Jia Yueting, co-founder and head of LeEco. The once high-flying group is struggling with financial problems. Photo: Reuters
Embattled Leshi, ‘China’s Netflix’, says it may have lost US$1.8 billion in 2017
The video streaming company says declining revenues from subscriptions and terminals are behind the loss, while other group companies still owe it some US$1.2 billion
Jia Yueting, co-founder and head of LeEco. The once high-flying group is struggling with financial problems. Photo: Reuters
