Chief Operating Officer (COO) of Chinese multinational technology company LeEco Atul Jain and the COO for content Debashish Ghosh have resigned from the post.
As per the reports, the company hasn't given any statement about the plans in the Indian market, that is company can exit out of India. However, the plans are not confirmed, as the company didn't speak upon it.
Chinese firm’s chairman Jia Yueting had written a letter to shareholders, in which a statement spotted, "No company has had such an experience, a simultaneous time in ice and fire. We blindly sped ahead, and our cash demand ballooned. We got over-extended in our global strategy. At the same time, our capital and resources were, in fact, limited.”
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