If you've heard of LeEco, it's either because you've lived in China, or you vaguely recall that it bought up US television manufacturer Vizio a few months ago. That's about to change, because LeEco is making a play for entire US market. What are they selling? Everything.
In 2016, rising Chinese tech star LeEco made an aggressive move to conquer the unfamiliar US market with cheap gadgets. But just months after a blingy launch event in October, the company’s American operation is in shambles.
When a Chinese tech company with global ambitions began to run short of cash last year, it sought billions of dollars from new investors. One of them was a music teacher.
LeEco is one of those rapidly growing Chinese companies that takes a renaissance-man approach to tech development, doing everything from autonomous cars and smart bicycles to more conventional stuff like TVs and smartphones.
Chinese electronics firm LeEco is buying American TV manufacturer Vizio for $2 billion. The acquisition was announced during a press event this morning in Los Angeles, giving LeEco an instant foothold in the US television market.
Embattled Chinese internet conglomerate LeEco has been branded a “Ponzi scheme” in an online comment made and endorsed by some of the country’s leading lights in technology.
LeEco, the Chinese technology company that purchased TV maker Vizio for $2 billion in July, may have just spoiled its eventful debut in the US market. The company is set to unveil new products on October 19th, but Android Police discovered numerous listings on LeEco’s own website this afternoon.
Last week, a tech billionaire named Jia Yueting stood in a plain black shirt on a stage in front of thousands of people. A sleek, pearl white electric car called LeSEE was parked beside him as he addressed the crowd.
Who the heck is LeEco? It’s a company you’re going to hear a lot more about in the coming days, even if you’re not sure how to pronounce it (it’s "Lay-EEco," short for "Le Ecosystem").
To get the disclaimers out of the way, this is obviously not coming straight from Beijing's Latin Quarter.
The LeEco Le Max 2 offers a lot for its asking price, but USB-C audio is going to frustrate a lot of users. The Le Max 2 is the company's flagship for 2016, and builds on what we've seen with the Le Max. The screen is a more manageable 5.7 inches (from its predecessor's 6.4 inches), and a 2.
Chinese firm LeEco's financial situation is deteriorating rapidly. A Shanghai court has frozen $180 million in assets owned by co-founder Jia Yueting, his wife Gan Wei and three subsidiaries, according to Chinese news site Tencent and the Financial Times.
This morning, I received a rather odd email from a firm representing LeEco offering a "news update." It didn't seem to be an update at all, just re-confirming that on November 2nd the company's products would go on sale, and that there would be stupendous-amazing-wonderful discounts on them.
LAS VEGAS, /PRNewswire/ -- (North Hall Booth #3315) – LeEco™ announces two new connected smart bicycles, including a Road and Mountain version, to the company's North American product portfolio leading into CES® 2017 in Las Vegas.
Jia Yueting, the 44-year-old founder of Chinese tech company LeEco, once envisioned building a Chinese empire that would rival U.S. tech giants Netflix, Tesla and Apple all together.
LeEco, the so-called “Netflix of China,” was supposed to take the US tech scene by storm. Instead, its ambitious plans appear to be collapsing.
When outsiders talk about China’s tech scene, there are the obvious giants: Baidu, Alibaba, and Tencent. Then there are the big state-linked firms (the telecoms, Huawei, and ZTE), the internet players (Sina, Qihoo), and the hot mobile startups (Xiaomi, OnePlus).
Vizio has filed two lawsuits against troubled Chinese electronics company LeEco over an attempted merger between the two companies that unraveled and eventually collapsed earlier this year.
The best thing to happen to smartphones this year has nothing to do with dual cameras or Google hardware. Instead, it’s the increasingly heated competition in the price tier just below the iPhone 7s, Galaxy S7s, and Google Pixels of the world.
NEW DELHI: After arriving in India in January last year, Chinese internet and technology conglomerate LeEco fast became the "true disrupter" in the evolving Indian smartphone market with its huge marketing spend -- and the announcement of a state-of-the-art assembling/manufacturing unit.
2017 hasn’t been very good year so far for LeEco, the China-based smartphone company with big ambitions for the US market.
LeEco announced its official entry into the U.S. market at its “Ignite the Eco World” event in San Francisco, an important step in the company's globalization plan. Its initial products include two large-screen smartphones, a range of 4K TVs, and new content partnerships.
The LeEco/Vizio merger is cancelled. The $2 billion deal, announced last year, would have seen Chinese electronics firm LeEco purchase Vizio, creator of cheap, data-mining smart TVs.
LeEco’s not just messing around with this whole electric car deal. Back in April, the Chinese electronics company best known for its TVs and smartphone (once named LeTV, if that rings more bells) carted out its self-driving concept car during a big phone unveil in Beijing.
Next year, Matt Damon will play a mercenary who goes to China in search of novel weapons, only to stumble upon a secretive army that defends the country from invading monsters. “The Great Wall,” out in February, is the most expensive film production in Chinese history.
A company called In Motion, at first thought to be backed by would-be Chinese tech empire LeEco, is launching an electric powered scooter it says is simpler to learn and safer to use. Provided you're willing to go the crowdfund route, a Kickstarter for it will go live on August 28th.
Samsung, LG, HTC, and a few others have long been the staple brands leading in the way in the Android smartphone industry.
LeEco, often called the "Netflix of China," is in the news again, and again it is because another disaster has befallen the company.
A year ago, Chinese tech conglomerate LeEco, often known as “the Netflix of China,” was flying high. By many measures, the quickly growing company appeared poised to become a global consumer electronics powerhouse. How quickly things have changed course. After a splashy U.S.
As I sat through LeEco’s lavish press event on Wednesday, I couldn't help but think that I was an unpaid extra in HBO’s “Silicon Valley.” For a company that is basically selling TVs and phones over the internet, LeEco has outsize ambitions.
To get the disclaimers out of the way, this is obviously not coming straight from Beijing's Latin Quarter.
Yesterday, Chinese tech giant LeEco held a massive launch event heralding its arrival in the US. The company had previously taken the Xiaomi route, selling only small peripherals like headphones in America, but that’s all about to change.
LeEco, the Chinese firm reported to be "taking on" Apple (as well as Tesla and Netflix) less than a year ago in an ambitious American expansion with new headquarters in San Jose, is now laying off employees and selling its property after running out of cash.
SAN JOSE, California — A giant Chinese media conglomerate has landed in Silicon Valley. LeEco, the company that's partnered with electric-car startup Faraday Future, just opened its new US headquarters in San Jose, California.
LeEco’s dream of breaking into the US market and competing against Apple is now farther from reality than ever before. The Chinese tech firm’s American operation has had a difficult year with missed payrolls, disappearing employees, and overall poor sales.
LeEco may not be well known in the U.S, but the Chinese technology company’s ambitious CEO Jia Yueting is on a quest to make it a household name. LeEco held a press event in San Francisco on Wednesday that was intended as a sort of coming out party to U.S. consumers.
LeEco (formerly LeTV) made a big splash in India with its debut offerings at the beginning of this year. Six months later, the company is back with its second generation of smartphones. We are of course referring to the much talked about Le 2 and Le Max 2 smartphones.
Today in Beijing we had the opportunity to attend LeEco's presentation event announcing their new flagship smartphone devices.
At its first major US event, the Chinese tech giant LeEco showed off an entire ecosystem of products: from TVs to phones to cars to bicycles. As part of its ecosystem of connected devices and on demand entertainment, the company also showed off a mobile VR headset it calls ExploreVR.
LeEco’s acquisition of US television maker Vizio has taken months longer than the companies initially projected and may be in jeopardy, according to recent reports.
A cutting-edge Chinese tech firm that you've probably never heard of just snapped up top U.S. electronics maker Vizio for $2 billion. Beijing-based LeEco -- whose businesses range from digital content to high-tech bikes -- is taking control of Vizio's hardware, software and intellectual property.
While Japanese and Korean-made consumer electronics and cars have won over U.S. consumers, not many Chinese tech brands have made it in the U.S.
There are more problems for ambitious Chinese tech firm LeEco. Its acquisition of U.S.-based TV Vizio, a surprise deal announced last summer, has run into issues, according to media reports in China.
You’d be forgiven if you’re not super familiar with LeEco. The company, until fairly recently known as LeTV, isn’t exactly a household name here in the States. In its native China, however, the company is a multi-disciplined powerhouse.
Are you ready for the future? Chinese holding company LeEco is totally ready for the future. It unveiled its first electric car today, the LeSEE, which it hopes will become fully autonomous.
Chinese technology conglomerate LeEco Inc. is sharply scaling back its U.S. ambitions. The company -- which oversees a range of businesses in China, from streaming video to smartphones to electric cars -- missed its projections for 2016 sales in the U.S.
Struggling Chinese conglomerate LeEco has resurfaced to support an upcoming Kickstarter campaign, of all things, for a hybrid skateboard-scooter. The Scooterboard, as it’s known, is a lightweight, foldable, electric lean-to-steer rideable with a stated maximum speed of 15.5 mph and a range of 9.
LeEco (the company formerly known as LeTV) is the latest to join the long, long list of Chinese smartphone manufacturers trying their luck in India.
It was a chilly January night in Las Vegas as Danny Bowman and I hopped on our LeEco smart bikes in a dim parking lot of the MGM Grand Hotel and Casino.
LeEco is bringing many of its existing products over from China as it launches in the US today, but one of the new services the US gets is a new streaming platform that comes with an extensive list of launch partners.
After much pomp and circumstance around ecosystems and philosophy, LeEco finally debuted something new at today’s massive press conference in San Francisco.
LeEco, a Chinese company that made a big splash in the U.S. last fall, is preparing for a round of layoffs that may happen as soon as Tuesday, according to sources. Two people told CNBC the company is planning massive layoffs in the U.S.
Whether it's designing Lifans that look like Mini Coopers or Geelys that look like Rolls-Royce Phantoms, Chinese automotive stylists have an uncomfortable history of cribbing Western designs for their cars. Those embarrassing days may be drawing to a close, however.
Hot on the heels of the Le 1s and the Le 1s Eco, Chinese smartphone upstart LeEco has launched their successor, the Le 2. We're all for keeping things fresh, especially since new competitors come out every week or two, but this launch is still surprisingly quick.
Disruptive, first-of-its kind ecosystem model delivers new value for U.S. consumers San Jose, CA and Irvine, CA — — LeEco and VIZIO, Inc. announced today a definitive agreement under which LeEco would acquire VIZIO, Inc. for $2 billion USD.
The billionaire chairman of China’s LeEco has admitted his technology empire is running out of cash to sustain a headlong rush into businesses from electric cars to smartphones.
While Tesla engineers have been gradually adding autonomous capabilities to its electric stable, Chinese firm LeEco has gone one step further and announced a car that can do it right from the off.
Apple is "outdated" and losing momentum in China, billionaire entrepreneur Jia Yueting told CNBC in his first international television interview.
Chinese company LeEco is making serious moves to compete with Tesla. LeEco just raised $1.08 billion to develop its electric car, Bloomberg reported. The news comes about a month after LeEco invested $1.
LeEco has unveiled a new lineup of TVs set to hit the US market during an event in San Francisco today. The company, which acquired Vizio this past summer, still maintains a separate LeEco-branded TV division, announced four new TVs which will all run on Android TV.
After a months-long parade of endless red flags, LeEco’s Stateside woes finally came to a head this week. The company announced that it would be laying off 325 employees in the U.S. alone.
LeEco is like the Netflix of China—except it also sells phones, televisions, and cars. Now, it's moving into the US after acquiring the stateside television maker Vizio. Unlike some Chinese tech giants that seem happy to focus on a domestic market approaching 1.
LeEco, the Chinese tech giant, said today that its Android-enabled “super bike” will soon be available in the US.
Billionaire CEO Yueting Jia told employees in a letter last week that the company’s rapid growth was leading to stagnation and management problems at LeEco, and announced that he would invest $10 million into the company and cut his salary to 15 cents in order to keep LeEco steady as it exp
Update, August 8: A new report in The Information claims Netflix has denied any knowledge of the streaming partnership alluded to by LeEco in the post below.
LeEco — the Chinese holding company known as LeTV until just a few months ago — just introduced its first electric car ahead of the Beijing auto show. Called LeSEE, the concept sedan is designed to be fully autonomous with a fold-away steering wheel.
Chinese company LeEco is making serious moves to compete with Tesla. LeEco invested $1.8 billion to build an electric-car plant in eastern China with eventual annual production capacity of 400,000 cars in early August.
In a letter sent to employees this weekend, LeEco co-founder Jia Yueting wrote that the electronics and streaming company is running low on money and will stop focusing on expansion.
Last summer LeEco announced it intended to purchase the US-based TV maker Vizio for $2 billion. The deal fell in March through amid a myriad of problems surrounding LeEco including a major cash crunch.
The grand unveiling of the LeEco LeSEE Pro electric car didn't go exactly as planned. After a long shaggy dog story involving a car accident, sleepless nights, and Michael Bay, it turns out the car made it to LeEco's grand event.
LeEco wanted too much too fast, and its overzealousness caught up with it almost immediately.
LeEco, the Chinese entertainment company formerly known as Letv, has announced that it's partnering with Aston Martin — the famed British supercar brand best known for making James Bond's rides of choice — to bring the RapidE concept to market.
At a Los Angeles press conference, TV and sound bar manufacturer Vizio announced that it will be acquired by Chinese electronics firm LeEco for $2 billion.
Chinese electronics company LeEco is no longer buying Vizio, a leading manufacturer of televisions. Today the companies jointly announced that “the merger agreement to acquire Vizio will not proceed due to regulatory headwinds.” The $2 billion deal was first announced last July.
It’s often said that first impressions are the most important, so make each one count. Such is indeed the impression Jia Yueting inevitably left in his first international television interview. Mr.
Aston Martin’s forthcoming electric sports car, the RapidE, will become even more exclusive than originally planned, after the departure of struggling Chinese electronics manufacturer LeEco as an investor on the project.
It’s official now: There’s no 3.5-millimeter headphone jack on the latest iPhones. Or the latest Motorola phones. Or LeEco phones in China. And it will be disappearing from other brands, too. Actually, that’s not the masses’ only question.
The founder of beleaguered tech conglomerate LeEco is facing yet another huge headache. Jia Yueting has been ordered by the China Securities Regulatory Commission’s Beijing branch to return to the country by the end of this month and deal with the company’s debts.
Thirteen years ago, Chinese entrepreneur Jia Yueting founded what is today known as LeEco – a sprawling business of TVs, smartphones, streaming video, and even electric cars. It made him a billionaire; one of China’s rag-to-riches legends.
After proclaiming United States market-domination plans earlier this week, LeEco unveiled a suite of new phones and televisions. The Chinese company wants to make a big splash and today's event is apparently just the beginning.
The embattled internet tycoon behind struggling Chinese tech company LeEco has resigned from all his positions at the company’s publicly traded arm, the latest action in a stunning fall for one of the country’s most flamboyant tech icons.
If you know LeEco at all, it’s likely for the Chinese company’s smartphones. Or, maybe you’ve caught wind of its video streaming services or smart televisions — it was known as LeTV until fairly recently, after all.
Before taking over as CEO of electric car startup Faraday Future earlier this month, LeEco founder Jia Yueting was known as the company’s main financial backer and majority shareholder.
New patents published today by the US Patent and Trademark Office show that Faraday Future was responsible for at least some of the design of the LeSee, an all-electric car belonging to Chinese conglomerate LeEco.
Chinese technology conglomerate LeEco Inc. delayed payroll for U.S. employees this month, people familiar with the matter said, another sign that billionaire Jia Yueting’s media and Internet empire is grappling with a cash squeeze. LeEco’s U.S.
Today at an event in Los Angeles, Vizio announced that it will sell to China's LeEco (formerly LeTV) for $2 billion. Don't expect to see much change on store shelves, as the company plans to continue operating under the Vizio name as a wholly-owned subsidiary.
In my Scientific American column this month, I wrote about the public’s hysteria when Apple eliminated the headphone jack in its phones, starting with the iPhone 7. (Motorola and LeEco had also eliminated the headphone jack.)
KOLKATA | NEW DELHI: Four months after Chinese billionaire Jia Yueting acknowledged his company LeEco was fast running out of cash, the erstwhile high-flying company has fired 85% of its India staff and allowed two leadership exits in what the industry says is a precursor to its eventual withdrawal
It took Jia Yueting just over six hours in December to snag $2.2 billion from a Chinese real estate mogul to keep LeEco afloat. In so doing, the entrepreneur secured a vital financial and strategic ally as he prepares to do battle with the likes of Tencent Holdings Ltd. and Tesla Inc.
Almost no details have been revealed about the new car, except for the fact that it will be built for speed. The company will also be collaborating on "a range of next-generation connected electric vehicles" with the electric car start-up Faraday Future, which is also in a partnership with LeEco.
The Chinese market for electric vehicles is hot, and the latest indicator is a $1.08 billion raise from China’s LeEco, a Beijing-based web video company (which now dabbles in everything from televisions to transportation) that’s targeting Tesla with its own electric car plans.
Chinese tech company LeEco had its US launch last month, with most of its products available online via its LeMall website. This week, however, you’ll be able to buy them from US-based retailers, including Best Buy, Target, and Amazon.
LeEco is rolling out the latest update to its Le Pro3 and Le S3 smartphones this week which finally adds an app drawer to the company’s Ecosystem User Interface skin of Android, after user feedback.
LeSEE Pro, LeEco’s self-driving, completely electric concept car, was supposed to make its US debut on stage today at an event in San Francisco. But thanks to Transformers director Michael Bay, the car couldn’t make its expected appearance, explained the company’s chairman Jia Yueting.
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Faraday Future is driving a camouflaged version of a real upcoming production EV in LA, according to Electrek. The site reports that a candid shot of a covered-up SUV is actually a test vehicle from the Californian would-be Tesla competitor backed by Chinese consumer gadget company LeEco.
Well, LeEco's big October 19th US launch event seems to have been spoiled: what looks like the vast majority of its launch lineup just showed up on LeEco's website.
LeEco made its US debut today with the announcement of two new phones: the flagship LePro 3 and the mid-tier Le S3. Both Android phones will be available in the US. Here's what we know about the Le S3's specs: It's available in grey, rose gold, and gold. It'll be available on November 2nd.