Even a $2.2 billion investment couldn’t solve LeEco’s money problems

LeEco wanted too much too fast, and its overzealousness caught up with it almost immediately. Chairman Jia “YT” Yueting has long acknowledged the company’s cash problems in the wake of its rapid growth, but while PR has tried to backtrack and otherwise spin his statements in the past, new comments this week paint an even bleaker picture of the company’s health. During… Read More