LeEco

Leshi Holding
乐视控股
LeEco
Company typePrivate
IndustryConglomerate
Founded8 September 2011; 13 years ago (2011-09-08)
FounderJia Yueting
Headquarters
Beijing
,
China
Area served
Worldwide (China, India, USA and Russia mainly)
ProductsAutomobiles, bicycles, mobile phones, televisions, film productions, virtual reality
BrandsLeMall.com, EcoPass
Subsidiaries

LeEco (Chinese: 乐视集团) is a Chinese conglomerate founded by Jia Yueting, the founder of Le.com (formerly LeTV). The group maintains businesses in video streaming, cloud services, software development, consumer electronics, such as smartphones, smart TVs, VR, electric bicycles, electric cars, film production and distribution, real estate, wine, retail, eCommerce, and other business. LeEco has expanded to countries outside of China, such as the United States,[2][3] India,[4] and Russia.[5]

From late 2016 onward,[6][7] LeEco experienced financial limitations due to aggressive strategic expansion and difficulties in acquiring new funds. As of September 2018, LeEco has sold its remaining ownership of Leshi Zhixin Electronic Technology Co., Ltd. and Le Vision Pictures to Sunac.[8] In October 2018, Le.com formally announced it is not for sale and is exploring solutions to address its financial issues.[9]

  1. ^ Cite error: The named reference Sunac was invoked but never defined (see the help page).
  2. ^ "LeEco to start selling smartphones in the India - leecophones.com". LeEcoPhones.
  3. ^ "Letv plans to invades U.S. smartphone market - CNN.com". CNN. 19 May 2015. Retrieved 29 October 2015.
  4. ^ "China's LeTV plans foray into Indian smartphone market – Times of India". The Times of India. 22 September 2015. Retrieved 29 October 2015.
  5. ^ "LeEco launched in Russia, the official online store and have announced the prices for the smartphones Max Le 2 and Le 2". AppleApple .top world news | All top APPLE news, iPhone, iMac, iPad, Apple Watch. 13 September 2016. Retrieved 16 September 2018.
  6. ^ "China's cash-strapped LeEco in talks to gain $1.4 billion from investor". CNBC.com. 29 December 2016. Retrieved 2 January 2017.
  7. ^ "LeEco's assets frozen by Chinese court as debts mount". Engadget. 4 July 2017. Retrieved 5 July 2017.
  8. ^ ""咸鱼"乐融致新能否翻身_五龙传说/街机/手机街机". daolade.com. Retrieved 10 October 2018.
  9. ^ "乐视网：公司没有被拍卖，现金流极度紧张_要闻_科技频道首页_财经网 - CAIJING.COM.CN". tech.caijing.com.cn (in Chinese (China)). Retrieved 10 October 2018.