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China's Leshi on verge of delisting as debts pile up

Startup's fall from grace fueled by overly aggressive expansion

Leshi Internet Information & Technology founder Jia Yueting, right, introduces an electric car. The company's expansion outside streaming services has led to a pile of debt it cannot repay.   © Reuters

DALIAN, China -- Chinese streaming service Leshi Internet Information & Technology's stock market listing has been suspended, the company said Monday, as debts mount from its aggressive diversification efforts.

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