LeEco secures over $2 billion investment from Sunac
"The company believes that the investment will bring a better return on capital for the company and will have greater room for cooperation with Leshi in the field of industrial real estate, and will also bring continued benefits to the further growth of the company`s property business," South China Morning Post quoted Sunac Chairman Sun Hongbin, as saying.
Through this investment Sunac would acquire 8.61 per cent stake in LeEco`s Shenzhen-listed unit Leshi Internet Information and Technology Corp, Beijing. Photo: Reuters