Leshi Internet Information & Technology Corp., Beijing (SZSE:300104) is in talks to sell a prized property asset in the heart of Beijing it acquired in a $420 million deal in 2016, the latest effort by the electric car-to-smartphone behemoth to raise funds amid a severe cash crunch. The company plans to sell either all or a majority of its Shimao Gongsan retail property in a popular area on the east side of Beijing by divesting from two firms it owns, two people with direct knowledge of the matter said. LeEco has been in talks with potential investors for some months now, the first person said. The two people said LeEco hoped to sell the 50,000 square meter Beijing property in the Sanlitun district by divesting from two firms it owns - Beijing Fortune Times Property Co., Ltd. and Beijing Baiding New Century Business Management Co., Ltd.