DALIAN, China -- Video streaming service Leshi Internet Information & Technology is struggling to regain its financial footing as an ill-conceived push to diversify has left the company with a negative net worth.
The owner of a Leshi smart TV store on the outskirts of the northeastern Chinese city of Dalian stares at his unsold inventory and muses that he can no longer keep the store open. There are no customers in his 30-sq.-meter shop.
