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LeEco to reportedly sell its Silicon Valley facility ‘EcoCity’ amid financial troubles

BGR India Monday, 20 March 2017
The last few months haven’t been going too well for LeEco. Even as the company continues to struggle with its finances, LeEco is now reportedly looking to sell its 49-acre space in Silicon Valley which it had allocated for its US headquarters. The decision is believed to be due to the company’s ongoing financial turmoil. According to Reuters, the Silicon Valley site, dubbed as EcoCity, was part of LeEco’s ambitious plans to expand its footprint to the US. The site was picked up from Yahoo and was supposed to house more than 10,000 employees in a state-of-the-art facility. “We’ve always envisioned EcoCity would be an open environment that would be a place for our employees, our partners and the community
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Source: Bloomberg Technology - < > Embed

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