Posted inBeijing, China

China’s disgraced Leshi sees US$1.8 billion loss for 2017

After reporting a profit of more than 500 million yuan in 2016, Chinese video-streaming company Leshi has announced an expected net loss of 11.6 billion yuan (US$1.83 billion) for 2017. The company was once the flagship listed unit of tech conglomerate LeEco, and has blamed debt woes of its parent company on the revenue drop. […]

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