Less than a year ago, Chinese tech giant LeEco landed in Silicon Valley with dreams of crushing both Apple and Tesla at their own game. Now, the Beijing-based tech empire is strapped with a severe cash crunch as it tries to salvage its electric car and smartphone ambitions. Last year, the company had said it planned to hire 12,000 workers in Silicon Valley.
Cash crunch at LeEco 'far more severe than expected,' says founder
Cash crunch at LeEco 'far more severe than expected,' says founder