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China tech

Chinese video platform Leshi delisted after string of losses

Diversification strategy backfired on tech group

Jia Yueting, co-founder of the Chinese tech group that includes Leshi, poses for a photo after a 2016 Reuters interview.   © Reuters

DALIAN, China -- Chinese video-streaming company Leshi Internet Information & Technology said Thursday that it had been delisted from the Shenzhen Stock Exchange.

The move came after the company booked an annual loss for three consecutive financial years.

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