Models display Coolpad smartphones during the Tianyi Mobile Fair & Mobile Internet Forum in Nanjing in June 2014. Photo: Imaginechina

Further blow to LeEco as smartphone unit Coolpad hit with lawsuit to repay US$11.8m loan

Legal action comes to light a week after cash-strapped company was branded a ‘Ponzi scheme’ in a post made on popular social media WeChat by
Tencent Holdings
co-founder Zeng Liqing
Topic |   LeEco

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Models display Coolpad smartphones during the Tianyi Mobile Fair & Mobile Internet Forum in Nanjing in June 2014. Photo: Imaginechina
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Bien Perez

Bien Perez

Bien has worked at the Post since 2000. He has served as Post Magazine's technology editor and Technology Post's deputy editor. He was a guest host on Tech Specs in TVB’s Money Magazine show. He won runner-up, Best News Writing, at the 2008 Hong Kong News Awards.