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Economy

Leshi warns of $1.8 bln annual loss

1
2018-02-01 13:24Global Times/Agencies Editor: Li Yan ECNS App Download

Chinese video-streaming company Leshi Internet has warned of a net loss of 11.6 billion yuan ($1.83 billion) for 2017, its first annual loss as a listed company, citing a cash crunch at founder Jia Yueting's embattled technology conglomerate LeEco.

The shares dropped on Wednesday by the daily limit of 10 percent to 8.15 yuan.

  

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