China market: LeEco assets frozen due to overdue loan payments

A Shanghai court has frozen assets worth CNY1.237 billion (US$181.95 million) owned by Jia Yueting, chairman of cash-strapped TV vendor LeEco, his wife and three of its subsidiaries, according to media reports in China.

from DIGITIMES: IT news from Asia http://ift.tt/2sBxUCr
via Yuichun