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.
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.
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 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”