LeEco talks about getting $ 1.4 billion

The Chinese company LeEco, headed by Chinese billionaire Wetin Jia (Jia Yueting), generously spent money on the development that now feels an acute shortage of cash. According to the source, LeEco talks with an unnamed strategic investor, hoping to get $ 1.4 billion.

According to unconfirmed information published by China Business News, as the investor a certain insurance company. LeEco representatives refused to comment on this information.

Earlier LeEco already managed to get $ 600 million to support the unit dealing with electric cars and self-driving cars and other activities associated with high technology. About changes in the strategy of the company, whose range of interests is very wide, yet no information. However, it is known that the unit LeSports engaged in sports television, will be reorganized with a simultaneous reduction of 10% of the staff.

Source: Reuters



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