Chinese Internet company LeEco says its electric car affiliate Le Supercar has raised US$1.08 billion from Lenovo, Yingda Capital, a venture capital firm backed by State Grid, Shenzhen Municipality-backed Shenzhen Capital Group, China Minsheng Trust, Macrolink Group and Hongzhao Capital. Company founder, Jia Yueting, announced the news yesterday via a televised evening gala broadcasted on […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.