Tag Archives: LeEco

LeEco Founder Jia Yueting Asks for Time, Pledges to Pay Back Debts

The founder of China’s struggling tech group LeEco, Jia Yueting, on Thursday pledged to take full responsibility for the company’s debt troubles amid a deepening financial crisis and after some of the company’s assets were frozen. Jia, writing in a post on his public WeChat account, apologised for causing worry, pledged to pay back LeEco’s debts and to stick to its ambitious… Read More »

LeEco Chairman Says Cash Crunch ‘Far Worse Than Expected’

LeEco’s cash problems are “far worse than expected” and the funds raised in recent months are unexpectedly not enough to help the Chinese technology conglomerate ride out the crunch, its chairman, Jia Yueting, said on Wednesday. LeEco, one of China’s most ambitious companies that grew from a Netflix-like video website to a business empire spanning consumer electronics to cars… Read More »

LeEco Le Pro3 on sale for just $250 at Best Buy

After what appeared to be a promising start, Chinese company LeEco’s attempt to conquer the U.S. market is now doomed to fail. Having launched its most powerful smartphones last year, the Le Pro3 and Le S3, to some success, LeEco is now laying off about 80% of its workforce in the United States. However, if you still feel… Read More »

LeEco Le 2s (or Le 2s Pro) allegedly portrayed showing different design

Ahead of its rumored introduction in early September, the next LeEco smartphone has allegedly been photographed in the wild somewhere. The device, which could be called Le 2sor Le 2s Pro, comes with a standard full metal design, which is quite different from what a purported back casing for it showed us a few days ago. In these… Read More »

Cool1 is the name of the flagship smartphone LeEco and Coolpad are jointly developing

Last week we found out that LeEco and Coolpad are working together on developing a new top of the line smartphone – which makes sense since LeEco is now Coolpad’s largest shareholder. That leak showed us an image of the handset’s back, gave us most of its specs, but failed to tell us one essential detail: what it… Read More »