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LeEco founder defies China return order, stays in US for car fundraising
Tue, Jan 02, 2018
The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before end-2017, saying he needed to stay in the United States as a fundraising for his electric car startup was making progress.
LeEco boss asks for time, pledges to pay back debts
Thu, Jul 06, 2017
Concerns about Jia`s position at LeEco were raised after Chinese newspapers reported this week that he was no longer LeEco`s legal representative. Additionally, earlier this week $182 million of assets owned by Jia or the firm were frozen by a court in Shanghai.
China's LeEco to slash US jobs amid global pull-back
Tue, May 23, 2017
China`s embattled LeEco aims to cut its US workforce to as few as 60 people from around 500 earlier this year, as the Netflix-to-Tesla-like group streamlines global operations to shake off a cash crunch, a person with knowledge of the plan said.
Baidu to launch self-driving car technology in July
Wed, Apr 19, 2017
It will gradually introduce fully autonomous driving capabilities on highways and open city roads by 2020
LeEco will not exit Indian market, to launch new products in 2017
Sun, Mar 19, 2017
LeEco has priced its Super4 X40, Super4 X43 Pro and Super4 X50 series at Rs 46,990, Rs 63,990 and Rs 86,990 respectively.
China's LeEco to sell 43-acre US Silicon Valley site amid cash crunch: Sources
Fri, Mar 17, 2017
LeEco is looking to sell a 49-acre US Silicon Valley property less than a year after buying it from Yahoo Inc, sources said.
China's technology firm LeEco fires 85% employees of Indian unit; may exit from India in next few months
Fri, Mar 03, 2017
China's technology company LeEco is reported to have fired 85% of its staff in India and may exit from its operations in the country in next few months.
Here are Xiaomi, LeEco, Apple, Samsung, Motorola special Valentine's Day sales
Tue, Feb 14, 2017
From smartphones to air purifiers and LED TVs these tech companies have some special discounts for people on Valentine's Day.
LeEco secures over $2 billion investment from Sunac
Sat, Jan 14, 2017
"The company believes that the investment will bring a better return on capital for the company and will have greater room for cooperation with Leshi in the field of industrial real estate, and will also bring continued benefits to the further growth of the company`s property business," South China Morning Post quoted Sunac Chairman Sun Hongbin, as saying.
LeEco to launch Super4 X Series ecoTVs in India
Thu, Jan 05, 2017
The Super4 X Series ecoTVs is expected to have a high performing processor which will likely enhance the 4K experience for users.
China tech giant LeEco in talks on $1.4 billion support, starts e-car plant
Thu, Dec 29, 2016
Cash-strapped Chinese technology conglomerate LeEco is in talks on securing a 10 billion yuan ($1.4 billion) deal with an unnamed strategic investor, its listed unit said.
11 months since it entry, China's LeEco severely downsizes its India plans
Wed, Dec 21, 2016
The company will layoff its employees in India in the face of uncertainty that is forecast for the global economy in the coming year.
Can Amazon Prime Video's entry into India lead to price war?
Fri, Dec 16, 2016
The price at which Amazon Prime Video has made its entry makes it one of the cheapest offerings in the VOD market in terms of subscription.
LeEco's partners with Snapdeal for Le 2 sales
Wed, Dec 14, 2016
The company has now partnered with Snapdeal for the sales of its Le 2 smartphone from December 15.
LeEco touches Rs 350 crore during festive sales
Sat, Nov 05, 2016
"During the festive season, it was our endeavour to offer a great value proposition to our customers which will enable them in experiencing our products and we are truly humbled by the response that we have received," said Atul Jain, COO, Smart Electronics Business, LeEco India, in a statement.
These are the highest selling smartphones this Diwali
Fri, Oct 21, 2016
In the sub Rs 5,000 category, Micromax's Canvas and Canvas Spark are the most preferred choices, followed by the Lenovo A1000, Intex Cloud Breeze and YU Yunique.
LeEco partners with three digital marketing firms in India
Wed, Aug 17, 2016
LeEco also announced today that it is setting aside 50% of the company’s share for its employees.
Tesla watch out, LeEco enters electric car market with $1.8 billion investment
Wed, Aug 10, 2016
The company said in a statement its first China factory would be built in two phases in Deqing county near the eastern Chinese city of Hangzhou.
LeEco India R&D centre to recruit over 1,100 engineers
Wed, Aug 10, 2016
Chinese internet and technology conglomerate LeEco on Tuesday announced that it is planning to hire over 1,100 engineers for its India Research and Development (R&D) centre by 2017.
LeEco launches content integrated Super3 series of TVs in India
Thu, Aug 04, 2016
Following the $2 billion acquisition of leading US TV maker VIZIO on July 26, LeEco is now making another significant move to expand its globally successful TV business.