Le uh-oh: Chairman's personal assets frozen as LeEco's debt crisis worsens

It's been a difficult year for LeEco, and it looks as though things may be about to go from bad to worse. The Chinese tech firm had ambitious plans to break into the US market, particularly with its Le Mobile phones, but mounting debt and poor sales leave it in a perilous position. Just last month we learned that Jia Yueting was voluntarily leaving his position as CEO at the same time as around 70% of the organization's US workforce was let go.

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Le uh-oh: Chairman's personal assets frozen as LeEco's debt crisis worsens was written by the awesome team at Android Police.



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