Cash problem at LeEco are “far worse than expected”, says company’s chairman – report
Company aims to complete A round funding and start production at upcoming Chinese plant as early as possible
Chinese technology firm LeEco is facing cash crunch far worse than expected, Reuters quoted Jia Yueting, chairman of the company, as saying on 28 June. The cash problem is so acute that the funds raised by the Chinese conglomerate in the recent months are not enough to bail it out of the crisis.
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