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LeEco Crisis

China LeEco Crisis News - Caixin Global

Online video pioneer LeEco is China's textbook case for what happens when companies expand too fast.

How LeEco Fell From Glory

From a tech startup hero to a creditors’ nightmare, LeEco provides a textbook case on business overexpansion

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01 08, 2025 15:37 PM

Caixin Weekly | Collective Securities Lawsuits Face Challenges Four Years After Launch: Local Judicial Fairness and Execution Difficulties Persist

China's securities class action system, established over four years ago, has seen limited actual cases, with courts and stakeholders hesitant to embrace it, resulting in ineffective deterrence of securities violations. Notable cases like Kangmei Pharmaceutical and Feilo Acoustics have concluded, but complexities in damage assessment hinder widespread litigation; intermediary agencies often face joint liability due to companies' lack of funds. The new Company Law, effective July 2024, enhances minority shareholder protection, but practical challenges remain, including low investor participation and enforcement difficulties in the class action process.

03 08, 2024 05:10 AM

Faraday Future Founder Jia Yueting in Social Media Verbal Assault on HiPhi

Electric vehicle rival takes a pot shot on Weibo at Human Horizons after issuing a writ claiming infringement of trade secrets

03 05, 2024 19:07 PM

Faraday Future Sues Former Executive Over Alleged Trade Secret Infringement

California EV startup founded by disgraced tech founder Jia Yueting is seeking monetary damage over infringements related to its sole model, the FF91 SUV

08 18, 2022 19:59 PM

Embattled EV-Maker Faraday Future’s Losses Widen

Controversial Chinese tycoon’s company has continued to delay mass production of its first model

06 28, 2022 08:28 AM

CX Daily: How Bad Is China’s Manufacturing Exodus?

Goldman’s China wealth management venture gets the green light to launch its business. Plus, Richard Liu cashes out about $932 million from JD.com

06 27, 2022 15:03 PM

Shanghai Composite Index Rose 0.88% on Monday

Shenzhen Component Index closed up 1.1%

06 25, 2022 06:24 AM

Ping An Securities Hit by Business Ban for Leshi Sponsorship

Brokerage arm of insurance giant draws three-month IPO suspension for its role in the 2010 share sale of the scandal-plagued LeEco unit

02 03, 2022 19:25 PM

Troubled EV-Maker Faraday Future Punishes Executives for Releasing Fake Data Before 2021 Listing

The California-based carmaker says an internal investigation found no evidence of other claims of inaccurate disclosures, including those made in a short seller report

12 22, 2021 19:11 PM

LeTV Restores Employee Benefits After Sound Year-End Earnings

The streaming service provider had a financially sound 2021, according to an internal letter seen by Caixin

11 30, 2021 19:30 PM

Faraday Future Refutes Delisting Concerns After Failing to File Earnings Report

Nasdaq-listed EV-maker had earlier received a warning letter from the bourse over the delay in filing its earnings, which the company blamed on a short seller report

10 11, 2021 21:33 PM

Faraday Future Responds to Short-Seller Attack It Calls ‘Misleading’

Report alleges that the electric-vehicle company will indefinitely delay its 2022 mass production target because ‘three recent visits to the factory showed little activity’ and engineering problems remain unsolved

07 23, 2021 03:32 AM

Faraday Future Shares Slump on Nasdaq Debut

Deal proceeds even as Zhuhai government drops out of $1 billion SPAC plan to fund Jia Yueting’s long-struggling electric-car startup

04 14, 2021 05:31 AM

Jia Yueting, Other Leshi Former Executives Banned from Securities Market for Life

Jia, four other Leshi executives, barred for financial fraud committed over 10-year period, including 2010 IPO; ban comes on top of 240 million yuan fines imposed on Jia, Leshi

04 13, 2021 04:51 AM

Leshi, Jia Yueting Each Fined $37 Million for Financial Fraud

Chinese securities regulator says former high-flying video streaming site and its founder committed financial fraud over 10-year period

03 29, 2021 18:53 PM

Electric Vehicle Startup Faraday Future Raises $100 Million in Run-Up to U.S. Backdoor Listing

Company founded by disgraced online video pioneer Jia Yueting receives latest funding from Ares Management and Birch Lake

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