electric car project

LeEco Says 2016 Sales Will More Than Double

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Chinese internet firm LeEco said on Wednesday its 2016 revenue will more than double to exceed 50 billion yuan ($7.38 billion), as the firm works hard to ease investors’ concerns that its over-expansion efforts will affect the cash flow of its listed arm and drag down its long-term growth. Jia Yueting, CEO and founder of … Read more

Leshi Stock Plunges To 13-Month Trading Low

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Leshi Internet Information and Technology Corp’s shares hit a 13-month low on Monday, as its parent company LeEco is facing mounting doubts about its cash flow and over-expansion efforts which could drag down its growth. The Shenzhen-listed firm’s shares dropped 4.68 percent on Monday, marking the fourth straight daily decline. Its market value has declined … Read more