Leshi appoints new chairman

Updated 2017-07-22 14:09:56 China Daily

Sun Hongbin, chairman of Chinese property developer Sunac China Holdings, was voted in as the chairman of Leshi Internet Information and Technology Corp on Friday.

Sunac, along with other investors, poured 16.8 billion yuan (.5 billion) into LeEco, the parent company of Leshi, at the beginning of 2017.

However, the new appointment has come as LeEco continues to struggle with a cash crunch.

Liang Jun, who has been in charge of LeEco's smart TV business, will now stand as the legal representative of Leshi.

Jia Yueting, founder of LeEco, resigned all his positions at Leshi earlier this month after having a majority of his shares in Leshi frozen by a local court due to unpaid debt.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 27 2017 02:01:04

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 27 2017 02:01:04

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 27 2017 02:01:04

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords