After deriding Apple as too slow, China's LeEco hits cash crunch, halts stock trading
Ambitious Chinese tech firm LeEco halted stock trading after plummeting share prices reportedly triggered margin calls for its cash-strapped billionaire founder Jia Yueting. LeEco had been hailed as an Apple threat, with tech journalists giddy in reporting Jia's contempt for Apple—a company Jia derided as "extremely slow" and compared to the Nazis.