Troubled LeEco lands 16.8 billion yuan lifeline after selling stakes in video, movie assets to Sunac China – South China Morning Post (Jan 13, 2017)
Despite its recent launch in the US and a strong presence at CES last week, most of the recent headlines about LeEco have been about its shaky finances rather than its products or services. It looks like it’s now solved at least its short term cash crunch by selling down some of its stakes in various subsidiaries, which should help fund its overseas expansion and particularly its aggressive entry to the US market. From my conversation with LeEco at CES, it appears the focus in the near term will be on expanding distribution channels and content relationships (with more of the latter to be announced very shortly), but until then the value proposition feels pretty thin, and without carrier partnerships all the retail distribution in the world won’t get it far in phones.
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