Homepage / Asia / Cash-strapped LeEco reportedly sees 1.2 billion yuan in assets frozen over unpaid debts
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Play 22,546+ Casino Slot Demo Games Водка БЕТ Казино официальный сайт и зеркало Vodka Casino Find your perfect match with quick hookup near me Top 7 Best Lesbian Cougar Internet Dating Sites in 2022 ◉ Sugar Daddy Ireland: Seeking Sugar in IE | SugarDaddySeek Online Kasino & Sportovní Sázení Oficiální Web Melbet Bonusları: Türk Oyuncular İçin En İyileri Roulette In Italiano Situs Slot Judi Bola Casino Online PutriJP Bagaimana Cara Memainkan Slot? 9 Kiat Terbaik Provider Permainan Kasino & Slot Online Terbaik Pragmatic Play Pragmatic Play Slot Mainkan Demo Gratis best name for boy 4718 best name for boy 2378 Purchase Lyrica Online Safely and Discreetly Top Online Casinos that Approve Neteller Deposits Online Gambling Establishments Accepting Mastercard: A Comprehensive Guide Finest Mobile Online Casino Site: The Ultimate Overview Live Casino Site Online: The Ultimate Overview The Power of Psychic Analyses Bier Haus Fruit Machine Online Free: A Fun and Thrilling Experience Why Do Blood Vessels Look Blue? What is Mometasone Furoate Cream Made Use Of For? Open the Keys of Numerology with a Free Numerology Calculator The Ultimate Overview to Online Tarot Card Readings Numerology Calculator: Opening the Mysteries of Figures Opening the Keys of Online Free Tarot Analysis Online Online Casinos with Neteller: A Convenient and Secure Settlement Option Online Gambling Enterprises That Accept Bitcoin: A Comprehensive Overview A Guide to Finding Online Casino Bonus Money Opening the Mysteries of Psychic Card Analysis GIS Support Top-3 kasyna online na prawdziwe pieniądze w Polsce 7slots ile En Ýyi Slot Eðlenceleri ve Ödüller Resting around: From Chaucer to Castro | Life and magnificence | Intercourse Story: The Mom Giving Nudes From a cafe or restaurant Restroom Reasons Behind the Increase in Sex Shops Официальный сайт букмекерской конторы 1Вин 1win Team Россия Результаты, расписание матчей календарь игр Dota 2 The International 2024 Киберспорт Чемпионат Christchurch Casino facing money-laundering allegations Otago Daily Times Online News Best NZ Online Casinos 2024 Top Real Money Online Casinos Los mejores casinos online en Argentina 2024 mostbet Verimli Açýlýþ Hediyesi! mostbet En Büyük Fýrsatlar Sizinle! Get started now and revel in the many benefits of adult hookup dating TITRE II : JEUX D’ARGENT ET DE HASARD, CASINOS Articles L320-1 à L324-16 TITRE II : JEUX D’ARGENT ET DE HASARD, CASINOS Articles L320-1 à L324-16 Азино777 на деньги ️ Играть в игровые автоматы казино онлайн Mostbet-az90 Qazanmaq Kazinoda və onlayn mərclərdə Azərbaycan Online Dating Is Damaged. Can The Metaverse Fix-it? Enjoy the many benefits of on line dating with your rich people dating website Jogo do aviãozinho: o que são as apostas de cassino e como PL aprovado pode legalizar prática? what to anticipate from an asian chatroom Online Turnkey Casino and Gambling Software Platform CasinoEngine What makes a gay daddy chat room unique? Get ready to chat and flirt with sexy singles Аудиокниги на английском языке топ лучшей литературы по теме Читайте и слушайте онлайн на MyBook Как делать ставки на сайте российского букмекера 888 ru: инструкция Get ready for exciting and fun local hookup chats Benefits of joining a couples seeking third person dating site Start your search now and meet your perfect match for nearby hook ups What makes interracial dating in buffalo unique? La Females Dating: Call Cute Ladies Trouble-Free Get prepared the ultimate asian hookup experience things to look for in a gay sugar daddy website 10 Most Readily Useful More Mature Females Hookup Sites – Victoria Milan Video pornografi anak: ‘Orang tua korban’ ikut menyaksikan, kata polisi BBC News Indonesia Video pornografi anak: ‘Orang tua korban’ ikut menyaksikan, kata polisi BBC News Indonesia Video pornografi anak: ‘Orang tua korban’ ikut menyaksikan, kata polisi BBC News Indonesia Video pornografi anak: ‘Orang tua korban’ ikut menyaksikan, kata polisi BBC News Indonesia 1xSlots Partners: здесь твой трафик будет дожат Обзор ПП от прямого рекламодателя онлайн-казино 1xSlots Winning Tips for Live Roulette at 1xSlots PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal Nasıl kumarhane başari bet casino çevrimiçi seç müşteriler2024’te Get started now – find the perfect hook up site for couples PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal PinayVlog com Best Pinay Porn Site and Hot Pinay Sex Scandal Ways to get Laid in Abu Dhabi – where you should get and Date women Зеркало Casino — Доступные фриспины, игровые слоты джекпот Đại lý mua bán thẻ cào Gate: Thẻ Game Online, Thẻ Mobile, Thẻ Gate Coin Price Forecast How Accurate Are Their Predictions? Most readily useful spots in order to satisfy Girls In Santiago de Compostela & Dating Guide – WorldDatingGuides Exploring the Globe of Online Psychic Reading Opening the Mysteries: Virtual Tarot Card Analysis The Mystical Globe of Tarot Cards Unlocking the Mysteries: Free Tarot Card Analysis Online Accurate Numerology Calculator: Unlock the Tricks of Your Life Path Opening the Mysteries: Free Online Psychic Reading Free Tarot Card Reading Online Accurate Lotus: Every Little Thing You Required to Know Unlock the Secrets of Your Future with Free Tarot Card Card Analysis Online Numerology Graph Calculator: A Comprehensive Guide Opening the Mysteries of Free Tarot Card Card Readings Numerologist Calculator: Unveiling the Tricks of Numerology Free Tarot Card Card Analysis Online – Unlocking the Mysteries of the Future Tarot Readings Online: Every Little Thing You Required to Know The Art of Card Reading: Lectura de Cartas The Ultimate Overview to Tarot Card Online Analysis

Asia

Cash-strapped LeEco reportedly sees 1.2 billion yuan in assets frozen over unpaid debts

Chinese firm LeEco’s downward spiral continues after unpaid debts lead a Shanghai court to freeze 1.2 billion yuan ($180 million) in assets owned by its subsidiaries, chairman and CEO Jia Yueting and his wife, according to various local media reports citing court documents.

The assets were originally pledged as collateral in 2015 for a 2.4 billion yuan loan, and cover bank deposits and other assets owned by subsidiaries including LeEco’s main listed unit, LeShi Internet Information & Technology, LeShi Mobile Intelligence and LeView Mobile.

This is the latest blow to LeEco — once a tech darling success story in China, the firm’s fortunes seem to be reversing almost as quickly as they rose. The company, founded by Jia, originally started as an online streaming site before quickly expanding its business into everything from smartphones to electric vehicles. The company even jumped overseas, launching in the U.S. and India.

But LeEco’s fast ascent seems to have been funded by ignoring basic business sense as the company spent far beyond its means and failed to replenish its coffers. The fallout from its cash crunch continues to widen, scuttling a $2 billion deal to buy U.S. television maker Vizio, and hurting other related ventures. At one point last year, LeEco was so cash-strapped that Jia said he would cut his salary to 15 cents, and the firm has also suffered from layoffs.

Shares of listed unit LeShi have dropped 14 percent in Shenzhen this year. The stock has been halted from trading a handful of times, with the latest suspension hitting April 14 and continuing through today.

Source: cnbc china
Cash-strapped LeEco reportedly sees 1.2 billion yuan in assets frozen over unpaid debts

Comments are closed.