Troubled tycoon asks wife to help settle financial woes

LeEco founder Jia seeks time from creditors to clear outstanding debts

Chinese actress Gan Wei, better known as the spouse of beleaguered tycoon Jia Yueting, said on Wednesday that she would deal with the debt issues plaguing LeEco.

In a post on her Sina Weibo account, China's Twitter-like social media, Gan said that she would meet the creditors to resolve the debt problems and confirmed that Jia owed 6.9 billion yuan ($1 billion) on loans connected to pledged shares, and has paid 1.7 billion yuan towards interest on the same since 2014. She urged investors, media, government and the society to give more time and space for Jia.