LeEco talks 'to give up' soccer rights

Move latest in efforts to reduce pressure on cash-strapped group

Chinese internet major LeEco is reportedly in talks to give up the exclusive online broadcasting rights to the country's top soccer competition, as the cash-starved company continues work on recovering its financial position.

The group's LeSports unit is in discussions to abandon the broadcasting rights for the Chinese Super League's 2017 season, local media outlet The Paper reported on Thursday.