How the troubled Chinese tech firm LeEco borrowed $2.1B since the beginning of 2016 through China’s shadowy informal financial system (Ryan McMorrow/New York Times)


Ryan McMorrow / New York Times:

How the troubled Chinese tech firm LeEco borrowed $2.1B since the beginning of 2016 through China’s shadowy informal financial system  —  When a Chinese tech company with global ambitions began to run short of cash last year, it sought billions of dollars from new investors.  One of them was a music teacher.

Source: http://www.techmeme.com

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