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le eco Beijing

Le Eco Beijing Tower Up for Auction on JD.Com for RMB 678M

2019/10/22 by Jan Kot Leave a Comment

After its founder filed for personal bankruptcy in the US just last week, Chinese tech startup LeEco has seen its Beijing headquarters put up for sale by the capital’s courts after the electronics-to-video streaming group failed to make payment on… Read More>>

Beijing Shimao Gongsan

Le Eco Auctioning Beijing Shimao Gongsan Plaza on Taobao for RMB 2.3B

2018/12/11 by Jan Kot Leave a Comment

True to its online, e-commerce, new economy roots, cash-strapped Chinese tech company LeEco has put a 50,000 square metre (538,000 square foot) Beijing shopping center up for auction on China’s flagship e-commerce platform Taobao as it continues to scramble for… Read More>>

Sun Hongbing

Sunac China Buys Control of Failing Le Eco Units After Losing $2.6B

2018/09/26 by Emma Zhou Leave a Comment

China’s fourth largest real estate developer Sunac China Holdings has taken control of two of the three units of Jia Yueting’s financial-troubled LeEco company via court auction, at a price of RMB 773 million. The investment comes after the developer… Read More>>

Xu Jiayin China Evergrande

Evergrande Said to Bet $300M on Jia Yueting’s Faraday Future

2018/04/17 by Shawna Kwan Leave a Comment

Chinese property tycoon Sun Hongbin said he had never regretted anything until he blew $2 billion backing Jia Yueting’s troubled conglomerate LeEco. But the teary-eyed confession by the chairman of Sunac Holdings doesn’t seem to have given rival property baron… Read More>>

IndiGo Air Owner Said to Bid $277M for Hyderabad Project and More Asia Real Estate Headlines

2018/04/10 by Greg Isaacson Leave a Comment

Leading today’s roundup, the owner of India’s top airline is said to be offering over a quarter-billion dollars for a sprawling office complex in Hyderabad that is jointly owned by Singaporean sovereign wealth fund GIC and US developer Tishman Speyer…. Read More>>

Sun Hongbin Kaisa

Sun Hongbin Resigns as Chairman of LeEco Unit as Mainland Media Firm Fails

2018/03/16 by Shawna Kwan Leave a Comment

Sunac chairman Sun Hongbin has stepped down as the chairman of Leshi Internet Information & Technology, a video streaming subsidiary of mainland new media trainwreck LeEco.

Sun resigned before his term’s expiration date of October 13 due to “job adjustments,”… Read More>>

Jia Yueting LeEco

LeEco Unit Faces Friday Shut Down in Hong Kong After Missing $1.3M in Rent

2018/03/14 by Shawna Kwan Leave a Comment

Mainland media magnate Jia Yueting’s LeEco may be about to suffer another setback in its battle to climb out of a RMB 16.8 billion ($2.7 billion) debt hole, as a Hong Kong online streaming unit of the Beijing-based conglomerate is… Read More>>

Yu Liang Vanke

Chinese Outbound Investment Hits 4-Year Low and More Asia Real Estate Headlines

2017/11/22 by Michael Cole Leave a Comment

Chinese investors were just about to take over the real estate world, until 2017 ran them down like a they were Democratic presidential candidates who operated their own email servers. Also in the property news today, more mainland developers blaze… Read More>>

Sun Hongbin Sunac

Sunac Plans $1B Bond Sale and More Asia Real Estate Headlines

2017/08/02 by Greg Isaacson Leave a Comment

China’s acquisitive corporate giants can’t seem to catch a break these days. In today’s news, debt-addled Sunac China is looking to sell up to $1 billion in US dollar bonds after snapping up nearly $15 billion in assets over six… Read More>>

Jia Yueting LeEco

Sunac Boss Sun Hongbin Joins Board of Flailing LeEco and More Asia Real Estate Headlines

2017/07/07 by Michael Cole Leave a Comment

China’s 2017 credit crunch may already be paying dividends for its real estate heavyweights as distressed asset enthusiast Sun Hongbin of Sunac moves onto the board of a struggling mainland tech giant on the same day that its chairman exits…. Read More>>

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