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Tim Culpan

The Empire Won't Strike Back

It's time to jettison the parts that don't fit.
relates to The Empire Won't Strike Back
David Paul Morris/Bloomberg

You have to admire Jia Yueting's tenacity.

At the same time as he told a smattering of shareholders last week that parts of his LeEco empire are now in worse shape then when its cash crisis became public in October, he had the audacity to follow up with another bout of optimism: