More trouble for LeEco, Shanghai Court froze $182 million assets of LeEco Chairman

The Shanghai High People’s Court on account of missed load payments has frozen $82 million in assets of Jia Yueting (Chairman of LeEco). LeEco is already going through a financial crunch they even trimmed down their business operations in India.

The latest news is a big setback to LeEco company, all of you know that the LeEco company was not doing well for quite some time. They were going through a bad phase, they even closed several offices in India and limited the staff to the bare minimal.

Some were hoping that it could be a short term issue, but after this latest news it looks really difficulty for LeEco to come back. As mentioned, a shanghai court has frozen about $180 million worth of assets of Jia Yueting (co-founder / Chairman LeEco), his wife and 3 subsidiaries.

Leeco assets frozen

This was connected to the load for LeEco mobile business that the company failed to pay / missed payments. The bank went for legal option after they attempted to recover the interest but failed on several occasions.

Source : NYTimes.


  1. Devaraju M
  2. Stark
  3. N k gupta
  4. Raja
  5. raghav
  6. sachin11
  7. Shailendra Pratap Singh
  8. Anand
    • Ronak
  9. raaz007
    • Shashank
    • SKC
    • Pranav
  10. Bala
  11. Gstar
  12. Shrinivas
  13. Sahil

Leave a Reply (note your comments will not show immediately)

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: