Showing posts with label LeEco. Show all posts
Showing posts with label LeEco. Show all posts

Tuesday, July 26, 2016

China's LeEco to Acquire Vizio for US TV Set Business

LeEco, a Beijing-based technology company and one of the largest online video companies in China, agreed to acquire Vizio for $2 billion. The deal includes all of the VIZIO hardware and software operations, technology and intellectual property.

Vizio, which is based in Irvine, California and founded in 2002, is a leading consumer electronics brand in North America, with #1 unit share in Smart TVs and #1 unit share in Sound Bars.

“Fourteen years ago, I mortgaged my house to start VIZIO and since then, it has grown into one of the most well-known and respected CE brands in North America. As an entrepreneur, I couldn’t be more proud of what has been accomplished,” said William Wang, Founder, Chairman and Chief Executive Officer, VIZIO.

http://www.leeco.com/

Thursday, April 28, 2016

LeEco Opens Autonomous Driving R&D Center in San Jose

LeEco, a leading Chinese Internet company, inaugurated its new, 80,000 square foot North American headquarters in San Jose, California. The headquarters will also be the future home of LeEco’s autonomous driving research center, the LeFuture AI Institute.

In recent weeks, LeEco announced second-generation smartphones, an all-new 4th-generation SuperTV, the LeEco VR headset and its autonomous LeSEE electric vehicle concept car.

http://www.leeco.com/