LeEco Chairman to cut his salary to ₹10
The billionaire Chairman of Chinese tech firm LeEco Jia Yueting has admitted his technology empire is running out of cash, and has pledged to slash his income to 15 cents (around ₹10). In a letter to employees, Jia apologised and further pledged to slow LeEco’s pace of expansion. The firm will immediately begin cost-cutting programmes, he added. 