LeEco, the Chinese technology company that charged into the US market like a cannonball on fire, is putting on the brakes as the company appears to be running into financial trouble.
Following its rapid expansion back in 2016 and a huge CES appearance in early 2017, LeEco is reportedly trimming 325 employees, or approximately 85% of its workforce in the US. The decision is a culmination of all of the company’s financial misfortunes which also resulted in a failed $2 billion acquisition of Vizio and the sale of its massive 49 acre Silicon Valley property almost immediately after acquiring it.
Amidst the chaos, the founder of LeEco, Jia Yueting, has [...]
LeEco is a company many people in the US have never heard of, but the company has been making a huge effort to capture the American market. After its purchase of Vizio last year, and release of its own-branded smart TVs and smartphones last year, the company has made the next move in becoming a household name in the US; it’s started selling its products on Amazon.LeEco Smart TVs and Smartphones Available on Amazon
It's true! You can now get ecophones and ecotvs @Amazon! https://t.co/SkTkv1H3oJ #LeNext pic.twitter.com/OVY2Cx6Dlm
— LeEco Global (@LeEcoGlobal) January 16, 2017
The products the company has now [...]
LeEco recently held an event today in San Francisco launching a slew of new hardware for the US market. Among the new product introductions is the LeEco Le Pro3, which has been available outside of the US for quite some time, but is finally coming to the US just in time for the holiday season.
The Le Pro3 will be LeEco’s flagship smartphone for the US market packing a 5.5″ FHD LDPS display, Qualcomm’s Snapdragon 821 Quad Core SoC, 4GB RAM, 64GB internal storage, 16MP/8MP front/rear facing cameras, fingerprint reader, and a massive 4070 mAh onboard battery that can be quickly charged thanks to Quick Charge 3.0 capability. The Le Pro3 also [...]