You will be redirected back to your article in seconds

Court Orders LeEco Hong Kong Unit to Close

The Hong Kong arm of beleaguered Chinese conglomerate LeEco has been ordered to close down. A Hong Kong court Wednesday ordered its winding up after an application last month. Staff in Hong Kong were made redundant in January.

The unit had been intended as LeEco’s Asia-Pacific headquarters in 2014, and was to have provided OTT content and services via Le Corporation. It spent heavily on movie and TV rights, and had been reported as building up $9 million (HK$70 million) of debt.

Its creditors included Hong Kong film distributor Sundream Motion Pictures and newspaper Hong Kong Economic Times, which it had used for marketing.

LeEco group’s other Hong Kong company,LeSports HK said that the wind up of Le Corporation will have no impact on its operations. LeSports HK will continue to carry sports content including English Premier League soccer and NBA basketball games.

More Film

  • Judd Apatow

    Judd Apatow Calls On Fox Talent to Condemn Child-Separation Coverage

    The Hong Kong arm of beleaguered Chinese conglomerate LeEco has been ordered to close down. A Hong Kong court Wednesday ordered its winding up after an application last month. Staff in Hong Kong were made redundant in January. The unit had been intended as LeEco’s Asia-Pacific headquarters in 2014, and was to have provided OTT […]

  • 'Brothers' Nest' Review

    Sydney Film Review: 'Brothers' Nest'

    The Hong Kong arm of beleaguered Chinese conglomerate LeEco has been ordered to close down. A Hong Kong court Wednesday ordered its winding up after an application last month. Staff in Hong Kong were made redundant in January. The unit had been intended as LeEco’s Asia-Pacific headquarters in 2014, and was to have provided OTT […]

  • Dr. Dre and Marvin Gaye

    Dr. Dre Is Making a Movie About Marvin Gaye (EXCLUSIVE)

    The Hong Kong arm of beleaguered Chinese conglomerate LeEco has been ordered to close down. A Hong Kong court Wednesday ordered its winding up after an application last month. Staff in Hong Kong were made redundant in January. The unit had been intended as LeEco’s Asia-Pacific headquarters in 2014, and was to have provided OTT […]

  • Sam Mendes 1917

    Sam Mendes Sets WWI Movie '1917' as Next Directing Gig

    The Hong Kong arm of beleaguered Chinese conglomerate LeEco has been ordered to close down. A Hong Kong court Wednesday ordered its winding up after an application last month. Staff in Hong Kong were made redundant in January. The unit had been intended as LeEco’s Asia-Pacific headquarters in 2014, and was to have provided OTT […]

  • Michael Moses Dwight Caines

    Universal Marketing Overhaul: Michael Moses Promoted, Dwight Caines Hired

    The Hong Kong arm of beleaguered Chinese conglomerate LeEco has been ordered to close down. A Hong Kong court Wednesday ordered its winding up after an application last month. Staff in Hong Kong were made redundant in January. The unit had been intended as LeEco’s Asia-Pacific headquarters in 2014, and was to have provided OTT […]

  • TODD FISHER Bright Lights Producer

    Todd Fisher Opens Up About Deaths of Carrie Fisher and Debbie Reynolds

    The Hong Kong arm of beleaguered Chinese conglomerate LeEco has been ordered to close down. A Hong Kong court Wednesday ordered its winding up after an application last month. Staff in Hong Kong were made redundant in January. The unit had been intended as LeEco’s Asia-Pacific headquarters in 2014, and was to have provided OTT […]

More From Our Brands

Access exclusive content