Jia Yueting, the founder of Chinese multinational conglomerate LeEco, has been summoned by China’s securities regulator to return to the country and sort out the financial issues of his company’s Shenzhen-listed subsidiary, Leshi Internet Information & Technology Corp. Photo: Reuters
LeEco founder Jia Yueting ordered back to China to sort out subsidiary’s financial troubles
The China Securities Regulatory Commission has stepped up efforts to show it is serious about protecting investors on the mainland. Leshi, the debt-saddled video-streaming unit of LeEco, is listed on the Shenzhen Stock Exchange.
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LeEco
Jia Yueting, the founder of Chinese multinational conglomerate LeEco, has been summoned by China’s securities regulator to return to the country and sort out the financial issues of his company’s Shenzhen-listed subsidiary, Leshi Internet Information & Technology Corp. Photo: Reuters