LeEco's capital chain problem continues to unfold, and its public offering fund is facing dire challenges. Although the LeEco CEO Jia Yueting relinquished his board chairmanship of sister company, Leshi and this has temporarily relieved the problem, its huge debt problem is far from over. The logic of Leshi is simple: high valuation - fund raising – narratives support - chaotic acquisition - collapse. There are many Chinese enterprises relying on this development mode, the reason that there was no issue so far is because of the amount of money placed in the corporate debt, foreign investment, retail, and state investment. If the collapse of the enterprises affected the China’s monetary condition, once there is the tightening of the supply of money, no company can withstand this no matter of its scale.