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LeEco's billionaire founder pleads for time as creditors close in
Published Thu, Jul 6, 2017 · 09:50 PM
Beijing
LEECO chairman Jia Yueting asked for more time to repay debt and realise his ambitions of disrupting the vehicle industry, days after a Chinese court froze billions of dollars in assets controlled by him and associated companies.
The increasingly beleaguered tycoon, who built his sprawling tech conglomerate on a Netflix-like streaming service and smart TVs, said in a Weibo post that he's decided to devote his …
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