According to the China-based Global Times, CEO of LeEco Jia Yueting sent a company-wide memo out on Sunday saying the company's rapid global expansion hasn't gone as well as hoped. In the memo, Jia says that "LeEco's growth pace and organizational capabilities" have been a problem, and that a lack of capital and resources resulted in poorer than expected momentum in the company's various businesses.

Jia specifically calls out "non-listed" LeEco, which are the various ventures of Jia organized through a large number of private subsidiaries not a part of the larger LeEco listed on the Shenzen Stock Exchange.

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