Jia Yueting, founder LeEco, at an unveiling event for an electric car in the US in January. The company began life as a video streaming service before an aggressive expansion. Photo; Reuters

LeEco founder Jia Yueting ‘cannot keep’ promise of financial support to embattled subsidiary

The former high-flying tycoon suffers a further blow to his prestige after earlier stepping down from top positions in the Chinese group whose rapid expansion had plunged it into debt

Topic |   LeEco

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Jia Yueting, founder LeEco, at an unveiling event for an electric car in the US in January. The company began life as a video streaming service before an aggressive expansion. Photo; Reuters
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