leeco revenue: He claimed that the share price drop last week was orchestrated by competitors who wanted to interfere with the company restructuring plans, according to an excerpt of his speech published on sina.cn, according to Global Times China. But despite the pressure, LeEco will maintain its genes, dreams and ideals and find a unique way, Jia said, before listing the company plans going forward, including fundraising and research and development. Speaking at a business leaders summit in Beijing, Jia admitted that the company faces huge pressure on its cash flow mainly caused by its cellphone business. Jia further stated that LeEco revenue for 2016 could reach 50 billion yuan 7.24 billion compared with the previous year 18 billion yuan. The share price for LETV, the listed unit of LeEco, took a dive on Tuesday, dropping 7.85 percent. LeEco will complete another round of fundraising within a month, after which the company problems will be resolved to a certain extent, Jia said, without elaborating on the amount to be raised or other details.
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