Thursday 9 February 2017
WT Micro net profits fall 14% in 2016
WT Microelectronics' net profits fell 14.3% on year in 2016 with EPS reaching a 3-year low of NT$3.61 (US$0.12), due mainly to the loss of accounts receivable from China-based LeEco...
Wednesday 8 February 2017
WPG profits hurt by LeEco overdue payments
IC distributor WPG has posted lower-than-expected EPS for 2016 due to unpaid accounts receivable for products shipped to China-based LeEco.
Tuesday 7 February 2017
Vizio fined US$2.2 million for getting smart with consumers
LCD TV vendor Vizio has agreed to pay US$2.2 million to settle charges by the US Federal Trade Commission (FTC) and the Office of the New Jersey Attorney General that it installed...
Tuesday 17 January 2017
LeEco to receive investment from China-based Sunac for CNY15 billion
LeEco has recently signed contracts with Sunac China Holdings for the latter to invest a total of CNY15 billion (US$2.17 billion) in the former to acquire a 8.61% stake in LeTV, a...
Friday 30 December 2016
China market: Component order visibility weak from some smartphone vendors for 1Q17
The visibility of component orders from some China-based smartphone vendors, notably Huawei, Xiaomi Technology and LeEco, for the first quarter of 2017 has become weak recently, according...
Monday 5 December 2016
WT Micro says it is in talks with LeEco on delayed payment
Taiwan-based IC distributor WT Microelectronics has indicated it is in talks with LeEco on unpaid accounts receivable, and expects to reach an agreement to collect them from the China-based...
Wednesday 30 November 2016
LeEco to downsize personnel by 10%, say reports
China-based over the top (OTT) operator and smartphone and LCD TV vendor LeEco will reduce its personnel by 10% from 8,000 employees currently to 7,200 to cope with financial troubles,...
Thursday 24 November 2016
Financially-troubled LeEco begins payment for accounts receivable, says Compal
Compal Electronics, in response to media reports that its client LeEco has run into financial difficulties, has disclosed it has already started receiving payments from the China...
Tuesday 22 November 2016
Coolpad warns of heavy losses for 2016
China-based smartphone vendor Coolpad has warned that it expects to post a net loss of HK$3 billion (US$387.09 million) for 2016, a significant retreat from a net profit of HK$2.325...
Friday 21 October 2016
LeEco enters US market
China-based LeEco has announced it will enter the US market with products including LCD TVs, smartphones, virtual reality products, cars and bicycles and the company's entry is expected...
Thursday 22 September 2016
China market: LeEco launches new smartphone
China-based LCD TV and smartphone vendor LeEco has launched its new Le Pro 3 smartphone and with the device, the company is expected to ship over 15 million smartphones in 2016, according...
Monday 19 September 2016
China market: LeEco set to launch new smartphone on September 21
China-based LCD TV and smartphone vendor LeEco is set to release a new smartphone on a product event in Beijing on September 21, according to media reports in China. The vendor is...
Monday 8 August 2016
Digitimes Research: LeEco acquires Vizio, Samsung Electronics poised to offer QLED TVs
China-based OTT (over the top) operator LeEco will acquire a 100% stake in US-based LCD TV vendor Vizio in a bid to rank among the globally five largest LCD TV vendors, while Samsung...
Tuesday 26 July 2016
HTC to face increasing competition in VR market in 2H16
HTC is expected to face increasing competition from other brand vendors in the VR (virtual reality) market in the second half of 2016 as VR or AR (augmented reality) devices appear...
Monday 25 July 2016
Vendors to launch smartphones supporting biometrics recognition
Smartphone brands have been gearing up efforts to develop biometrics recognition technology, aiming to ramp up their market share with high-end models featured biometrics functionality,...
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