Top 3 Chinese tech fails of 2017

The year 2017 was great for many tech firms in China. Tencent briefly outdid Facebook in market valuation reaching a $500 billion valuation mark. Touti…

LeEco rumored to sell its building in Beijing

Cash-strapped LeEco is rumored to sell its headquarter building in Beijing (in Chinese) off the fourth-ring road with the price at RMB 1.4 billion ($21…

LeTV’s new Q3 numbers paint grim reality for the company

LeTV—which has recently changed its name to New Leshi as a symbolic new beginning—did not manage to shake off the numbers that came with its former nam…

Leshi becomes ‘New Leshi’ to distance itself from founder

Leshi—or to give it its current full English name, Le Shi Internet Information & Technology Corp., Beijing—is planning to change its name to New Le…

Jia Yueting demands time for LeTV to repay its debt

Editor’s note: A version of this post by Xu Wei first appeared on Yicai Global. Jia Yueting, founder of LeTV Holdings (Beijing), said in a statement…

LeEco faces tightening pressure as court freezes another $2.3 billion in assets

Cash-strapped LeEco plunged deeper into crisis as the Shanghai High People's Court froze 519 million Leshi shares controlled by company chairman, Jia Y…

VP of TV unit takes over as CEO of Leshi, YT Jia to remain chairman

The troubled LeEco is facing yet another major shakeup and this time it’s from a management reshuffle. Jia Yueting, the legendary Chinese corporate …

Is LeEco’s 2.4B USD new funding enough to redeem the cash-strapped conglomerate?

Chinese internet company LeEco announced Sunday that it landed 16.8 billion RMB (2.4 billion USD) in fresh funding led by China’s real estate titan Sun…

LeEco CEO Jia Yueting Takes Aim At “Outdated” Car Manufacturers, US Tech Giants

LeEco's auto projects are extremely ambitious. The company hopes to squeeze five years of vehicle development into three to release their electric Asto…