Resignation comes a month after $2 billion deal for Vizio fell through.
Yueting Jia has stepped down as LeEco’s chief executive.
The chief executive of Chinese tech giant LeEco has stepped down a month after the company scrapped a $2 billion bid to buy US TV manufacturer Vizio.
Jia Yueting’s resignation was announced Sunday in a stock exchange filing, Reuters reported. Jia will retain his position as chairman, according to the filing, which also indicated the company’s chief financial officer would replaced as well.
LeEco has tried to make a big splash with its debut in the US. It announced its deal to buy Vizio in July, and in October, the company debuted a smart TV, phone, and self-driving car, as well as services to run on and connect its devices.
