Tag "LeEco"

Vizio files $110M lawsuit against LeEco over failed merger

By : CIOL Writers

US television maker Vizio is suing Chinese electronics company LeEco alleging that LeEco made false financial statements and claims in the run up to its proposed $2 billion acquisition, which ultimately collapsed in April. Apparently, the deal included a $100 million buyer-termination

LeEco founder Jia Yeuting resigns amid financial crisis, promises to repay debts

By : CIOL Writers

The founder of China’s debt-ridden LeEco, Jia Yeuting resigned from his post as the chairman of the company just hours after making a public plea for patience amid a financial crisis at the company. Before the resignation announcement, Jia had pledged

LeEco laying off 70pc of its workforce in the US

By : CIOL Writers

In the light of growing financial crisis, Chinese tech company LeEco is laying off a majority of its workforce in the United States. On Tuesday, the company said it was cutting 325 employees, or 70 percent of the workforce of its US

LeEco founder Jia Yueting steps down as CEO of Leshi

By : CIOL Writers

LeEco’s founder Jia Yueting has stepped down as chief executive of Leshi Internet Information & Technology Corp Beijing at a time when the company is facing cash issues with rapid expansion plans. Jia will, however, retain his position as chairman, with the company’s

LeEco shelves plans to acquire Vizio because of ‘regulatory headwinds’

By : CIOL Writers

Chinese electronics giant LeEco has abandoned its plans to acquire US-based TV maker Vizio as announced, the company said today. The $2 billion deal that has been hitting roadblocks according to recent reports, has now officially ended as a result of “regulatory

LeEco is downsizing but not leaving India

By : CIOL Writers

Chinese smartphone maker LeEco has downsized its Indian staff from over to 350 employees to a total of 80 but has denied the reports that it is leaving the country. Confirming to TechCrunch, a LeEco spokesperson said that they have reduced the

It’s raining smartphones this Diwali from Xiaomi, LeEco, Asus and more

By : CIOL Writers

It’s raining discounts across all e-commerce portals this festive season. Just when you thought that we have seen it all with Amazon, Flipkart and Snapdeal discounted sales, the second round has kicked off with many more deals and offers, especially

Pre-orders for Apple iPhone 7 on Flipkart starts tonight

By : CIOL Writers

Last week, Apple struck a deal with e-commerce major Flipkart to sell iPhone 7 models on its platform. “Flipkart will offer iPhone 7 and iPhone 7 Plus… beginning on October 7,” Flipkart said in a statement. Apple enthusiasts can indeed

LeEco raises $1.08bn for its electric sports car

By : CIOL Writers

Chinese tech giant LeEco which has footprints in everything from smartphones to transportation has raised $1.08 billion for its electric car division, LeSee. LeSEE which will be competing with US-based Tesla’s high-end electric cars in the segment, has raised the

‘Electropreneur Park’ aims to build 5 global companies in next 5 years

By : CIOL Writers

The Ministry of Electronics and Information Technology (MeitY), has set up an incubation centre ‘Electropreneur Park’ at University of Delhi, South Campus that plans to incubate 50 early stage startups and create at least 5 global companies over a period

LeEco bets on digital marketing to popularize LeMall in India

By : CIOL Writers

Global Internet and technology company, LeEco has partnered with iCubeswire to strengthen its digital communication by offering personalized strategies and integrated marketing campaigns. The company also partnered with netCORE and vCommission earlier for the same. iCubeswire will support various digital

LeEco’s CEO takes over as the new chairman of Coolpad

By : CIOL Writers

After launching Super3 series Ecosystem TV in India, Chinese tech giant LeEco has appointed its Chairman and Chief Executive Officer Jia Yueting as Chairman of another leading Chinese smartphone player Coolpad aiming to strengthen its stronghold in emerging markets like

LeEco ushers in Ecosystem TV Era with the launch of its Super TVs in India

By : CIOL Writers

Global internet and technology conglomerate LeEco is launching its Super3 series Ecosystem TV –Super3 X55, Super3 X65 and Super3 Max65 that supports 3D display in India.With this launch, LeEco is all set to redefine TV viewing experience for Indian users