The troubled LeEco is facing yet another major shakeup and this time it’s from a management reshuffle.

Jia Yueting, the legendary Chinese corporate leader, will step down as CEO of Leshi Internet Information & Technology Corp Beijing, the Shenzhen-listed arm of Jia’s larger business empire LeEco, according to announcements from the company. Jia will remain chairman.

Liang Jun, former Lenovo executive who joined Leshi as an executive in 2012, will replace Jia as CEO of the company. Additionally, the firm’s finance chief Yang Lijie will be replaced by the company’s China CFO Zhang Wei.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.