Jia Yueting Resigns Leshi Role As Investor Sunac Pushes For Change

Jia Yueting, the billionaire entrepreneur behind troubled Chinese tech conglomerate LeEco, has resigned his post as general manager of the group's listed entity Leshi Internet Information & Technology Corp, as LeEco's major shareholder Sunac China Holdings pushes for change to bring the struggling company back on track.

Jia will continue to serve as chairman of the board of Leshi, while Liang Juna, a former executive at LeEco's smart TV unit, will become general manager of Leshi, according to a disclosure filing submitted by Shenzhen-listed Leshi.

At the same time, Leshi said its chief financial officer Yang Lijie, who has worked for Jia Yueting since 2004, will be replaced by an outsider, Zhang Wei.

The reshuffle will allow Jia Yueting to focus on the company's strategy and vision, according to the disclosure, while Yang Lijie ...

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