Cash-strapped LeEco CEO pledges to take all responsibility, repay debts

It’s a big promise for Jia, who founded Beijing-based LeEco. The company was once a tech darling success story, starting with online video streaming before quickly expanding to smartphones and electric vehicles, and even launching in India and the U.S. But the...

SoftBank aims to raise as much as $5 billion via bond issue: Source

Japan’s SoftBank Group is targeting raising between $3 billion and $5 billion through an offering of U.S. dollar bonds, according to a person familiar with the plans. The group has named Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank as joint...