13631 Chinese giant LeEco on the verge of bankruptcy?
Chinese giant LeEco on the verge of bankruptcy?

Chinese giant LeEco on the verge of bankruptcy?

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Chinese company LeEco was in a difficult financial situation. As reported by Chinese news site Tencent, as well as the Financial Times, the Shanghai court has frozen $ 180 million in assets of the company owned by its co-founder Jia Wetin, his wife, Gan Wei, and three subsidiaries. The initiator of the claim was the Chinese Bank China Merchants Bank, as LeEco ceased to pay him the interest on loans that the company took to its mobile business, the business of producing watches and other departments.

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