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Chinese tech firm LeEco has put a Beijing shopping centre up for auction on Chinese e-commerce platform Taobao. Experiencing financial difficulties, yet determined to uphold its online trading practices, the firm has listed the 50,000sqm Beijing Shimao…
LeEco may be one of the best-known Chinese smartphone vendors globally after Lenovo, Huawei and Xiaomi, but the company has been in severe financial stress in recent times. The Beijing-based firm recently ventured out of China to establish a global footprint,…
LeEco may have had some high-profile setbacks in recent weeks, with news coming from the company that it had overextended itself financially in some areas, but the Chinese electronics maker and service provider is still doing ambitious things in retail,…
LeEco entered into a definitive agreement to acquire Vizio for $2 billion, with the latter’s hardware and software businesses to be operated as a wholly owned subsidiary. Meanwhile, Vizio’s data business, Inscape, will spin out and operate as a separate,…
The Lenovo-Motorola India combine has applied for single-brand retail licence to open company- owned showrooms. This comes on the heels of the Chinese company’s mobile sales in India crossing the US$1 billion mark. Lenovo India’s director Sudhin Mathur…
It’s going to be a lot tougher to buy smartphones in India around the festive season beginning October, a time when Indians buy the maximum, fancy gadgets included. The reason is really very simple, plain economics-a demand-supply mismatch. There is, as of…
LeEco, the Chinese entertainment giant formerly known as Letv, is bidding to become a top brand in India’s fast-growing smartphone market with the release of two handsets next month through leading online retail partner Flipkart. Its 6.3-inch flagship Le Max…
