity of LeEco. With protestors chanting slogans outside the door demanding payments owed for services rendered, Leshi shareholders hastily ended the meeting for the election of a new board in just 15 minutes.