A few months after admitting that it is facing a financial crises, technology startup LeEco has raised a net amount of 15.04 billion yuan ($2.2 billion) in a new round of investment funding from the Chinese property developer Sunac China Holdings, according to a stock exchange statement made by Sunac on Friday. 

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LeEco's Chairman Jia Yueting slashed his income to fifteen cents in November after admitting that the company overstretched as it "blindly sped ahead."

Last year, Jia said that LeEco was facing financial obstacles because of its rapid pace of growth, but the company soon came up with an announcement that it had secured commitments for $600 million to support its automotive and other high-tech businesses.

Sunac, through its real estate subsidiary Sunac Real Estate, said that it plans to invest in LeEco's Shenzhen-listed unit Leshi Internet Information and Technology Corp Beijing by acquiring an 8.61 percent stake in the company.

Sunac also plans to invest an additional 1.05 billion yuan in LeEco's film production company, Leshi Pictures, by acquiring a 15 percent stakes and another 7.95 billion yuan ($1.15 billion) for a 33.5 percent stake in Leshi Internet's subsidiary Leshi Zhixin, known for its smart Internet TVs. Trading of Leshi Internet Information's shares, which was suspended on December 6, will resume on January 16.

Sunac, which has been seeking investment opportunities in China's technological innovation and the upgrade of consumption sectors, said that the strengthened partnership with LeEco would help both firms in areas like real estate, intelligent hardware, and smart homes. It also highlighted industrial real estate as an area for greater cooperation.

LeEco said the new funds would help the company to resolve some financial difficulties as it continues its progress in several areas smartphones, sports, film, electric, and driverless vehicles.