BEIJING: The founder of China’s struggling tech group LeEco, Jia Yueting, has pledged to take full responsibility for the company’s debt troubles amid a deepening financial crisis and after some of the company’s assets were frozen.
Jia, writing in a post on his public WeChat account, apologised for causing worry, pledged to pay back LeEco’s debts and to stick to its ambitious electric vehicle project.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
