LeEco sells the land in the United States, which were going to establish their headquarters
As you know, the company LeEco at the end of last year, there was a major financial problem. Despite huge financial reserves, the company too quickly rushed to occupy new markets and niches with the consequence that the supply is practically exhausted.
This was followed by massive layoffs in different countries and the search for new investors. Now it is reported that LeEco intends to sell the property in the Silicon valley.
More specifically, it is about the area of almost 200,000 m2, which LeEco bought last year by Yahoo for $ 250 million. Then the Chinese giant was going to open this place its U.S. headquarters.
Interestingly, to sell the land LeEco wants over $ 260 million. The buyer will perform a Chinese company Genzon Group.