LeEco Selling Silicon Valley Land As Electric Carmaking Future Remains Uncertain

By Jon LeSage LeEco will be selling its Silicon Valley property less than a year after buying it – another sign that the Chinese tech conglomerate and its electric car subsidiaries face an unstable financial future.
In initially buying the 49-acre property from Yahoo, Inc, LeEco was looking to establish a strong foothold in the U.S. to market its LeSee and to support its Faraday Future electric luxury carmaker subsidiary, along with expanding its tech industry presence in Silicon Valley.
Billionaire founder and CEO Jia Yueting had sent a letter to staff in November admitting LeEco was facing a “big company disease” and was battling

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