Troubled Chinese Giant LeEco Said to Delay Paying U.S. Employees – Bloomberg (Apr 4, 2017)

This is yet another sign that LeEco may be struggling financially because of an overly aggressive expansion into the US and into new product categories over the past year. It’s apparently struggling to meet payroll on time, and has also been struggling to close its acquisition of Vizio. It’s still somewhat baffling to me that LeEco pursued such an aggressive strategy in the US, because it’s meant not only stretching its tight finances even tighter, but also launching with quite a different set of assets from those that made it successful in China.

via Bloomberg


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