LeEco may not be well known in the Western world, but the company makes everything from movies, to phones to EVs. Unfortunately, its ambitions are being cut short because of financial difficulties.
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Reports say Sharp's board have agreed for the company to be taken over by Taiwan's Foxconn, bringing an end to years of financial uncertainty and marking one of the largest deals in Japanese history.
In a futile attempt to garner revenue and get out of financial trouble, Sharp has asked its employees to buy the company's products. This move is a result of facing strong competition from rivals.
German game maker Crytek is reportedly in financial trouble, resulting in delayed payments to employees, which has forced the staff of its UK division to stop working for the company.