Tag Archives: Coolpad’s

LeEco’s CEO Takes Over as Coolpad’s Chairman

In a strategic move to gain a stronghold in emerging markets like India, Chinese Internet and technology conglomerate LeEco on Monday announced the appointment of its Chairman and Chief Executive Officer Jia Yueting as Chairman of another leading Chinese smartphone player Coolpad. With the announcement, Coolpad’s stocks surged over 20 percent on Monday. LeEco has now become the largest shareholder ... Read More »

LeEco will become Coolpad’s largest Shareholder

chinese net conglomerate LeEco has purchased eleven percentage extra shares of telecommunications system employer Coolpad, turning into its biggest shareholder. LeEco bought the stocks from data Dreamland, the previous biggest shareholder of Coolpad, for $one hundred thirty five million (more or less Rs. 910 crores). After the transaction, LeEco holds a total 28.9 percent of Coolpad’s shares and will become ... Read More »