LeEco’s Le Pro3 phone on display at a press event in San Francisco, California, in 2016. Photo: Reuters
Video streaming provider Leshi, once touted as a Chinese tech titan, edges closer to delisting after reporting huge losses for third straight year
- The company founded by embattled entrepreneur Jia Yueting said its loss for last year widened to 11.3 billion yuan (US$1.6 billion) from 4.1 billion yuan in 2018
- The ‘sorry saga’ is a stark reminder that China is a long way from producing the next Apple or Microsoft, says He Yan of Shanghai Shiva Investment
LeEco’s Le Pro3 phone on display at a press event in San Francisco, California, in 2016. Photo: Reuters