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

07 03, 2020 03:58 AM

Fugitive Leshi Founder Offers Compensation to Stockholders

After completing U.S. bankruptcy case, Jia Yueting makes promise to investors who lost as much as $24 billion, but it may not hold up in Chinese courts

05 15, 2020 06:52 AM

Debt-Ridden Leshi to Be Delisted June 5 From Shenzhen Exchange

Continued losses and negative nets assets after a year-long trading halt trigger final action for former high-flyer founded by bankrupt fugitive tycoon Jia Yueting

05 14, 2020 20:38 PM

China Business Digest: Foreigners Working in China May Soon Be Able to Return; Trump Pressures Government Pension Fund to Shun China

WHO warns of pandemic disaster in Africa and sees coronavirus as permanent; Jia Yueting’s Leshi finally being delisted; China gives consumers $2.7 billion

12 02, 2019 20:58 PM

Exclusive: Ex-Tycoon Jia Yueting’s Creditors Demand He Remain Responsible for Debt

A creditor told Caixin that they worried they’d be in for huge losses if his carmaker never makes money

11 12, 2019 20:13 PM

Embattled Entrepreneur Jia Yueting Postpones Bankruptcy Proceedings

Blacklisted debtor will amend reorganization plan, after too few creditors approved of original

10 24, 2019 09:14 AM

CX Daily: ‘No Quotas,’ U.S. Embassy Tells Chinese Students That Could Wait Indefinitely

Plus, Huawei spent record money on Michael Esposito, new tariff waivers means appetite for U.S. soy, and China has trouble selling foreign assets.

09 04, 2019 19:58 PM

Embattled Entrepreneur Relinquishes CEO Job at Faraday Future

Jia Yueting becomes ‘chief product and user officer’ at electric-car startup, sets up debt repayment trust

08 07, 2019 10:00 AM

Bytedance Thumbs Nose at History With Moves Into Search, Smartphones

World’s most valuable unicorn could face uphill climb challenging entrenched incumbents in mature sectors

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