We are reader supported. External links may earn us a commission.

Phones

LeEco chairman steps down as CEO of Leshi, CFO also replaced

By Jules Wang May 22, 2017, 12:27 am

Jia Yueting, who is chairman of LeEco and Coolpad, will remove himself from the CEO role of its parent company, Reuters reports.

Digital media distributor Leshi filed documents with the Shenzhen stock exchange that also calls for a replacement CFO as the current one, Yang Lijie, resigned for personal reasons. Liang Jun, who had a lead role in Lenovo before coming to Leshi in 2012, will take over as CEO. Chinese regional CFO, Zhang Wei, takes the financial reins at LeEco.

Under his leadership, Jia was reported to have put LeEco on a path of unsustainable spending that has tumbled over hurdles in US projects and a margin call on LeEco stock. He will double down on “corporate governance, strategic planning and core product innovation” and will continue to oversee operations at LeEco.

POCKETNOW VIDEO OF THE DAY

Correction: A previous version of this story misstated that Jia Yueting was stepping down as CEO of LeEco, not Leshi. Pocketnow regrets the error.

Search

Latest Articles

iOS

Here's how the Apple iPod changed the world in 21 years

iPod was an industry-changing device at its time, and it had a massive impact on modern smartphones, and the way we listen to music. We take a last look at the now-discontinued Apple iPod and the history it leaves behind.

By Roland Udvarlaki May 11, 2022, 10:00 am
iOS

How to use Mic Modes in VOIP and FaceTime Calls

This guide will go over the steps you need to follow to activate one of the available Mic Mode settings on Apple Devices to begin using the feature and improve your calling experience.

By Aryan Suren May 10, 2022, 10:00 am
Phones

This iPhone 14 feature might urge users to upgrade

Until now, it appeared that iPhone 14 would only be a minor upgrade over the iPhone 13 series. However, a new leak suggests that the iPhone 14 will come with one feature that might urge users to upgrade.

By Sanuj Bhatia May 9, 2022, 5:00 am