15 Facts About LeEco

LeEco is a Chinese company founded by Jia Yueting, the founder of Le.

LeEco has expanded to countries outside of China, such as the United States, India, and Russia.

From late 2016 onward, LeEco has been experiencing financial limitations due to aggressive strategic expansion and difficulties in acquiring new funds.

In 2014, Le Vision Pictures, a subsidiary of LeEco, opened an office in West Los Angeles to build closer ties with filmmakers and to expand other lines of business, including eCommerce, large screen TVs, smartphones and electric cars.

In Feb 2016, LeEco unofficially opened a new office in San Jose and began aggressively acquiring new talents from Silicon Valley's workforce.

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In July 2016, it was announced that LeEco would acquire American television manufacturer Vizio for $2 billion.

On October 19,2016 LeEco officially launched in US at an debut event code-named as "Big Bang" which was held in Innovation Hangar, San Francisco.

LeEco unveiled their new flagship Le Pro 3, Le S3, and EcoTVs.

In November 2016, LeEco officially expanded into the US market, beginning sales of mobile phones, televisions, headphones, and eventually "smart bicycles" on its privately owned marketplace LeMall.

On 1 December 2016, LeEco started selling products in the United States through national retail chains Amazon.

LeEco has since visited Hong Kong for a short period of time in an attempt to receive funding from investors.

In July 2017, Jia stepped down, and LeEco's board appointed Sun Hongbin as the chairman, who has previously served as the chairman of Sunac.

In September 2018, LeEco has established a new subsidiary and successfully acquired new venture capital funds from Tencent and JD.

LeEco announced in the last week of December 2016 that they had broken ground for a US$3B factory in Huzhou, Zhejiang.

LeEco expects production rate to be around 200,000 cars a year at first, and then work up to a full capacity of 400,000 cars a year.