Jia Yueting, the founder and chairman of LeEco, described Yidao Yongche getting an official online car-hailing operating license from the Beijing government as a historic turn. Photo: Reuters

LeEco unit clinches car-hailing license as Hutchison Telecom seeks payment

Permit clears up legitimacy issue for Yidao and firm expected to resolve its funding shortage in the near term but LeCloud’s issues mark another low point for the conglomerate

Topic |   LeEco

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Jia Yueting, the founder and chairman of LeEco, described Yidao Yongche getting an official online car-hailing operating license from the Beijing government as a historic turn. Photo: Reuters
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