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As LeEco Unravels, Its Founder Is Summoned Back To China To Face Regulators

LeEco's founder has some explaining to do to Chinese regulators

The founder of Chinese conglomerate LeEco has been ordered to return to China after ringing up mountains of debt in an attempt to diversify his businesses, including an aborted attempt to purchase American TV manufacturer Vizio.

“The Beijing branch of the China Securities Regulatory Commission (CSRC) said in a notice late on Monday that LeEco Chief Executive Jia Yueting must return to China before Dec. 31 to “fulfill his obligation” and protect investors’ rights.”

Reuters has the story.

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