Jia himself also sold part of his own stake.
It also purchased Vizio for $2bn in July, as well as setting up headquarters in Silicon Valley.
No company has had such an experience of being caught in both ice and fire.
He also promised to give more attention to the listed subsidiary, which operates smart TV platform LeTV.
He added the firm would look to integrate other parts of the business into the listed unit.
However, some of the losses were recovered on Tuesday.
Source:CNN
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source: www.techworm.net
