Huawei-anställda gripna – sägs ha läckt hemligheter

LeEco (Chinese: 乐视生态; pinyin: lèshì shēngtài) is a group of companies founded by Jia Yueting, the founder of Le.com (aka LeTV). The group maintains ventures in consumer electronics, automobiles, film and other business. The holding company of the group is known as Leshi Holding (Beijing) Co., Ltd. (Chinese: 乐视控股(北京)有限公司; pinyin: lèshì kònggǔ běijīng yǒuxiàngōngsī). LeEco has expanded to countries outside of China, such as the United States and India. In late 2016, the chairman Jia Yueting admitted that the company was facing acute financial troubles, stating: "We blindly sped ahead, and our cash demand ballooned. We got over-extended in our global strategy. At the same time, our capital and resources were in fact limited." The company has indicated that it will raise billions of dollars from investors, but did not specify where the money would come from or how it would be allocated.