Leshi Internet says it must repay $890 million in debts by the end of 2018

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Leshi Internet says it must repay $890 million in debts by the end of 2018

 Leshi Internet, one of China’s largest video-streaming services, disclosed that it must pay back 5.62 billion RMB (about $890 million) by the end of this year. Leshi Internet’s (also known as Le.com) heavy debts stem from a financial crisis at its sister company LeEco, both of which were founded by Jia Yueting. Jia resigned as Leshi Internet’s chief executive officer last year.  Read More

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