Tag Archives: LeEco

LeEco Le 2 Gold Variant to Go on Sale in Limited Quantities in India on Thursday

LeEco launched the Le 2 smartphone in June for the price of Rs. 11,999. The device was made available on its online LeMall store in Grey and Rose Gold colour variants, and now the company has introduced a Gold colour variant in India as well. The Gold colour Le 2 smartphone will be available on the LeMall website from February ... Read More »

LeEco Gets Fresh $2.18 Billion Investment From Property Developer Sunac

Chinese technology conglomerate LeEco has secured a new round of investment worth CNY 15.04 billion ($2.2 billion or roughly Rs. 14,856 crores) from property developer Sunac China Holdings, according to a stock exchange statement made by Sunac on Friday. Last year LeEco’s founder and chairman Jia Yueting said that his company was facing financial obstacles due to the rapid pace ... Read More »

LeEco Le 2 64GB Storage Variant Now Available Online at Rs. 13,999

Chinese Internet and smartphone company LeEco has launched the 64GB inbuilt storage variant of its Le 2 smartphone in India. The LeEco Le 2 smartphone with 3GB RAM and 64GB inbuilt storage variant was previously only available offline in the country. It priced a little higher at Rs. 13,999, compared to Rs. 11,999 of the 32GB inbuilt storage variant, and ... Read More »

LeEco in Talks on $1.4 Billion Support, Starts Electric Car Plant

Cash-strapped Chinese technology conglomerate LeEco is in talks on securing a CNY 10 billion ($1.4 billion) deal with an unnamed strategic investor, its listed unit said. Leshi Internet Information and Technology said in a filing to the stock exchange late Wednesday that its parent company had signed a framework agreement with the investor and the two sides were still discussing ... Read More »

LeEco Confirms Layoffs in India and Other Regions; Talks About Revamped Strategy

LeEco on Wednesday said it has revised its business strategy for the coming year, based on the “overall volatility and uncertainty that is forecast for the global economy.” Recently, the company admitted expanding too fast too soon, and has since been scrutinising plans. This overhaul will imply several changes across the markets in which it operates, including India, where the ... Read More »

LeEco and Coolpad Launch Cool S1 With 6GB of RAM, Harman Sound, 4070mAh Battery

LeEco in collaboration with Coolpad are swiftly coming out with affordable high-end smartphones. After launching their first joint handset, the Cool1 Dual in August and their second device, the Cool Changer 1C, in late November, the two companies have jointly launched their third smartphone, the Cool S1, in China. The Cool S1 priced at CNY 2,499 (roughly Rs. 24,360) for ... Read More »

LeEco Le 1s Eco, Le 2 Get New Exchange Offers, Cashbacks on Flipkart

As part of its year-end offers, Chinese technology conglomerate LeEco on Wednesday announced a two-day offer of 10 percent discount on its LeEco Le 2 and LeEco Le 1s Eco Superphones purchased on Axis Bank debit and credit cards. “Customers can also avail an exchange offer up to Rs. 10,000 while purchasing Le 2 and up to Rs. 8,000 on ... Read More »

LeEco Secures $600 Million in New Funding for Its Global, Electric Car Businesses

Chinese handset maker LeEco Tuesday said it has secured a $600 million funding from major Chinese institutional investors and has appointed Anthony Gao its president for Asia-Pacific region. “LeEco has secured $600 million (roughly Rs. 4,067 crores) of funding from major Chinese institutional investors today. The first half of the funding will be transferred to LeEco within this November and ... Read More »

LeEco CEO Admits to Cash Crunch, Says Company ‘Over-Extended’

  The CEO of Chinese internet firm LeEco has told employees the company grew too quickly and is short of cash, according to a letter seen by Bloomberg News, weeks after it announced its US expansion. Billionaire Jia Yueting said his 12-year-old video-streaming company, which recently bulldozed into sectors as wide-ranging as self-driving cars, sports, smart phones, film making, and ... Read More »

LeEco Le X850’s Impressive Specifications Revealed on Certification Site

  It seems like a premium-end LeEco smartphone is knocking on the door as a new smartphone by the company, being dubbed as LeEco Le X850, has been spotted on Chinese telecommunications certification site TENAA. As per the leaked features, it appears that the smartphone will pack some of high-end hardware specifications. The LeEco Le X850 was spotted on TENAA ... Read More »