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China tech giant's American dream awakes to harsh reality

LeEco's bid to buy US big-screen TV brand Vizio fails to go through; it is also grappling with financial problems

LeEco founder Jia Yueting with Nick Sampson, senior vice-president of product R&D and engineering at Faraday Future. The electric car venture faces lawsuits from contractors who say they haven't been paid.


AN ambitious Chinese technology giant with a French-sounding name burst into the US last year with dreams of disruption. Called LeEco, it offered to buy Vizio, one of the biggest names in American big-screen televisions, for US$2 billion.

Its founder backed an American...

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