In early May, before heading to Beijing, Lu Liang casually attended Panda's financing meeting.
With a valuation of 280 million US dollars, Panda offered 25% of its shares and received 446 million dollars in financing funds from five venture capital firms including LeEco, Golden Sand River, and Chenhai.
As soon as Lu Liang arrived, he encountered Jia Yuetting, who was all smiles and chatting cheerfully, seemingly rejuvenated after securing a billion in financing to clear some loans and get the court case dismissed.
It seemed that LeEco was leading the investment again, fiercely throwing 158 million RMB into Panda, as if to declare to outsiders that LeEco was still standing strong, and Old Jia was still spirited.
"Mr. Lu, I heard you are going to invest in Li Xiang?"
Boss Jia looked slightly resentful. NIO invested, Li Xiang invested, but why not invest in his LeSEE?
