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cash crunch

LeEco Is Selling off Silicon Valley Site Because of a Cash Crunch

March 20, 2017 by John Hinson

LeEco, the Chinese technology conglomerate, is going to sell their Silicon Valley property spread across 49 acres less than a year from buying it from Yahoo Inc. in the first place, according to the sources. This is their latest efforts to curb the cash crunch the firm is going through. LeEco, which grew from a …

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