Failed Acquisition Compels Vizio To Sue LeEco For $100 Million
Chinese technology company LeEco quickly made a name for itself as it took big and bold steps to establish a position in the market. It went so far as to create an autonomous all-electric car. Things have been going from bad to worse for the company over the past few months. It even had to abandon its proposed acquisition to TV-manufacturer Vizio. It’s going to cost LeEco, though, as Vizio […]
LeEco Lays Off 70% Of Its Workforce In The United States
LeEco had big ambitions for its business in the United States when it launched its products in the country with much pomp and circumstance. The reality has been different, though. The company has been facing financial issues which even caused it to abandon its proposed acquisition of Vizio. The company has now confirmed that it’s laying off most of its workforce in the United States.
LeEco TVs Get Official DirecTV Now App
A new software update has been released for LeEco smart TVs in the United States today which brings the official DirecTV Now app for the Android TV-powered models. This is the first time that a DirecTV Now app has been released for smart TVs and LeEco’s models have the unique distinction of being the first Android TV-powered models out there to get a dedicated app for AT&T’s standalone TV streaming […]
LeEco EcoPass Content Service Discontinued
There have been countless reports about LeEco’s ongoing financial troubles. The company recently confirmed that it was giving up on its Vizio acquisition. It just can’t seem to catch a break. Despite launching with much pomp and circumstance in the United States late last year, the company’s products haven’t really performed that well in this market. It has now decided to discontinue its EcoPass video and content service in the […]
LeEco Might Lay Off More Than A Third Of Its Entire U.S. Workforce
A lot has been said and written about LeEco’s ongoing problems. The company is believed to be in financial troubles which may have also caused it to abandon its planned acquisition of Vizio. LeEco did confirm officially yesterday that it was giving up on this idea but blamed it on “regulatory headwinds.” According to a new report, LeEco continues to struggle and may end up laying off a third of […]
LeEco Gives Up On Vizio Acquisition, Settles For 'Collaborative Partnership'
LeEco announced in the summer last year that it was going to acquire TV maker Vizio for $2 billion. Reports at that time suggested that the two companies had been negotiating for almost two years before they reached an agreement. Not a lot of progress has been made on the matter since then and LeEco today announced that it’s not going to proceed with the Vizio acquisition.
LeEco Vizio Acquisition Stalled
There’s a lot of news out there about the financial troubles that LeEco has been facing over the past few months and it doesn’t appear to be getting any better for the company. According to a new report out of China, LeEco’s proposed $2 billion acquisition of the TV maker Vizio has been stalled. One of the reasons cited for this in the report is China’s restrictions on “movement of […]
LeEco Expands Retail Partnerships In The U.S.
LeEco made a big deal out of its U.S. launch last year. The company has been selling its smartphones and smart TVs via its online store and other online retailers for a few months now but soon you will start seeing the company’s products in more brick-and-mortar stores as well. The emerging Chinese consumer electronics player has now announced the expansion of its national retail partnerships in the United States […]
LeEco Launches Le Pro3 Elite Smartphone
LeEco hasn’t been making a lot of noise recently probably because many reports suggest that the company is dealing with some financial troubles. Nevertheless, it has now come out with a new handset called the LeEco Le Pro3 Elite. We had been hearing for a few weeks now that the company could soon launch a new smartphone and those predictions have turned out to be true with the official launch […]
LeEco Promises Great Discounts In Valentine's Day Sale
Chinese manufacturer LeEco made its debut in the United States with much pomp and circumstance last year. The company has been trying to push its products in the U.S. market ever since. It often offers great discounts in one-day sales so customers are able to pick up products like smartphones and smart TVs at great prices. It’s going to do the same on Valentine’s Day.
Former Huawei Employees Arrested For Leaking Secrets To LeEco
Chinese giant Huawei has accused six of its former employees of leaking company secrets to rival LeEco and Coolpad. The six engineers and designers have since been arrested by the authorities in China as the investigation has now begun. All six currently work for Coolpad which is a subsidiary of LeEco. Huawei says that they infringed on its intellectual property rights.
LeEco Smartphones And TVs Now Available From Amazon
You may not have heard of LeEco before. It’s a Chinese brand that’s pretty big in its home country but now it’s trying to make a mark on the U.S. market as well. The company conducted a big launch event for the U.S. market in October last year and has since been selling some of its products in the country through its own online store. The company is now making […]
LeEco Launches 4K Action Camera ‘Liveman C1’
LeEco might not necessarily be a household name in the US, but the company has been steadily releasing smartphones over the past few years. In fact the company seems to be following in Xiaomi’s footsteps by diversifying their portfolio of products, which recently at CES 2017 included both mountain and road bikes.
LeEco Smart Mountain Bike and Smart Road Bike
We saw LeEco “Super Bike for the Future” last generation at an event in October in San Francisco, where the company’s CRO North America, Danny Bowman unveiled simultaneously a Smartphone (LeEco pro 3), a VR Headset, a TV, a Smart Bike and a car (LeSee).
Chinese OEMs Reportedly Looking To Cut Back On Orders
Rewind the clock a few years ago, and the smartphone market was largely dominated by the likes of Apple, Samsung, LG, Motorola, HTC, and Sony. However over the years, Chinese OEMs have managed to ramp things up considerably by introducing an avalanche of products that are comparable in performance, but sometimes at half the price.
What To Expect At CES 2017
What To Expect At CES 2017Editor's Pick
The Consumer Electronics Show 2017 or CES 2017 is almost upon us (January 5-8, Las Vegas), and while many of you are preparing your New Year’s Eve, the electronics industry is gearing up for its most high-profile event of 2017 – the show’s 50th anniversary.Below is what we think you should expect from the show, but we highly recommend that you follow the hectic unfolding of CES on Ubergizmo, daily, […]
LeEco Launches $80 LeTV U4 TV
LeEco made a pretty big deal out of its U.S. launch a couple of months ago, it announced several new products at the event, including but not limited to smartphones, smart TVs, and even an electric car concept. The company continues to churn out new products even if they’re not destined for the U.S. with the latest being a $80 ultra-thin TV box that it’s called the LeTV U4 TV […]
LeEco Smartphones And TVs Land On Amazon, Best Buy, And Target
LeEco made a pretty big deal of its U.S. launch as it showcased a variety of products ranging from smart TVs to a prototype of an electric car. It’s already selling some of those products directly to customers through its online store but now it’s expanding them to major retailers. LeEco has confirmed that its smart TVs and smartphones will be available for purchase from Amazon, Best Buy, and Target […]
LeEco Flash Sale Offers Big Discounts On Smartphones
You might not have heard of LeEco before and that’s something this Chinese company really wants to rectify. The company launched itself in the United States with a bang last month, unveiling a plethora of new products ranging from smartphones to a self-driving electric car. It’s obviously not selling the car right now but you can certainly buy its smartphones. LeEco is running a flash sale today through which it’s […]
LeSee Pro Self-Driving Electric Car Concept Revealed By LeEco
LeEco rounded off its massive product announcement event in San Francisco today with a self-driving electric car concept it calls the LeSee Pro. LeEco first showed off its electric car concept earlier this year and it has said today that the LeSee Pro will be properly unveiled at the Consumer Electronics Show in Las Vegas come January next year.