China’s Netflix, LeTV, is seriously investing in electric vehicles
Leshi Internet Information & Technology, also known as LeTV, is a large Chinese company most popular for its Netflix-like service on LeTV.com. Earlier this year, CEO Jia Yueting sold $1.61 billion worth LeTV’s shares, $1.2 billion of which he loaned right back to the company to finance the numerous projects they are working on, which include a smartphone, smart TV and electric cars…
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