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Topic: LeEco

Chinese discount phone makers were supposed to rival Apple's iPhone globally. Instead, they're dying off within China

02/23/2018, 11:02 am

Ever since iPhones officially went on sale in China back in 2009, pundits have claimed that local production of cheaper smartphones would not only block Apple's growth prospects in China but also invade smartphone markets globally. They were wrong, here's why.

35 comments

China's LeEco backs out of Silicon Valley HQ less than a year after being hailed as "taking on Apple"

03/20/2017, 07:03 pm

LeEco, the Chinese firm reported to be "taking on" Apple (as well as Tesla and Netflix) less than a year ago in an ambitious American expansion with new headquarters in San Jose, is now laying off employees and selling its property after running out of cash.

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After deriding Apple as too slow, China's LeEco hits cash crunch, halts stock trading

12/08/2016, 06:12 pm

Ambitious Chinese tech firm LeEco halted stock trading after plummeting share prices reportedly triggered margin calls for its cash-strapped billionaire founder Jia Yueting. LeEco had been hailed as an Apple threat, with tech journalists giddy in reporting Jia's contempt for Apple--a company Jia derided as "extremely slow" and compared to the Nazis.

58 comments