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Faraday Future Looking To Raise $1 Billion As Main Backer LeEco Struggles

Thu May 25 08:05:43 EDT 2017 | Carscoops
Faraday Future is reportedly looking to raise $1 billion in a bid to protect itself from the financial problems of its main backer, Chinese tech giant LeEco. The electric car startup has already started meeting with potential investors and is looking for advisers, according to a source with direct knowledge of the matter who spoke to Bloomberg. LeEco is currently dealing with cash starvation, following a very rapid expansion with businesses all over the spectrum, including electric cars, smartph..

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Faraday Future is reportedly looking to raise $1 billion in a bid to protect itself from the financial problems of its main backer, Chinese tech giant LeEco. The electric car start..
Chinese tech conglomerate LeEco is reshuffling the executive roster of its publicly traded unit, Leshi Internet Information and Technology Corp., as it continues to struggles with ..
LeEco, often called the "Netflix of China," is in the news again, and again it's because another disaster has befallen the company. After announcing a $2 billion merger with T..
LeEco’s financial woes are well documented so far and the time is approaching for the Chinese giant to make a decision whether they should drop their EV project in the US completel..
FILE PHOTO: LeEco's new Le Pro3 phone is on display during a press event in San Francisco, California, U.S. October 19, 2016. RETUERS/Beck Diefenbach/File Photo FILE PHOTO: Jia Yue..
Chinese technology conglomerate LeEco said it plans to eliminate about 325 jobs in the U.S. and sharply reduce research and development operations, after struggling to raise funds ..
Chinese consumer electronics company LeEco officially put the brakes on its ambitious U.S. expansion plans Tuesday, laying off 325 of its U.S.-based staff and in turn acknowledging..
Leshi Internet Information & Technology Corp., the Chinese consumer electronics company better known under its brand name LeEco, has replaced its founding CEO Jia Yueting,..
TAIPEI China's embattled LeEco aims to cut its U.S. workforce to around 60 people from about 500 earlier this year, as the Netflix-to-Tesla-like group streamlines global operations..
LeEco confirmed on Tuesday that it will lay off the bulk of its U.S. workforce , as CNBC first reported Monday evening. According to CNET, the company is cutting 325 employees, or ..
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LeEco will continue to operate in the US but will focus on the narrower segment of Chinese-speaking households, a spokesperson told Cnet. This partial retreat isn't surprising, as ..
Ford Motor (F) replaced its chief executive, a 28-year company veteran, because major shareholders -- including the founding Ford family -- had the --- about Silicon Valley com..
Chinese company and financial backer of Faraday Future, LeEco, has slashed 70 per cent of its workforce in the United States. CNBC reports that the company’s current U.S. workforce..
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HONG KONG May 24 Chinese TV and smartphone vendor LeEco said it will lay off 325 employees in the United States as the sprawling, cash-strapped conglomerate scales back operations ..
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On Tuesday, the main financial backer of Faraday Future, Chinese company LeEco, slashed its U.S. workforce by 70 per cent. Despite these significant cuts, FF claims that it is unaf..
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