Letv

Core Executive of Faraday Future Jerry Wang Quits

Jerry Wang, one of the core executives and Vice President of Global Capital Markets at California-based EV startup Faraday Future, updated his personal LinkedIn page on Tuesday, indicating that he had left the firm.

Debt-ridden LeTV Adds Debt Total to App Icon Amid Lunar New Year Red Envelope Fever

Debt-ridden LeTV on Feb. 6 updated its app to Android 9.24 and changed its icon, adding the caption “owing 12.2 billion yuan.”

Former LeVision Pictures CEO Zhang Zhao Dies at 58

Zhang Zhao, former CEO and executive director of LeVision Pictures, one of the largest film production companies in China, died at the age of 58 on Feb. 3.

Jia Yueting No Longer Owns Equity in FF, Apologizes For Downfall of Leshi

FF and Leshi Internet founder Jia Yueting said on July 2 that his personal bankruptcy reorganization process was finally completed on June 26 in the United States.

Jia Apologizes to Creditors and Vows to Pay Back All His Debt

Jia Yueting recently sent a letter to more than 100 creditors to assure them of his convictions to pay back all debts accumulated from his founding company, Leshi Holding Group

Le.com on the Brink of Delisting, CEO Jia Yueting Under Investigation

LeEco founder Jia Yueting is being scrutinized by Chinese securities regulators and Leshi is on the edge of delisting.

Once Among the Richest on Forbes, Now He Has Traded the Dream for 300 Million USD

LeEco founder Jia Yueting is welcoming his second white knight after investments by Sun Hongbin, billionaire real estate developer and the founder and chairman of Sunac China Holdings. This white knight came with 300 million U.S. dollars in hand.

Beijing Government Orders LeEco’s Ex-Chairman Back to China by Yearend

The Beijing Securities Regulatory Bureau released an announcement on December 25 that former LeEco chairman YT Jia must return to China by December 31. Jia is required to fulfill his duty as LeEco’s actual controller to deal with LeEco’s risks and protect investors’ rights and interests.

Samsung Phone Sales Fall in China, Market Share Plummets to 1.6% in Q4

An army of Chinese brands led by Xiaomi has come to dominate the domestic smartphone market. SONY, Samsung, Blackberry and a large number of overseas brands have become its victims. Foreign media reported that Samsung’s smartphone market share in China fell to 2 percent in Q3, putting it in ninth place.

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