Monday, November 7, 2016

China's LeEco to slow pace of growth, faces "big company disease" - CEO

BEIJING/SHANGHAI, Nov 7 (Reuters) - Chinese conglomerate

LeEco, which has invested in high-tech products from electric

cars to smartphones, is facing a shortage of cash and suffering

from expanding too fast and in too many directions, its CEO said

in a letter to staff.

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