China’s LeEco Announces $600 Million In Funding Amid Cash Crunch

Chinese technology group LeEco said today it raised $600 million in fresh funding from a dozen local investors, as it seeks to sustain a number of fledgling businesses amid a cash crunch. The company’s billionaire founder Jia Yueting signed the financing agreements in LeEco’s Beijing headquarters with investors including Jiangsu-based apparel […]

from Forbes – Tech http://ift.tt/2gc7jG7
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