Struggling Tech Giant LeEco Loses Global Corporate Finance Head
- Winston Cheng steps down to join JD.com executive team
- LeEco has suffered from executive departures and a cash crunch
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LeEco Inc.’s global head of corporate finance is leaving, according to a person familiar with the matter, the latest sign of retrenchment by the Chinese technology giant.
Winston Cheng, who joined LeEco in 2015, will be president of international at Chinese e-commerce company JD.com Inc., leading new business initiatives including investments and mergers and acquisitions, the person said. LeEco declined to comment. JD.com didn’t respond to a request for comment on Friday.