LeEco

Retail Asia17/12/2018

Chinese tech firm LeEco has put a Beijing shopping centre up for auction on Chinese e-commerce platform Taobao. Experiencing financial difficulties, yet determined to uphold its online trading practices, the firm has listed the 50,000sqm Beijing Shimao Gongsan Plaza at a reserve of RMB2.3 billion (US$334 million). The move follows legal action by mortgagor China […]

Retail Asia29/12/2016

LeEco may be one of the best-known Chinese smartphone vendors globally after Lenovo, Huawei and Xiaomi, but the company has been in severe financial stress in recent times. The Beijing-based firm recently ventured out of China to establish a global footprint, and towards that end, have entered quite a few new markets over the past […]

Retail Asia30/11/2016

LeEco may have had some high-profile setbacks in recent weeks, with news coming from the company that it had overextended itself financially in some areas, but the Chinese electronics maker and service provider is still doing ambitious things in retail, starting with a new flagship store it opened at its Beijing headquarters earlier this year. […]

Retail Asia09/08/2016

LeEco entered into a definitive agreement to acquire Vizio for $2 billion, with the latter’s hardware and software businesses to be operated as a wholly owned subsidiary. Meanwhile, Vizio’s data business, Inscape, will spin out and operate as a separate, privately owned company. “LeEco believes in breakthrough technologies, a complete ecosystem and disruptive pricing,” said […]

Retail Asia06/08/2016

The Lenovo-Motorola India combine has applied for single-brand retail licence to open company- owned showrooms. This comes on the heels of the Chinese company’s mobile sales in India crossing the US$1 billion mark. Lenovo India’s director Sudhin Mathur says the turnover from mobile-phone sales in the year ended March 31 stood at $1.3 billion, nearly […]

Retail Asia12/07/2016

It’s going to be a lot tougher to buy smartphones in India around the festive season beginning October, a time when Indians buy the maximum, fancy gadgets included. The reason is really very simple, plain economics-a demand-supply mismatch. There is, as of now a glaring shortage of mobile components in China, the country which sells […]

Retail Asia24/01/2016

LeEco, the Chinese entertainment giant formerly known as Letv, is bidding to become a top brand in India’s fast-growing smartphone market with the release of two handsets next month through leading online retail partner Flipkart. Its 6.3-inch flagship Le Max will go on sale on February 16, two weeks after the 5.5-inch mid-range Le 1s […]

Tag: LeEco

Le Eco Auctioning Beijing Mall on Taobao for RMB2.3B

LeEco Cuts 60 Jobs In Hong Kong

Despite recent setbacks, LeEco has big retail ambitions in China

China’s LeEco acquires US-based Vizio for $2b

Lenovo-Motorola India seeks to open showrooms

Troubles may mount for Indian smartphone vendors and you can blame China

China’s LeEco to enter Indian market with flagship Le Max and Le 1s smartphones