Chinese firm LeEco's financial situation is deteriorating rapidly. A Shanghai court has frozen $180 million in assets owned by co-founder Jia Yueting, his wife Gan Wei and three subsidiaries, according to Chinese news site Tencent and the Financial T...
LeEco’s assets frozen by Chinese court as debts mount
Chinese firm LeEco's financial situation is deteriorating rapidly. A Shanghai court has frozen $180 million in assets owned by co-founder Jia Yueting, his wife Gan Wei and three subsidiaries, according to Chinese news site Tencent and the Financial T...
Chinese tech company LeEco has been busy over the past decade, producing everything from TVs to electric cars (or at least, trying to). But now, the conglomerate is in trouble: They are in a cash crunch and haven't been able to raise enough money to...
Aston Martin is going it alone on its first all-electric vehicle, the all-wheel drive RapidE, following a false start that caused it to curtail its production plans, courtesy of the departure of its financial partner LeEco.
Several days ago, the CEO of Chinese corporation LeEco, Jia Yueting, resigned. While he remains chairman of the company, the move followed worrying announcements over the past six months: Growing so quickly it was running out of cash, selling the sit...
Troubled electronics and car maker LeEco made an ambitious promise to buy TV company Vizio for $2 billion last year, but as it turns out, that acquisition isn't happening after all. The company today confirmed that "the merger agreement will not proc...
LeEco, the eccentric maker of TVs, phones, cars and bikes, has a new pair of high-end smart bikes to show off here at CES 2017. The company hasn't even brought its original Super Bike to market yet, but it's already refined the concept to make its ne...
LeEco is determined to add a dash of technology to just about everything, and that now includes old-school pedal power. The fast-rising tech company has unveiled two bicycles for the US, the Smart Road Bike (above) and Smart Mountain Bike (below), wh...