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

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

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

01 29, 2021 05:56 AM

EV Startup Faraday Future Seeks $1 Billion in Backdoor Nasdaq Listing

Merger with special purpose acquisition corporation and funding from cornerstone investors would generate funds to finally start vehicle production, company says

12 23, 2020 09:20 AM

CX Daily: Ex-Finance Minister’s Call for Bond Market Reform Sparks Central Bank Pushback

Iron ore futures hit record highs in China. Boom or bubble? Huawei launches its in-car screens for smart vehicles

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