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Car-hailing firm Yidao Yongche denies cashflow problems

S.China Morning Post Sunday, 19 March 2017 ()
Yidao Yongche, the premium Chinese ride-sharing company controlled by LeEco, has denied any financial troubles, after media reports suggested it has failed to make payments to several of its service suppliers, and its drivers. The company insisted in a series of replies to local media that it is operating normally, and its cashflow is sound, although the company has admitted to some payment problems being caused by technical glitches. Financing activities are smooth, and the company plans to...
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