China's LeEco raises $2.2 billion from new investors 
Chinese technology startup LeEco has raised $2.2 billion in funding from new investors including Tianjin Jiarui Huixin Corporate Management Company and property developer Sunac China Holdings. This comes after LeEco Founder Jia Yueting, in November 2016, said that the startup faced a shortage of cash and had suffered from expanding too fast in too many verticals.