Faraday Future, the electric vehicle startup with a messy and complicated past, is planning to go public through a special purchase acquisition company (SPAC) deal. The company’s chief executive Car
There’s a rare moment of cheer for floundering electric car maker Faraday Future after it landed a new investor and a fresh commitment of capital. Evergrande Health, a division of Hong Kong-list
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.c
HQ Trivia is coming to Android, Amazon Echo is the No. 1 best seller on the site and the founder of LeEco is ordered to return to China. All this on Crunch Report.
The founder of beleaguered tech conglomerate LeEco is facing yet another huge headache. Jia Yueting has been ordered by the China Securities Regulatory Commission’s Beijing branch to return to the c
Last April, LeEco heralded the opening of a new Silicon Valley office in San Jose. The new building would be the home of the company’s US operations, with enough space to house up to 800 workers. Th
Hyperloop One tests a full-scale version, Vizio is suing LeEco for breach of contract, MIT envisions 3D without the glasses and Microsoft has a plan to challenge DeepMind. All this on Crunch Report.
Last summer LeEco announced it intended to purchase the U.S.-based TV maker Vizio for $2 billion. The deal fell through in March amid myriad problems surrounding LeEco, including a major cash crunch
Some LeEco employees in China will not get paid until August. According to an official statement provided to TechCrunch, Leshi Holdings, LeEco’s holding company has decided to postpone July̵
Faraday Future might as well pack it up and call it a day. The company has reportedly abandoned plans to build a massive factory in the Nevada desert. This facility was going to cost $1 billion to bui
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
After a months-long parade of endless red flags, LeEco’s Stateside woes finally came to a head this week. The company announced that it would be laying off 325 employees in the U.S. alone. And judgi
It’s hard to know where to begin with this mess. It’s only been seven months since LeEco launched in the U.S. with one of the most bizarre press conferences in recent memory, right down to the sup
Chinese tech conglomerate LeEco is reshuffling the executive roster of its publicly traded unit, Leshi Internet Information and Technology Corp., as it continues to struggles with cash flow issues and
LeEco’s coming to America tale has been fraught with one bad piece of press after another. The company added to the laundry list this week by announcing that it formally pulled the plug on its EcoPa
Netflix reaches 75% of U.S. streaming viewers, LeEco scraps its plan to acquire Vizio, Uber isn't welcome in Italy anymore and Cadillac is launching an autonomous driving system. All this on Crunch Re
Chinese electronics giant LeEco will not acquire U.S.-based TV maker Vizio as announced, the two companies said today. The deal has been hitting roadblocks according to recent reports, and now it̵
There are more problems for ambitious Chinese tech firm LeEco. Its acquisition of U.S.-based TV maker Vizio, a surprise deal announced last summer, has run into issues, according to media reports in C
According to a new report from Reuters, LeEco is said to be seeking a buyer for the 49-acre swath in Silicon Valley set for the site of its future US headquarters. The Chinese electronics polymath hig
Ambitious Chinese tech firm LeEco is downsizing its presence in India less than six months after founder Jia Yueting warned that the growth of some parts of its business had become unsustainable. The
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