On August 3, foreign media reported that Chinese company LeEco (LeTV) has jumped to third place in the world television market this year and will become a new competitor to Samsung Electronics and LG Electronics.
Korean Korea Daily News website reported on August 2 that market research agency Trend Force said on the 1st, “China’s LeEco will produce 14.57 million LCD TVs this year and become the third largest TV manufacturer in the world after Samsung Electronics and LG Electronics.â€
As of last year, LeEco did not enter the top five. At the end of July, LeEco increased its production volume by purchasing US Vizio for US$2 billion. This year it is expected to exceed Chinese companies such as Hisense, TCL and Sony of Japan.
According to reports, the electronics industry believes that LeEco’s acquisition of Vizio will pose a huge threat to South Korea’s Samsung and LG. Because LeEco will actively dominate the North American market dominated by Samsung and LG, focusing on the strong Vizio brand in North American low-cost TV market.
According to reports, although LeEco has no reputation in the TV market, it is well-known in China. Because LeEco was founded by Jia Yueting, known as "China's Elon Musk." Just like Elon Musk, who founded electric car company Tesla after earning money through the electronic payment company Paypal, Jia Yueting also made a lot of money through LeEco and established the electric car company Faraday Future in the United States. Faraday’s launch of an electric vehicle prototype with a top speed of 320 km/h earlier this year will be Tesla’s strong competitor.
LeEco started as a video service company and is currently expanding its business area to TVs and smartphones. Jia Yueting changed the company's name from "LeTV" to "LeEco" earlier this year, meaning the construction of an eco-system including various IT technologies. Jia Yueting expressed that "will continue to introduce innovative products that break the boundaries of industry."
Caption: July 26, Los Angeles, USA, LeTV founder, CEO Jia Yueting (left) and Vizio founder, CEO Wang Wei (right) shook hands at the conference. On the same day, Levision’s subsidiary, LeTV, held a press conference in Los Angeles to announce that it had acquired Vizio, the largest TV manufacturer in the United States, for US$2 billion. Vizio was founded in 2002. In the first nine months of last year, the company had sales of about 2.2 billion U.S. dollars and profits of 44.3 million U.S. dollars. (From Xinhua News Agency)
Smart TV/box information can focus on smart TV information network sofa butler (http://), China's influential TV box and smart TV website, providing information, communication, TV boxes, smart TVs, smart TV software, etc. Answering questions.
Korean Korea Daily News website reported on August 2 that market research agency Trend Force said on the 1st, “China’s LeEco will produce 14.57 million LCD TVs this year and become the third largest TV manufacturer in the world after Samsung Electronics and LG Electronics.â€
As of last year, LeEco did not enter the top five. At the end of July, LeEco increased its production volume by purchasing US Vizio for US$2 billion. This year it is expected to exceed Chinese companies such as Hisense, TCL and Sony of Japan.
According to reports, the electronics industry believes that LeEco’s acquisition of Vizio will pose a huge threat to South Korea’s Samsung and LG. Because LeEco will actively dominate the North American market dominated by Samsung and LG, focusing on the strong Vizio brand in North American low-cost TV market.
According to reports, although LeEco has no reputation in the TV market, it is well-known in China. Because LeEco was founded by Jia Yueting, known as "China's Elon Musk." Just like Elon Musk, who founded electric car company Tesla after earning money through the electronic payment company Paypal, Jia Yueting also made a lot of money through LeEco and established the electric car company Faraday Future in the United States. Faraday’s launch of an electric vehicle prototype with a top speed of 320 km/h earlier this year will be Tesla’s strong competitor.
LeEco started as a video service company and is currently expanding its business area to TVs and smartphones. Jia Yueting changed the company's name from "LeTV" to "LeEco" earlier this year, meaning the construction of an eco-system including various IT technologies. Jia Yueting expressed that "will continue to introduce innovative products that break the boundaries of industry."
Smart TV/box information can focus on smart TV information network sofa butler (http://), China's influential TV box and smart TV website, providing information, communication, TV boxes, smart TVs, smart TV software, etc. Answering questions.
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