Many were lured by the idea of getting in early — a real desire in start-up-mad China — and Mr. Jia’s promise<br />that he or his investment vehicles would buy back the shares at a generous rate of return if the businesses did not go public.<br />When LeEco also began selling investment products online, Mr. Li snapped them up, even though the company said little about where the money would go.<br />Venturing into other corners of China’s financial system, LeEco has raised $2.4 billion since last<br />year by selling shares or debt convertible into shares in its various privately owned affiliates.<br />Economists worry that Chinese companies are borrowing too much money outside the scrutiny of regulators<br />and planting too many potential debt bombs in the corners of China’s financial system.<br />Here’s How a Chinese Tech Firm Borrowed $2.1 Billion in a Hurry -<br />By RYAN McMORROWJUNE 3, 2017<br />When a Chinese tech company with global ambitions began to run short of cash last year, it sought billions of dollars from new investors.
