The struggling Chinese conglomerate LeEco has sold more than half of its stake in the Coolpad Group and has already said goodbye to it.
Last year LeEco had released the Le Pro 3 AI edition which had reportedly hit 4.8 million pre-orders in a single day.
With this, Coolpad India will look forward to strengthening its position in the domestic market with some aggressive products in the coming months.
Debt-laden LeEco CEO defies China's order to return to the country; stays in USA to raise funds for his electric car business
LeEco's main listed unit said that it was trying to settle its debt problems to resolve liquidity issues and resume normal business operations.
The recent troubles underscore an abrupt fall from grace of one of China’s most prominent entrepreneurs.
Jia Yueting had his name and ID number splashed on China’s defaulter website after failing to satisfy a court order to pay more than 470 million yuan.
LeEco could see the market value of its listed unit fall around $2.5 billion, showed estimates from three mutual fund investors.
LeEco founder Jia Yueting resigns as chairman of its main listed unit to focus on electric car business
The announcement came after Jia on social media promised to repay debt and reaffirmed LeEco's electric car commitment.
LeEco under growing pressure from creditors and investors after bank freezes assets over late payments
Partners and suppliers are re-examining their exposure to the troubled group.
LeEco is struggling to support its goals that include beating Elon Musk's Tesla Motors in premium electric vehicle making.
Chinese conglomerate LeEco plans to cut their workforce in the US down to only 60 from 500 as they streamline global operations to shake off a cash crunch.
Chinese conglomerate LeEco's CEO Jia Yueting stepped down after the company began to streamline and cut debt after rapid expansion leading to a cash crunch.
LeEco's first dual-camera equipped smartphone is finally out and it comes with its very own AI assistant.
Chinese tech conglomerate LeEco, whose businesses stretch from smartphones to electric vehicles, has abandoned a $2 billion proposed acquisition of Vizio.
LeEco is facing now financial issues in the US as it reportedly delayed payroll for its employees this month.
The LeEco Le X850 could be launched as the LeEco Le Max 3.
Chinese tech conglomerate LeEco has successfully raised nearly $2.2 billion from new investors including Tianjin Jiarui Huixin Corporate Management Company and property developer Sunac China Holdings.
Chinese internet and technology conglomerate LeEco on Tuesday announced an exclusive partnership with e-commerce giant Amazon to provide lucrative offers on its Super4 "ecotv" series.
LeEco is back with its latest TV range and here is what we think of the Super4 X40 40-inch Full HD smart TV.
While X40 and X43 Pro have sound certified by Dolby Dts, X50 Pro uses sound design by Harman Kardon.