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
Since our last LineageOS post, the project has continued to add new features and support new devices. In addition to new Quick Settings tiles and changes to included apps, the ROM now supports 16 additional devices. 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
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
For those of us who love to mess around with our Android devices' software, custom recovery is essential. TWRP is, without a doubt, the most popular custom recovery out there, likely due to its easy-to-use interface and availability on a wide variety of devices. Now, it's available for several more devices, including the OnePlus 3T, ZTE Axon 7, a few BQ smartphones, and more. Read More
LeEco can't seem to catch a break. Last month, its CEO Jia Yueting sent out a memo days after the company's US launch claiming it was over-extended and suffering from "big company disease," which seemed a clear euphemism for incoming job cuts. A month later, and things aren't any better.
The Wall Street Journal is reporting that the publicly-traded arm of LeEco, known as Leshi, had seen its stock tank earlier this week. Reports from Chinese media claim that an 8% drop on Tuesday triggered margin calls by Jia's lenders, meaning he will either be forced to sell some of his Leshi company stock or provide his margin accounts fresh funds. Read More
When shopping for a budget or mid-range phone, there is always an element of compromise. How many high-end features, how much capability are you willing to give up for the sake of a few hundred dollars? It's a similar proposition in just about any field - from a multi-year car purchase to a simple meal - but the scales are tipping for mobile. The last few years have been marked by amazing value, and thus less and less compromise, in the mid-range segment.
Which brings us to LeEco. Previously exclusive to the Chinese market, the company's debut in the US is highlighted by the LePro 3. Read More