LeEco chairman’s assets and shares frozen by Chinese court over unpaid debt

LeEco CEO Jia Yueting

A Shanghai court has frozen assets and shares of LeEco chairman Jia Yueting due to unpaid debts, according to a latest report from the New York Times. The court has reportedly frozen 1.2 billion yuan ($180 million) in assets owned by co-founder Jia Yueting, his wife Gan Wei and three subsidiaries.

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LeEco cuts 70 percent of its US workforce due to lack of funding

LeEco CEO Jia Yueting

LeEco is slashing 70 percent of its US workforce or 325 employees, according to a latest report from CNET. These job cuts comes after the company announced its plans to release phones and a video streaming service in the U.S. The Chinese smartphone maker is slashing jobs due to lack of funding.

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LeEco may exit India, top executives resign and 85% staff reportedly fired

LeEco Le Max 2_fonearena-04

LeEco has fired 85 percent of its employees in India and is said to be looking to exit the country, according to a new report from The Economic Times. The latest news comes four months after the Chinese smartphone maker confirmed it is facing a major financial crunch.
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LeEco X10 with dual 16MP front cameras, dual 13MP rear cameras surfaces in benchmarks

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Le X850

An upcoming LeEco X10 smartphone with codename X85x has surfaced in GFXBench benchmarks, few months after a similar smartphone codename Le X850 got certified by TENAA in China. It reveals similar high-end specifications such as Quad HD screen and Snapdragon 820 or 821 processor, but this reveals dual 16-megapixel front-facing cameras, in addition to dual 13-megapixel rear camera arrangement in the X850, so this could be a top-end variant of it. Continue reading “LeEco X10 with dual 16MP front cameras, dual 13MP rear cameras surfaces in benchmarks”

LeEco Liveman C1 action camera with 4K recording announced

leeco-liveman-c1

LeEco has introduced Liveman C1, its first action camera in China. It has a 1.8-inch touchscreen display, is capable of recording 4K video and is also dust, water and shockproof. It comes with a waterproof case for shooting videos at up to 40 meters underwater, has two self adhesive mounts, extensions and a GoPro style mount. Continue reading “LeEco Liveman C1 action camera with 4K recording announced”

LeEco unveils Smart Road and Smart Mountain bikes that run Android-based BikeOS

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LeEco has announced two new Smart bikes at the ongoing CES 2017. Dubbed as LeEco Smart Bike and LeEco Smart Mountain Bike, they run on Android 6.0 Marshmallow based BikeOS. Continue reading “LeEco unveils Smart Road and Smart Mountain bikes that run Android-based BikeOS”

LeEco Le 2 64GB storage version launched in India for Rs. 13999

Le 2 Review - 4

LeEco launched the Le 2 smartphone in India back in June last year, now it has launched the 64GB version of the smartphone, in addition to the 32GB storage version. This will be useful for those who store more media, since the phone doesn’t have a microSD expansion slot. Other specifications are same as the 32GB storage version, including Snapdragon 652 SoC, 3GB of RAM, 5.5-inch 1080p display, Android 6.0 (Marshmallow), 16-megapixel rear camera with dual-tone LED flash and 8-megapixel front-facing camera. Continue reading “LeEco Le 2 64GB storage version launched in India for Rs. 13999”

LeEco backs out of offline smartphone sales, curbs new launches in India

LeEco Le Max 2_fonearena-1

Last month, LeEco chairman Jia Yueting confirmed that the company is facing a financial crunch. Now, the Chinese smartphone maker which has been aggressive this year in India with new phone launches and offers is now feeling the heat of the financial situation.
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Cool Changer S1 with 5.5-inch 1080p display, Snapdragon 821, 6GB RAM, 4070mAh battery announced

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LeEco and Coolpad jointly announced Cool Changer 1C last month, now these companies have joined hands once again to introduce their flagship Cool smartphone called Cool Changer S1. It has a 5.5-inch 1080p display, is powered by a Quad-Core Snapdragon 821 SoC and runs on Android 6.0 (Marshmallow) with EUI on top. It has a 16-megapixel rear camera with dual-tone LED flash, phase-detection auto-focus (PDAF) for quick 0.1-second focus and an 8-megapixel front-facing camera. Continue reading “Cool Changer S1 with 5.5-inch 1080p display, Snapdragon 821, 6GB RAM, 4070mAh battery announced”

Cool Changer 1C with 5.5-inch 1080p display, Snapdragon 652, 4060mAh battery announced

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LeEco and Coolpad jointly announced Cool 1 with dual 13-megapixel rear cameras back in August this year. These companies have joined hands once again to introduce a new Cool smartphone called Cool Changer 1C that has similar specifications as the Cool 1, sans the dual cameras. It has a 5.5-inch 1080p display, is powered by an Octa-Core Snapdragon 652 SoC and runs on Android 6.0 (Marshmallow) with EUI on top. Continue reading “Cool Changer 1C with 5.5-inch 1080p display, Snapdragon 652, 4060mAh battery announced”

LeEco ‘LeMall for All’ sale from Nov 23 to 25 in India – Cashback, No extra cost EMI and more

Lemall for All

‘LeMall for all’, a shopping carnival organized by the Chinese handset maker LeEco is all set to go live from November 23rd to November 25th in India. Continue reading “LeEco ‘LeMall for All’ sale from Nov 23 to 25 in India — Cashback, No extra cost EMI and more”

LeEco appoints Anthony Gao as APAC President, receives $600 million new funding

LeEco logoFollowing the financial downfall, the Chinese technology conglomerate LeEco has appointed a new top executive for Asia-Pacific region. With this deal, the company will get around US$600 million as funding from the investors. Continue reading “LeEco appoints Anthony Gao as APAC President, receives $600 million new funding”

LeEco chairman assures commitment towards India despite financial crunch

LeEco CEO Jia Yueting

Earlier this week, the Chinese billionaire and LeEco chairman, Jia Yueting had sent a long letter to his employees about the current financial state of the company. This news came right after the expansion into the US market with the debut of the Le Pro 3. Continue reading “LeEco chairman assures commitment towards India despite financial crunch”

LeEco facing financial crunch, admits company’s chairman Jia Yueting

LeEco CEO Jia Yueting

China’s LeEco chairman, Jia Yueting has confessed that the company is facing a severe financial crunch and difficulty in raising funds as a result of business expansion. Continue reading “LeEco facing financial crunch, admits company’s chairman Jia Yueting”