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LeEco / LeTV

Consumer electronics/mediaChina
📉 Public < $1B
Peak $25 BillionToday
~-99%
from peak
  1. 🦄
    Became a unicorn
    2015
  2. 📈
    Peak valuation
    $25 Billion ’15
  3. 💔
    Became a Unitard
    May 2017
  4. 💸
    Last valuation
    ~$250M
Current status
Delisted amid fraud; founder fled to US

How it happened

LeEco, whose listed arm Leshi Internet reached a market value around $25B, sprawled from streaming video into phones, TVs, and electric cars under founder Jia Yueting. A cash crisis in 2017 exposed the overextension; China's securities regulator (CSRC) later fined Jia and Leshi and banned him from the markets for life over a decade of financial-reporting fraud. The stock was delisted and Jia fled to the United States.

Source: Caixin/SCMP; CSRC civil fine + lifetime market ban (2021)

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