Le.com

Corporate brand

A Chinese internet video company that expanded into smart televisions, mobile devices, cloud services, sports and entertainment before a severe financial crisis and 2020 delisting. A Chinese technology and media conglomerate that built an integrated ecosystem spanning online video, consumer electronics, entertainment, and electric-vehicle projects.

Last updated October 9, 2026

AI crawler reads

No AI crawler has read this profile since Oct 28, 2026.

Overview

Le.com, legally Leshi Internet Information and Technology Corp., Beijing, originated as Letv.com, a Chinese online video service founded by Jia Yueting in 2004. The company built its early identity around licensed and aggregated television and film content, seeking to combine online distribution with a broader technology ecosystem. It became a national high-tech enterprise and entered the Shenzhen Stock Exchange on 12 August 2010, presenting itself as an early publicly listed example of a Chinese online-video business. During the first half of the 2010s, Le.com pursued an unusually broad expansion strategy. The company moved beyond streaming into connected flat-screen televisions, smartphones, cloud video infrastructure, sports and entertainment investments, film production, and other internet-linked hardware and services. Its ecosystem strategy was associated with the LeTV and later LeEco names. Smart televisions were developed through the Leshi Zhixin subsidiary, while LeCloud promoted a video-cloud model that combined content aggregation, distribution, cloud computing and data capabilities. The company also sought overseas visibility, including a United States streaming proposition marketed through services such as Le, LeVidi and LIVE and partnerships with third-party content providers. The expansion placed substantial demands on the listed company and its related-party network. Le.com had financial and ownership links with Jia Yueting's privately controlled LeEco and with affiliated businesses including Le Vision Pictures, LeSports and Leshi Zhixin. In 2015 and 2016, the group pursued recapitalizations, related-party transactions and acquisitions or proposed acquisitions. The structure also involved significant share pledges by Jia Yueting and his sister Jia Yuefang, as well as reported loans between Le.com and the Jia family. These arrangements generated concerns about leverage, liquidity, governance and the separation between the listed company and privately held affiliates. In January 2017, Sunac China became a major shareholder through Tianjin Jiarui Huixi, acquiring an 8.61% stake in Le.com and investing in related businesses. The transaction did not resolve the group's broader funding problems. Jia Yueting resigned as Le.com's chairman and chief executive in July 2017. The company subsequently faced disputes with suppliers and investors, asset and ownership changes involving Leshi Zhixin and Le Vision Pictures, and worsening financial conditions. In July 2018, Le.com said it risked suspension because of negative net assets. In 2019, it disclosed an arbitration demand seeking the repayment of approximately 1.4 billion yuan to two investment managers. The Shenzhen Stock Exchange delisted Le.com on 14 May 2020. The listed corporate vehicle therefore no longer operates as a public company under its former exchange status. The Le.com name remains associated with the group's earlier video, television, mobile and ecosystem businesses, while later ventures connected with Jia Yueting, including Faraday Future, are separate entities and should not be treated as Le.com's current products or operating divisions. LeEco was the international brand used by a Chinese technology and media group founded by Jia Yueting in Beijing in 2004. Its origins were in Letv, an online video service that developed into one of China’s earliest publicly listed streaming-video businesses. The company pursued a vertically integrated model in which entertainment content, internet services, software, connected devices, and e-commerce were intended to reinforce one another. Rather than treating video as a standalone subscription product, LeEco used it as the center of a broader ecosystem of screens, smartphones, applications, cloud services, and branded digital content. During the 2010s, the group expanded well beyond video. Its activities included streaming and original programming, film production and distribution, smart televisions, smartphones, virtual reality, cloud and software services, online retail, electric bicycles, and electric-vehicle development. It also entered property and other investment activities. The consumer-electronics portfolio was marketed around connected products such as Super TVs and Le Superphones, while the company’s ecosystem messaging emphasized common accounts, content services, and device integration. The group’s international expansion accelerated from 2014 onward. Le Vision Pictures established a presence in Los Angeles, and Letv opened a United States office in Redwood City before moving its North American headquarters to San Jose. In 2016, international products and media services were increasingly placed under the LeEco name. The company launched in the United States with smartphones, televisions, headphones, and related services, selling through its own LeMall marketplace and major retail channels. It also maintained or announced activities in markets including India and Russia. LeEco’s expansion was funded and organized around a high-growth strategy, but the breadth and speed of that strategy placed substantial pressure on cash resources. From late 2016, the group acknowledged that its capital requirements had grown beyond its available resources. Supplier-payment problems, workforce reductions, delayed expansion plans, and attempts to sell or dilute non-core and affiliated assets followed. Its proposed acquisition of American television manufacturer Vizio was abandoned in 2017 because of regulatory obstacles. The group also faced debt claims and restructuring pressure, while Jia Yueting stepped away from day-to-day leadership and moved to the United States, where he became associated with Faraday Future. Asset sales and ownership changes continued through 2017 and 2018. Sunac-related investors acquired or increased interests in important LeEco assets, including Le Vision Pictures and the television subsidiary Leshi Zhixin. LeEco’s Hong Kong operations were shut down in 2018, and the Chinese business announced a rebranding under the name Lerong Zhixin. New investment and partnerships involving Tencent, JD.com, BroadLink, Qinglianyun, and Rokid were announced as part of an effort to preserve selected internet, cloud, IoT, and smart-hardware activities. Le.com continued to provide online video content during the period covered by the reference material, but the long-term status and scope of the broader LeEco brand remain unclear.

History

Jia Yueting founded Letv.com in 2004 as an online video business in China. The company developed a library of television and film content and later operated under the Leshi Internet corporate identity. It became a nationally recognized high-tech enterprise and was listed on the Shenzhen Stock Exchange on 12 August 2010 under ticker 300104.SZ. Le.com’s growth strategy was based on an ecosystem model rather than a single media service. It expanded from online video into connected televisions, mobile phones, cloud video infrastructure, live content, sports, film production and other digital businesses. Its English-language branding included LeTV and LeEco. The company’s television activities were conducted through Leshi Zhixin, while LeCloud promoted a video-as-a-service concept built on cloud computing, big data, content aggregation and video distribution. In 2015, LeCloud and Microsoft announced work intended to improve compatibility with Microsoft Azure solutions. The group’s corporate structure became increasingly complex. Le.com was connected to privately held LeEco and related companies such as Le Vision Pictures, LeSports and Leshi Zhixin. The listed company considered acquiring Le Vision Pictures in 2015, but the transaction had not been completed by November 2016. At the end of 2015, Jia Yueting and his sister Jia Yuefang had pledged a large proportion of their Le.com shares. The company also reported loans involving the Jia family and receivables or payables involving related businesses. These arrangements led observers to question leverage, liquidity and related-party exposure. Le.com and affiliated businesses undertook recapitalization and ownership changes during 2015–2017. In January 2017, Sunac China, acting through Tianjin Jiarui Huixi, acquired 8.61% of Le.com for approximately 6.041 billion yuan. Tianjin Jiarui also acquired interests in Le Vision Pictures and Leshi Zhixin. In February 2017, Le.com reached an agreement with Truly International Holdings concerning a capital increase in Leshi Zhixin. Truly later initiated civil proceedings seeking recovery of part of its investment, alleging that the investment terms had been breached. Jia Yueting resigned as chairman and chief executive in July 2017. The group’s liquidity problems continued, and ownership of related businesses shifted through investment transactions and auctions connected with LeEco. In July 2018, Le.com warned that it could be suspended from the Shenzhen exchange because its net assets were negative. In April 2019, the company disclosed an arbitration notice seeking roughly 1.4 billion yuan from Le.com and affiliated companies on behalf of two investment managers. Le.com was delisted on 14 May 2020. The delisting ended its status as a publicly traded Shenzhen company. Although the Le.com and Leshi Video names continued to be associated with parts of the former video ecosystem, the listed company’s former expansion model—linking video, hardware, cloud services, entertainment and related investments—did not survive as an operating structure. Later automotive projects associated with Jia Yueting, including Faraday Future, are separate ventures rather than products of Le.com. LeEco developed from Letv, an online video business founded by Jia Yueting in Beijing in 2004. Letv became one of China’s first publicly listed streaming-video companies and used online content as the basis for a wider technology ecosystem. Jia subsequently established related holding and operating entities to connect media production, streaming services, hardware, and internet applications under the LeEco identity. The group’s early proposition was to combine licensed and original video with internet-connected screens. It expanded into original programming and film production before streaming competitors had fully adopted that model in China. Le Vision Pictures became a significant part of the group’s entertainment ambitions, while Le.com and associated services supplied the digital-content layer. This structure supported the sale of smart televisions and other devices intended to keep users within the company’s service ecosystem. LeEco’s diversification accelerated in the middle of the 2010s. It introduced smartphones under the LeTV and later LeEco names, including the first-generation Le Superphone range, and developed smart televisions, headphones, virtual-reality products, cloud services, and e-commerce. In 2014, the company announced its Super Electric Ecosystem project, marking its move into vehicles. Its LeSEE division presented electric and autonomous-driving concepts, including vehicles shown at CES and the Beijing Auto Show. The group also explored electric bicycles, real estate, wine, retail, and other activities. Internationalization became a central part of the strategy. Le Vision Pictures opened a West Los Angeles office in 2014, and Letv established a US presence in Redwood City in 2015. In 2016, the company opened a large North American headquarters in San Jose and recruited technology personnel from Silicon Valley. Its international branding was consolidated under LeEco, and the company formally launched in the United States in October 2016. It marketed the Le Pro 3 and Le S3 smartphones, EcoTV televisions, headphones, and connected services through LeMall and retail partners including Amazon, Target, and Best Buy. It also announced a partnership intended to make DirecTV Now available through its devices. The expansion created severe financial strain. In late 2016, Jia acknowledged internally that the company had expanded too rapidly and that its cash needs had outgrown its resources. Reports followed of unpaid or rescheduled supplier obligations, workforce reductions, planned sales of non-core assets, and retrenchment in overseas markets. The company’s proposed acquisition of Vizio was terminated in April 2017 after regulatory difficulties. Large layoffs affected operations in India, Hong Kong, and the United States, and the Silicon Valley footprint was substantially reduced. Ownership and leadership changed as the group attempted to stabilize itself. Jia left the chairmanship in 2017, and Sun Hongbin, associated with Sunac, became chairman. Jia moved to the United States and became involved with Faraday Future. Sunac-related investment vehicles acquired interests in Le Vision Pictures and Leshi Zhixin, while other transactions diluted LeEco’s position in the television subsidiary. LeEco’s Hong Kong operations closed in 2018 after court-related action. In 2018, the Chinese business adopted the Lerong Zhixin name and updated its branding. It also announced new investment and cooperation involving Tencent, JD.com, BroadLink, Qinglianyun, and Rokid, focusing on cloud services, IoT, smart hardware, and related technology. LeEco sold its remaining interests in major subsidiaries to Sunac-related parties during the same period. Le.com continued publishing video content, but the status of the broader international LeEco conglomerate became uncertain as its original ecosystem strategy was dismantled and reorganized.

2020
Delisting
[1]Le.comen.wikipedia.org
Le.com is delisted from the Shenzhen Stock Exchange on 14 May.
2018
Negative net assets create suspension risk
[1]Le.comen.wikipedia.org
Le.com announces that it may be suspended from trading because of negative net assets.
2018
Chinese business adopts Lerong Zhixin name
[6]LeEcoen.wikipedia.org
The Chinese operation announced a new corporate name and updated visual identity.
2018
Key subsidiary interests sold to Sunac-related investors
[6]LeEcoen.wikipedia.org
LeEco sold its remaining interests in Leshi Zhixin and Le Vision Pictures as part of its restructuring.
2017
Sunac China becomes a major shareholder
[1]Le.comen.wikipedia.org
Tianjin Jiarui Huixi, acting for Sunac China, acquires an 8.61% interest in Le.com and invests in related businesses.
2017
Founder leaves top management
[1]Le.comen.wikipedia.org
Jia Yueting resigns as chairman and chief executive in July.
2017
Sun Hongbin becomes chairman
[6]LeEcoen.wikipedia.org
Sun Hongbin replaced Jia Yueting as chairman during the group’s financial retrenchment.
2016
International branding changes to LeEco
[6]LeEcoen.wikipedia.org
Internationally marketed Letv services and products were rebranded under LeEco while media services operated through Le.com.
2016
North American headquarters opens in San Jose
[6]LeEcoen.wikipedia.org
LeEco formally established a large San Jose headquarters and expanded its Silicon Valley recruitment.
2016
LeEco launches in the United States
[6]LeEcoen.wikipedia.org
The company unveiled US products and services at its Big Bang launch event in San Francisco.
2015
Proposed acquisition of Le Vision Pictures
[1]Le.comen.wikipedia.org
Le.com announces a proposed acquisition of the affiliated film company from LeEco, subject to shareholder approval.
2015
Le Superphone launches in China
[6]LeEcoen.wikipedia.org
LeEco introduced its first smartphone generation in China and reported strong early online sales.
2015
US presence established
[6]LeEcoen.wikipedia.org
Letv opened a US headquarters in Redwood City as part of its Silicon Valley expansion.
2014
LeCloud promotes a video-as-a-service model
[1]Le.comen.wikipedia.org
The company presents LeCloud as a cloud-based video platform combining aggregation, distribution and derivative content capabilities.
2014
Super Electric Ecosystem project announced
[6]LeEcoen.wikipedia.org
LeEco announced an electric-vehicle initiative, beginning its move into connected mobility.
2014
Le Vision Pictures opens Los Angeles office
[6]LeEcoen.wikipedia.org
The film subsidiary established a West Los Angeles presence to work more closely with filmmakers and develop international business.
2010
Listing on the Shenzhen Stock Exchange
[1]Le.comen.wikipedia.org
Le.com becomes a publicly traded company in China on 12 August 2010.
2004
Letv.com is founded
[1]Le.comen.wikipedia.org
Jia Yueting establishes the online video business that later becomes associated with Le.com and Leshi Internet.

Products and positioning

Originally positioned as an integrated internet ecosystem combining video content, connected hardware and cloud services; later associated with a financially distressed, formerly listed technology group. An ecosystem-oriented technology brand combining digital entertainment, internet services, connected consumer electronics, and emerging mobility products.

Online video streaming
Leshi Video
Le.com’s core media service offered online access to television dramas, films and other video programming. The platform also developed live-broadcasting and short-video functions. At its reported peak, the service claimed a large catalogue and substantial web, mobile and large-screen usage. Its content strategy was central to the company’s attempt to connect internet distribution with televisions and other consumer devices.
Smart televisions
LeTV Super TV
The Super TV line represented Le.com’s effort to turn online video into a connected living-room platform. Produced through the Leshi Zhixin subsidiary, the televisions integrated internet video and smart-device functions. The product line was strategically important because it extended Le.com’s ecosystem beyond a website and made the company’s content service part of a dedicated large-screen hardware experience. Super TV was LeEco’s connected television line. The products combined large-screen hardware with online video, software, and ecosystem services, making the television a principal access point for the company’s content and device strategy.
Smartphones · 2015
LeTV Super Phone
LeTV Super Phone was part of the company’s mid-2010s expansion into mobile hardware. The phones were intended to connect users with Le.com’s video and broader internet ecosystem, reflecting the company’s strategy of combining devices, content and online services rather than competing only as a conventional handset manufacturer. The Le Superphone family was LeEco’s first major smartphone range in China. It was marketed as an internet-connected device tied to the company’s video and services ecosystem. The initial generation included three models and was followed internationally by products such as the Le Pro 3 and Le S3.
Cloud video services · 2014
LeCloud
LeCloud, previously branded Letv Cloud, promoted a video-as-a-service architecture. It combined cloud computing, data technologies, content aggregation and video distribution, and was intended to provide infrastructure and solutions across the company’s video ecosystem. In 2015, LeCloud and Microsoft announced work on compatibility with Microsoft Azure solutions.
Online video and digital media · 2004
Le.com
Le.com was the group’s online video and media platform, descended from Letv. It provided streaming video, original programming, and access to content intended to support the wider LeEco device ecosystem. The service remained active in the reference period even as other parts of the group were sold or reorganized.
Smartphones · 2016
Le Pro 3
The Le Pro 3 was introduced as one of LeEco’s flagship smartphones for its US launch. It represented the company’s attempt to combine competitive mobile hardware with access to LeEco’s online content and device ecosystem.
Smartphones · 2016
Le S3
The Le S3 was a smartphone unveiled alongside the Le Pro 3 at LeEco’s 2016 US debut. It was positioned as a more accessible entry into the company’s ecosystem of mobile hardware and digital services.
Electric vehicles and autonomous-driving concepts · 2015
LeSEE
LeSEE was LeEco’s electric-vehicle and mobility initiative. It presented self-driving and electric-car concepts, worked with talent from the automotive and autonomous-driving fields, and was associated with planned vehicle, battery, and motor manufacturing. The project did not mature into a clearly established mass-production LeEco vehicle business in the reference period.
Virtual reality
Le VR
Le VR was the group’s virtual-reality initiative. It invested in VR technology and was intended to broaden LeEco’s connected entertainment proposition, but its US operation was dissolved amid the group’s financial constraints.
E-commerce
LeMall
LeMall was LeEco’s proprietary online marketplace for selling smartphones, televisions, headphones, bicycles, and other ecosystem products. In the United States it operated alongside sales through national retail chains and provided a direct channel for product distribution and support.
Film production and distribution
Le Vision Pictures
Le Vision Pictures was the group’s film studio and entertainment subsidiary. It produced and distributed films, established a Los Angeles presence, and later pursued US-oriented entertainment activities through Le Vision Entertainment. Its remaining ownership was sold to Sunac-related interests in 2018.

Controversies

2023
First-Instance Civil Judgment on Misrepresentation Awards Nearly RMB 2.04 Billion in Compensation
In September 2023, the Beijing Financial Court ruled in the first instance that Le.com must compensate investors nearly RMB 2.04 billion, with Jia Yueting bearing full joint and several liability, while certain executives and intermediary institutions bore joint and several liability to varying extents. This item concerns the investors' civil compensation proceedings and is recorded separately from the 2021 administrative penalty; it is not treated as having been fully paid. In September 2023, the Beijing Financial Court ruled at first instance that LeTV.com must pay investors nearly RMB 2.04 billion in compensation, with Jia Yueting bearing full joint and several liability and certain executives and intermediaries bearing joint and several liability to varying extents. This is an investor civil compensation proceeding, recorded separately from the 2021 administrative penalty, and is not regarded as having been fully paid.
Source
2022
Investors sue LeTV and other defendants over alleged false statements
Investors sued LeTV and 20 other defendants, including Zhongde Securities, seeking RMB 4.571 billion in compensation for alleged losses caused by LeTV's securities false statements. Plaintiffs alleged that Zhongde Securities and other intermediaries failed to perform their duties diligently. The case had not yet gone to trial and no judgment had been issued, according to Shanxi Securities.
Source
2021
Le.com Administrative Penalty for Financial Fraud and Fraudulent Issuance
In 2021, the China Securities Regulatory Commission imposed penalties on LeTV.com for financial fraud, fraudulent issuance, and other violations. LeTV.com was fined RMB 240.6 million, and Jia Yueting was fined RMB 241.2 million. The penalties concerned issues including consecutive years of financial fraud from 2007 to 2016.
Source 1 Source 2
2021
Court rules iQIYI infringed LeTV's online transmission rights
The Beijing Internet Court found that iQIYI provided online playback of works without the rights holder's permission, infringing LeTV's information network dissemination rights, and ordered iQIYI to pay LeTV 50,000 yuan in economic losses within seven days after the judgment took effect.
Source
2021
Investors sue LeTV over securities misrepresentation
The Beijing Financial Court recently accepted a securities misrepresentation liability case brought by 11 investors against LeTV and 21 other defendants. The source reports that the case was accepted; it does not report a determination on the allegations in this case.
Source
2021
Chinese regulator fines LeTV for financial misconduct
The Beijing regulatory bureau determined that LeTV had committed financial fraud from 2007 to 2016, failed to disclose related-party transactions and guarantees, and engaged in fraudulent issuance in a 2016 private offering. LeTV was fined 240.6 million yuan.
Source 1 Source 2
2019
Arbitration claims for approximately 1.4 billion yuan
The company reported an arbitration notice seeking repayment from Le.com and sister companies to two investment managers, including claims of approximately 1.335 billion yuan and 65 million yuan.
Source
2019
LeTV urges Jia Yueting to fulfill his obligations
LeTV publicly urged Jia Yueting to fulfill his obligations amid his personal bankruptcy filing and reported claims involving the company.
Source
2018
Negative net assets and suspension risk
Le.com disclosed that negative net assets put its Shenzhen listing at risk of suspension, highlighting the severity of the company’s financial deterioration.
Source
2017
Truly International investment dispute
Truly International Holdings brought a civil claim concerning its investment in Leshi Zhixin and sought recovery of paid-in funds, alleging that the investment agreement had been breached.
Source

Marketing campaigns

2016Big Bang US launch
United States
LeEco used a large San Francisco launch event to present its American ecosystem, including smartphones, EcoTV televisions, content services, and connected products.
Outcome. The launch was followed by US sales through LeMall and major retail partners, but the expansion was soon curtailed by financial pressure and layoffs.
Source
2016LeMall US retail expansion
United States
LeEco promoted its direct marketplace while adding Amazon, Target, and Best Buy as retail channels for phones, televisions, headphones, and related products.
Outcome. The channel expansion increased product availability but did not prevent a subsequent reduction of the US operation.
Source

Brand decisions

2020
Exit from public marketsOther
Background
After prolonged financial problems and negative net assets, Le.com no longer met the conditions for continued public trading.
Action taken
The Shenzhen Stock Exchange delisted Le.com on 14 May 2020.
Aftermath
Le.com ceased to be a publicly traded company under ticker 300104.SZ.
Source
2018
Rebrand the Chinese operationStrategy
Background
LeEco attempted to separate and reorganize surviving Chinese activities after the group’s financial crisis.
Action taken
The Chinese business adopted the Lerong Zhixin name and updated its headquarters branding.
Aftermath
The rebranding was accompanied by new investment and partnerships focused on cloud, IoT, cybersecurity, and smart hardware.
Source
2018
Sell remaining interests in major subsidiariesM&A
Background
Asset disposals were used to address financial pressure and reduce LeEco’s exposure to businesses outside its remaining core activities.
Action taken
LeEco sold its remaining ownership in Leshi Zhixin and Le Vision Pictures to Sunac-related interests.
Aftermath
The transactions reduced LeEco’s control of its television and film assets and marked a major contraction of the original ecosystem strategy.
Source
2017
Capital restructuring and strategic investmentStrategy
Background
Le.com and related businesses required additional capital while the group’s ecosystem expansion created increasingly complex ownership and funding relationships.
Action taken
Sunac China invested through Tianjin Jiarui Huixi and acquired interests in Le.com and affiliated media and television businesses.
Aftermath
The investment changed the shareholder structure but did not prevent the company’s subsequent financial deterioration and eventual delisting.
Investment for an 8.61% stake in Le.com. Approximately CNY 6.041 billion (January 2017)
Source
2017
Replace Jia Yueting as chairmanOther
Background
Leadership changes followed mounting financial pressure and efforts by investors to stabilize the group.
Action taken
The board appointed Sun Hongbin as chairman.
Aftermath
Jia moved to the United States and became associated with Faraday Future, while LeEco continued asset sales and restructuring.
Source
2016
Accelerate US ecosystem expansionStrategy
Background
LeEco wanted to establish a major international technology presence and use the United States as a base for content, hardware, and talent acquisition.
Action taken
It opened a San Jose headquarters, recruited in Silicon Valley, launched phones and televisions, and expanded distribution through LeMall and national retailers.
Aftermath
The expansion was followed by layoffs, office contraction, and a broader retrenchment after the group acknowledged that its capital needs had become excessive.
Source
2016
Propose acquisition of VizioM&A
Background
Acquiring Vizio would have strengthened LeEco’s position in US televisions and connected-home products.
Action taken
LeEco announced a proposed acquisition of Vizio, with Vizio intended to remain an independent subsidiary.
Aftermath
The transaction was abandoned in April 2017 because of regulatory obstacles.
Source
2015
Proposed purchase of Le Vision PicturesM&A
Background
Le.com sought to broaden its media ecosystem by acquiring Le Vision Pictures from the related LeEco holding company.
Action taken
The company announced the proposed transaction subject to shareholder approval.
Aftermath
The acquisition had not been completed as of 8 November 2016.
Source
2014
Enter electric vehiclesStrategy
Background
LeEco sought to extend its content-and-device ecosystem into connected mobility.
Action taken
It announced the Super Electric Ecosystem project and later formed the LeSEE vehicle initiative.
Aftermath
The company showed electric and autonomous-driving concepts and discussed large-scale manufacturing, but financial constraints limited the project’s development.
Source

Recent events

2020
Le.com is delisted from the Shenzhen Stock Exchange[1]Le.comen.wikipedia.org
Regulation · Bankruptcy
The exchange removed Le.com from trading on 14 May 2020 after the company’s prolonged financial deterioration.
2018
LeEco closes Hong Kong operations[6]LeEcoen.wikipedia.org
Bankruptcy · Lawsuit
The company’s Hong Kong operations were shut down following action requested through the Hong Kong High Court.
2018
LeEco rebrands its Chinese business as Lerong Zhixin[6]LeEcoen.wikipedia.org
Other
The Chinese business announced a new name and updated branding at its Beijing headquarters while attempting to reorganize its activities.
2018
LeEco sells remaining interests in key subsidiaries[6]LeEcoen.wikipedia.org
M&A
LeEco sold its remaining ownership in Leshi Zhixin and Le Vision Pictures to Sunac-related interests as part of its response to financial difficulties.
2017
Sunac China acquires a major stake in Le.com[1]Le.comen.wikipedia.org
M&A
Through Tianjin Jiarui Huixi, Sunac China acquired an 8.61% stake in Le.com and separately invested in affiliated businesses, including Le Vision Pictures and Leshi Zhixin.
2017
LeEco abandons Vizio acquisition[6]LeEcoen.wikipedia.org
Regulation · M&A
The proposed Vizio transaction was dropped after LeEco cited regulatory obstacles, while saying it would continue to consider other opportunities.
2017
LeEco faces supplier debt claim[6]LeEcoen.wikipedia.org
Lawsuit
Haosheng Electronic Technology announced legal action against LeMobile over unpaid obligations denominated in renminbi and US dollars.
2017
LeEco announces major Silicon Valley layoffs[6]LeEcoen.wikipedia.org
Leadership change · Other
The company informed employees that more than 325 positions, representing most of the Silicon Valley workforce, would be eliminated as the US operation was reduced.
2017
Jia Yueting steps down as LeEco chairman[6]LeEcoen.wikipedia.org
Leadership change
LeEco’s board appointed Sun Hongbin as chairman after Jia moved to the United States amid financial and legal pressure in China.
2016
LeEco acknowledges financial pressure from rapid expansion[6]LeEcoen.wikipedia.org
Leadership change · Other
Founder Jia Yueting told employees that the company had expanded too quickly, creating unusually large cash requirements and stretching available capital and resources.

Showing the 10 most recent.

Sources21 sources

Cite this profile: Cite the canonical profile. /brand-wiki/lecom · Editorial policy · How profiles are compiled