Jia Yueting, co-founder and head of LeEco. The once high-flying group is struggling with financial problems. Photo: ReutersJia Yueting, co-founder and head of LeEco. The once high-flying group is struggling with financial problems. Photo: Reuters
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

Topic |   LeEco
Jia Yueting, co-founder and head of LeEco. The once high-flying group is struggling with financial problems. Photo: ReutersJia Yueting, co-founder and head of LeEco. The once high-flying group is struggling with financial problems. Photo: Reuters
Jia Yueting, co-founder and head of LeEco. The once high-flying group is struggling with financial problems. Photo: Reuters
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