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Tesla wannabe LeEco to sell Silicon Valley site amid cash crunch: sources

Mr Jia admitted in a letter to staff in November that the firm was facing a "big company disease" and battling a cash crunch after expanding at an unprecedented rate.

Hong Kong

CHINESE technology conglomerate LeEco is looking to sell a 20-hectare US Silicon Valley property less than a year after buying it from Yahoo Inc, sources said, in what is the latest effort by the firm to ride out a cash crunch.

LeEco, one of China's most ambitious...

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