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LeEco Stumbles in Indian Market, Fires 85% Staff in the Country

Mar 03, 2017 06:55 AM EST

The embattled Chinese conglomerate LeEco has once again raised concerns over its declining business as the company begins to possibly wind up its business in the all-important Indian market. The once resurgent company announced that it is firing 85 percent of its Indian staff and is also allowing two of its top executives to resign.

LeEco unveiled their new series of smart televisions in the Indian market.

LeEco to Open 1K Retail Stores in India by December 2017

Ellie Froilan |

Sep 27, 2016 03:01 AM EDT

LeEco plans to open 1,000 retail stores in India by December 2017 with the goal of expanding its reach and developing a strong brand recall.

Date of LeEco Super3 TV First India Flash Sale Announced, 10,000 Registrations Recorded on First Day

Som Patidar |

Aug 21, 2016 06:00 PM EDT

Chinese technology giant LeEco has revealed the date of the first India flash sale of its Super3 series TV.

LeEco Indian R&D team plans to hire from IITs and NITs.

LeEco India R&D Center to Recruit Over 1000 Engineers by 2017

Ellie Froilan |

Aug 10, 2016 03:22 PM EDT

LeEco has announced its plan to hire more than 1,100 engineers for its India Research and Development (R&D) center by 2017.

LeEco to Debut in Indian TV Market, Super TV Launch Confirmed for Next Week

Som Patidar |

Jul 31, 2016 01:23 PM EDT

Chinese internet and mobile giant LeEco will be making its debut in India next week.

Possible deal will aid LeEco to expand quickly in various countries.

LeEco Plans to buy U.S. TV Company VIZIO

Ellie Froilan |

Jul 25, 2016 10:27 AM EDT

LeEco is planning to purchase the American TV company VIZIO. The two companies are expected to announce the deal at a Hollywood event on July 26.

Jia Yueting, co-founder and head of LeEco.

LeEco Recruits Qualcomm's Jaiteerth Patwari as R&D Head of LeMall

Ellie Froilan |

Jul 13, 2016 11:14 AM EDT

LeEco has appointed Qualcomm’s Jaiteerth Patwari to head its e-commerce platform LeMall in India.

LeTV Debuts Its Entry Rumoured as Le 1s in India on January 5

LeEco Aims to Become India's Third Largest Smartphone Brand in 2016

Sami Ghanmi |

Feb 09, 2016 10:26 AM EST

Chinese technology company LeEco, formerly known as LeTV, is aspiring to become the third largest smartphone vendor in India by the end of 2016. The company, which entered the smartphone business back in April 2015, recently arrived in the Indian market with the release of its Le 1s and Le Max Pro smartphones.