Zhou Hang (pictured), founder of LeEco-controlled chauffeured car service provider Yidao Yongche, is rumored to have left the company to join Shunwei Capital as a partner.
If true, the news will deal a major blow to struggling Yidao Yongche, a Uber-like ride hailing service acquired by LeEco in 2015.
As LeEco, an Internet and technology conglomerate founded by Chinese billionaire Jia Yueting, faces its own existential crisis after years of over-expansion, Yidao Yongche has also come under pressure as users and drivers complain of falling services.
Last September, Zhou reportedly left Yidao Yongche, but the company denied the rumors. Both Shunwei Capital and Yidao Yongche did not immediately respond to inquiries from China Money Network to confirm the facts.
Zhou Hang founded Yidao Yongche in 2010, and the company currently operates in 77 cities in China...
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