Sun Hongbin, chairman of Chinese property developer Sunac China Holdings, was voted in as the chairman of Leshi Internet Information and Technology Corp on Friday.

 

融创中国董事会主席孙宏斌周五被选举成为乐视网信息技术股份有限公司董事长。
 

 

Sunac, along with other investors¹, poured 16.8 billion yuan ($2.5 billion) into LeEco, the parent company of Leshi, at the beginning of 2017.

 

However, the new appointment has come as LeEco continues to struggle with a cash crunch².

 

Liang Jun, who has been in charge of LeEco's smart TV business, will now stand as the legal representative of Leshi.

 

Jia Yueting, founder³ of LeEco, resigned all his positions at Leshi earlier this month after having a majority of his shares in Leshi frozen by a local court due to unpaid⁴ debt.

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