LeEco
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LeEco

LeEco
LeEco
The latest news, analysis and opinion on LeEco. In-depth analysis, industry insights and expert opinion.
Chairman / President
Liu Yanfeng
CEO / Managing Director
Liu Yanfeng
CFO / Finance Director
Liu Yanfeng
Industry
Technology, Media
Website
le.com
Headquarters address
No. 102 Chaoyang North Road, Chaoyang Distcirct, Beijng, China
Year founded
2011
Jia Yueting, founder of Leshi and electric vehicle maker Faraday Future, completed bankruptcy proceedings in the US earlier this month. Photo: Reuters
Electric & new energy vehicles

‘China’s Netflix’ delists from Shenzhen after 99.6 per cent stock rout

The company’s valuation sank to 718 million yuan (US$102.7 million) on its final day of trading, from an all-time high of 170 billion yuan in 2015.

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China technology

Video streaming firm Leshi ‘faces delisting, collapse’ as losses widen

Start-ups

They founded three hot tech companies, but now they’re on a country-wide blacklist

Electric & new energy vehicles

Tesla challenger seeks US$40m for Nevada land amid cash crunch

Start-up founded by high-profile Chinese entrepreneur Jia Yueting bought the land in 2015 to construct a plant for its flagship model FF91, but plans were scrapped in 2017 after his financial situation worsened

Faraday Future’s FF91 electric car is unveiled at the Consumer Electronics Show, in Las Vegas, Nevada, on January 3, 2017. Photo: Bloomberg
Electric & new energy vehicles

Court freezes Chinese tycoon Jia Yueting’s Faraday Future stake

The Eastern Caribbean Supreme Court in the British Virgin Islands rules in favour of To-Win Capital, allowing it to proceed with freezing Jia Yueting’s 33pc stake in Faraday Future.

Electric & new energy vehicles

Faraday Future says Evergrande withheld funding to gain control

Evergrande Health shares sink as much as 37 per cent on Monday, the biggest intraday drop in nearly four years.

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Start-ups

Faraday Future, a Chinese tycoon’s ambitious (and troubled) electric car venture

Faraday Future is a California-based electric car company run by Chinese businessman Jia Yueting. It aims to challenge Tesla, but has so far struggled to begin production.

Faraday Future, a Chinese tycoon’s ambitious (and troubled) electric car venture
Electric & new energy vehicles

Faraday Future on track for mass output of electric cars after lifeline

Electric & new energy vehicles

Evergrande unit surges by 66.2pc on electric car market entry

Smartphones

Xiaomi in smartphone patent dispute against rival Coolpad

The timing of the patent infringement case has come at a sensitive period for Xiaomi, which is now preparing for its public listing in Hong Kong

LeEco founder Jia Yueting receives financial lifeline from mystery investor

Chinese businessman Jia Yueting, founder of LeEco, has remained in the US since July last year, refusing to comply with requests by mainland regulators that he return to China. Photo: Bloomberg
China property

Sunac sets aside US$2.64b to cover losses in Leshi

‘How can I cut off an arm, when the head is already off?’, asked Sunac’s chairman Sun Hongbin, responding to a question on whether he will continue to seek cost cuts in the ill-fated investment

Chinese tech firm that once called Apple ‘outdated’ faces delisting

Consumers

Plagued by complaints, LeSports closes over unpaid rent

EEmbattled streaming company faces legal action to liquidate its assets, while customers fear subscription fees may be forfeited

The LeSports office in Tsuen Wan had about 100 staff members as of Wednesday. Photo: Felix Wong

Bid for winding-up order against Hong Kong sports channel

Court petition from broadcast rights company comes as subscribers still in the dark over why channel’s English Premier League coverage has gone off the air

Court petition from broadcast rights company comes as subscribers still in the dark over why channel’s English Premier League coverage has gone off the air

Leshi posts US$1.8 billion loss for 2017

Shenzhen-listed video streaming arm of debt-ridden Chinese conglomerate LeEco unveils first full-year in the red since listing in 2010

Hong Kong courts

Hong Kong branch of LeEco ordered to wind up business

The High Court order came after LE Corporation filed a winding-up petition to liquidate its business in December last year.

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China’s embattled Leshi may have lost US$1.8 billion last year

The video streaming company says declining revenues from subscriptions and terminals are behind the loss, while other group companies still owe it some US$1.2 billion
Mergers & Acquisitions

LeEco’s white knight refuses to keep bankrolling China's Steve Jobs

Technology

Analysis | How ‘China’s Steve Jobs’ went ‘all in’ and lost his tech empire

Self-made internet entrepreneur Jia Yueting once ranked among China’s richest men, but overexpansion and a funding crunch have him scrambling to save his sprawling tech empire.

LeEco’s Jia stays in US, leaving wife, brother to handle crumbling empire

Jia admits he has “paid full attention” to notice issued by Beijing Securities Regulatory Bureau to return to China, but insists to ensure the delivery of the FF91 electric car he has to remain stateside

LeEco founder Jia Yueting defies order to return to China

Billionaire, who once envisioned a tech empire that would challenge Netflix, Tesla and Apple, was ordered to return to China to repay debts
Financial regulation

LeEco’s Jia Yueting ordered back to China to sort out financial woes

Hong Kong courts

Hong Kong arm of LeEco files court petition to wind up business

China property

Sunac extends fresh loans to LeEco companies

Sun Hongbin, chairman and executive director of Sunac China, has said he is interested in expanding into industries in which LeEco companies are operating. Photo: Jonathan Wong

LeEco founder ‘can’t keep promise’ to support embattled subsidiary

The former high-flying tycoon suffers a further blow to his prestige after earlier stepping down from top positions in the Chinese group whose rapid expansion had plunged it into debt

Former Leshi IPO committee members detained over 2010 fundraising

LeEco unit Leshi hopes 'new' name will help deliver fresh beginning

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