LeEco’s Founder Jia Yueting Steps Back From Struggling Business. Faraday Future’s Future Unclear (update)
By Mark Kane LeEco, the Chinese parent company of Faraday Future, is currently undergoing a massive restructuring, and now an executive reshuffle after earlier bold plans turned out to be well under-capitalized, causing a cash-crunch at the company. LeEco’s founder Jia Yueting is being replaced as general manager of Leshi Internet Information & …read more
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