LeEco has shifted to focus on developing cash flow from existing markets only two weeks after chief executive Jia Yueting warned the company was running of cash. Photo: Reuters

‘Actually, we’re okay for now’: LeEco raises US$600m in abrupt U-turn from cash shortage

The Chinese internet company unveils new chief executive for Asia-Pacific, along with strategy pivot to ‘focus on rapid cash flow growth’

Topic |   LeEco

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LeEco has shifted to focus on developing cash flow from existing markets only two weeks after chief executive Jia Yueting warned the company was running of cash. Photo: Reuters
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