Smart TV maker Leshi Zhixin’s (乐视致新 in Chinese) president Liang Jun is rumored to take up the post of president of its parent Leshi Internet Information and Technology (乐视网 in Chinese), local media is reporting.

Leshi Internet is a subsidiary of internet giant LeEco, which has been mired in financial troubles for some time due to excessive expansion.

The rumored appointment is considered to inject new vitality into and help rejuvenate the faltering businesses of the internet giant.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.