LeEco
Chinese company founded by Jia Yueting, the founder of Le.com / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about LeEco?
Summarize this article for a 10 year old
LeEco (Chinese: 乐视集团) is a Chinese conglomerate founded by Jia Yueting, the founder of Le.com (formerly LeTV). The group maintains businesses in video streaming, cloud services, software development, consumer electronics, such as smartphones, smart TVs, VR, electric bicycles, electric cars, film production and distribution, real estate, wine, retail, eCommerce, and other business. LeEco has expanded to countries outside of China, such as the United States,[2][3] India,[4] and Russia.[5]
This article needs to be updated. (June 2019) |
LeEco | |
Company type | Private |
Industry | Conglomerate |
Founded | 8 September 2011; 12 years ago (2011-09-08) |
Founder | Jia Yueting |
Headquarters | Beijing , China |
Area served | Worldwide (China, India, USA and Russia mainly) |
Products | Automobiles, bicycles, mobile phones, televisions, film productions, virtual reality |
Brands | LeMall.com, EcoPass |
Subsidiaries |
|
From late 2016 onward,[6][7] LeEco experienced financial limitations due to aggressive strategic expansion and difficulties in acquiring new funds. As of September 2018, LeEco has sold its remaining ownership of Leshi Zhixin Electronic Technology Co., Ltd. and Le Vision Pictures to Sunac.[8] In October 2018, Le.com formally announced it is not for sale and is exploring solutions to address its financial issues.[9]