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  1.  

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    LeEco may not have been as successful this time round with their hype as they were the first time. That said, there’s still a huge section of the globe that remains uncovered for LeEco.

    According to reports, LeEco are in the process of covering more turf — the US, especially. Reports have emerged that suggest a LeEco smartphone launch in the US within the next 3 months.

     

    Company honcho Jia Yueting apparently revealed this to LeEco employees. Unfortunately, this is all the info that we have on LeEco’s US plans this season.

    Chinese phone makers, especially smaller ones, tend to find it a little difficult breaking into the US. LeEco are a known giant, and the path should be much less steeper for them.

    We shall know in the coming months! Meanwhile, if you’re from the US, let us know what LeEco phone you would like to see launched first.
     


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    LeEco is now the largest shareholder of Coolpad

    Chinese internet conglomerate LeEco has purchased 11 per cent more shares of telecommunications equipment company Coolpad, becoming its largest shareholder.

    LeEco bought the shares from Data Dreamland, the former largest shareholder of Coolpad, for $135 million. After the transaction, LeEco holds a total 28.9 per cent of Coolpad’s shares and becomes the largest shareholder of China’s top four domestic mobile brand. According to the company, the integration would help Coolpad’s products to align with LeEco’s ecosystem model — platform, content, terminal and application.

    By this April, LeEco sold more than 10 million smartphones and its second-quarter single-month sales have exceeded two million units. The company said this number is expected to be over three million in the third quarter. This link-up would also allow the LeEco’s ecosystem model to integrate with Coolpad’s near-billion intelligent terminals within a very short time helping the company boost its sales in North America, Europe, Asia and Africa.

    LeEco would also ingrain its ecosystem model into Coolpad’s smart devices, 50 per cent of which could be converted to LeEco’s ecosystem-based users.

     

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