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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