Just after his assets were frozen, and two months after resigning as CEO, LeEco chairman Jia Yueting has resigned from his position at the financially troubled and publicly traded half of the company. This latest news is almost assuredly connected to LeEco's ongoing financial problems. There is no word yet on how this might affect the privately owned phone manufacturing arm of the company. Read More
It's been a difficult year for LeEco, and it looks as though things may be about to go from bad to worse. The Chinese tech firm had ambitious plans to break into the US market, particularly with its LeMobile phones, but mounting debt and poor sales leave it in a perilous position. Just last month we learned that Jia Yueting was voluntarily leaving his position as CEO at the same time as around 70% of the organization's US workforce was let go. The LeEco founder, who remained as chairman of the company's private smartphone branch, has now had $182 million worth of personal assets frozen after a missed loan repayment. Read More
As great as LineageOS and other ROMs are, they wouldn't be possible without a custom recovery available for the device. TWRP is usually pretty quick to support new devices, with older phones and tablets being added to the list frequently too. Since our last post, TWRP has added support for 17 more devices, including the LeEco Le Pro 3 and Xiaomi Mi 6. Read More
Jia Yueting, former LeEco CEO and founder of the company, is voluntarily replacing himself as CEO from the publicly traded arm of the LeEco conglomerate, to be succeeded by former Lenovo executive Liang Jun. Over the last 6 months, LeEco has been in the news quite a lot, seemingly going from crisis to crisis after its entrance into the US market. Perhaps this latest move will be able to help LeEco regain its footing. However, Jia Yueting will still maintain control of the private branch of the company that US consumers would be more familiar with as the manufacturer of the LeMobile phones. Read More
According to The Verge, LeEco has just announced that it no longer intends to buy US television maker Vizio.
LeEco announced its plans to buy Vizio last July for $2 billion. It's not the first stumble for the company - they're in the midst of major fundraising efforts after an apparent cash crunch caused by over-expansion. It's now rumored the company is looking to sell some of its Silicon Valley property holdings, as well.
LeEco cited "regulatory headwinds" as the reason for calling off the merger. It could also have been a little bit, maybe, that it just seemed like a bad idea and honestly made no sense from a product strategy perspective. Read More
Unlocked phones are great. You can take them to whichever carrier you desire, you usually have greater control over software modification, and you don't have to deal with contracts. Amazon seems to think so, too; as a result, it's running an "Amazon Unlocked Phone Event" that starts today, with discounts on Sony Xperia, LeEco, Lenovo, ASUS, and Coolpad smartphones. Read More
Back in October of last year, LeEco officially started its expansion into the United States. Its bizarre launch event, consisting of a prop electric car and confusing talks of an ecosystem, left press and consumers alike scratching their heads. Just days after, the CEO admitted LeEco's rapid expansion wasn't working out, and two months later, matters only became worse. Read More
In one of those [Finally] moments, LeEco is releasing an update to its Le Pro3 and Le S3 phones that brings with it an app drawer. Besides just that, there are some improvements to the cameras, (the Le Pro3's was not the best, if you'll recall) and some other miscellaneous additions and fixes. Read More
It's that time again: multiple TWRP builds for a multitude of various devices have become available, ranging from some obscure Pantech phones to LG and Samsung mid-range handsets. Read More
LeEco is determined to succeed in the North American market, despite a strange launch event and mediocre devices. The company has announced two new smart bikes, the aptly-named LeEco Smart Road Bike and LeEco Smart Mountain Bike (not LeBike?), which can be seen on the CES show floor. Read More