letv
How not to launch a company in the US — lessons learned from LeEco
After a months-long parade of endless red flags, LeEco’s Stateside woes finally came to a head this week. The company announced that it would be laying off 325 employees in…
LeEco to lay off 325 people in US, focus on Chinese-speaking American households
It’s hard to know where to begin with this mess. It’s only been seven months since LeEco launched in the U.S. with one of the most bizarre press conferences in…
Mysterious Tesla Rival Faraday Future Backed By Netflix Of China, LeTV
There’s been much speculation lately about who’s behind the mysterious electric car company Faraday Future, based in Gardena, California. While some believe it to be a front for Apple’s electric…
Yidao Yongche, A Lesser Rival To Uber In China, Raises $700M At A $1B Valuation
There’s major investment news for taxi-hailing apps in China, but for once it doesn’t concern Uber or the U.S. company’s well-backed Chinese rival Didi Kuaidi. Yidao Yongche, a three-year-old private…
Singles’ Day Underscores The Importance Of Mobile And Lower-Tier Cities For China’s E-Commerce Companies
Major Chinese e-commerce companies like Alibaba, JD.com, and Xiaomi all achieved record-breaking sales yesterday during Singles’ Day. What’s even more interesting about this year’s Singles’ Day, however, is that it…
Viki Moves In On Chinese Audiences With Two New Video Deals
Video sharing site, Viki, is continuing its push into China with two new video distribution deals with Chinese video-on-demand sites, LeTV and Xunlei Kankan. This move follows its first distribution…
