ã€Global Science and Technology Report】 According to foreign media Android Central report, LeTV company financial tight, had to delay the payment of US employees wages in March.
LeTV company had to delay the payment of US employee salaries for March due to financial constraints. This news has been confirmed by the company and will affect at least 500 U.S. employees.
In October last year, LeTV started LeSports in the United States and hopes to open the North American market. Due to the fierce competition, the company has been continuously exposed to financial constraints. Today, LeTV started to default on supplier compensation and tried its best to maintain its sports broadcast rights.
LeTV CEO Jia Yueting intends to increase capital investment to establish a foothold in the United States, but reports that LeTV’s US market expansion plan is still hitting the wall. (Internship Compilation: Yin Ruimin Reviewer: Li Zongze)
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