LeEco founder Jia Yueting resigns as CEO of company’s main listed unit

LeEco founder Jia Yueting has stepped down from his position CEO of Leshi Internet Information and Technology Corp., the company’s main publicly listed unit, according to a report from Reuters. The move comes as part of a wider restructuring aiming to address the business’ recent cash-flow problems.

Jia will be replaced by Liang Jun, a former Lenovo executive who joined Leshi — also known as Le.com — in 2012, while chief financial officer Yang Lijie, who resigned due to personal...

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