久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Companies

Leshi TV unit gets new lease on life

By Fan Feifei | China Daily | Updated: 2018-04-20 11:13
Share
Share - WeChat
A visitor takes photographs of a smart television produced by LeEco at a high-tech exhibition in Beijing. [Photo by Quan Yajun/China Daily]

Tencent, JD, TCL and Suning invest $48m each in New Leshi Smart Home

Tencent Holdings Ltd, JD and TCL Corp are among the investors for New Leshi Smart Home, a television maker formerly known as the Leshi Zhixin Electronic Technology (Tianjin) Co Ltd, said the firm's controlling shareholder, Leshi Internet Information and Technology.

Affiliates of Tencent, JD, TCL and Suning Commerce Group Co Ltd have agreed to invest 300 million yuan ($48 million) each in Leshi's Tianjin unit, a smart TV manufacturer, Leshi said in a Shenzhen stock exchange filing on Wednesday.

The registered capital of the Tianjin unit will increase to 407.6 million yuan from 312.5 million yuan. Leshi's holding in New Leshi Smart Home will be diluted to 33.46 percent from 40.31 percent after the capital increase, but it will remain the biggest shareholder, according to the filing.

The firm's new investors-Tencent, JD, TCL and Suning - will each hold 2.56 percent stakes, the filing said.

Leshi believes the new funds will help with a capital shortage at New Leshi Smart Home and boost operations. This is not the first time for Chinese technology giants to rescue the debt-laden internet company. In March, Tencent partnered with Leshi, and allowed Leshi TV to distribute TV and video contents whose copyrights were owned by Tencent, and to share the membership and advertisement fees generated from the contents.

Industry insiders pointed out that the partnership may help Tencent to gain members from Leshi.

Earlier this month, Leshi announced New Leshi Smart Home plans to seek a funding both in cash and for debt of no more than 3 billion yuan, with the firm's valuation totaled 9 billion yuan.

"Introducing new investors will help inject new vitality for Leshi's smart TV business. Meanwhile, Leshi's right of speech in New Leshi Smart Home will be lowered greatly in the future," said Shen Meng, a director of boutique investment bank Chanson& Co.

Shen said Leshi has some value in TV design and manufacturing, and the new investors such as Tencent, JD and Suning have mastered abundant content resources, they need more terminal devices to broadcast their contents.

Leshi's parent firm LeEco started as a video-streaming service provider, akin to Netflix Inc, but grew rapidly into a tech heavyweight with a presence in smartphones, TVs, cloud computing, sports and electric cars. But it ran into a cash crunch in late 2016 after expanding too fast.

Leshi reported a net loss of $1.84 billion last year, a sharp drop of 2,192 percent compared with the previous year. It attributed its operational loss to the financial strain of related parties, liquidity issues and rising financing costs.

LeEco's founder Jia Yueting has resigned from all his positions at Leshi due to unpaid debts and the financial crisis, and is now focusing on LeE-co's automobile unit and struggling to raise capital to fund a US-based electric car startup Faraday Future.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日本一道免费一区二区三区 | 国产图片亚洲精品一区 | 日本免费观看的视频在线 | 国产美女精品一区二区三区 | 久草免费手机视频 | 久久福利资源站免费观看i 久久高清精品 | 美女张开腿给男人捅 | 国产成人精品系列在线观看 | 成人午夜大片免费看爽爽爽 | 精品国产视频在线观看 | 久久视频精品53在线观看 | ffee性xxⅹ另类老妇hd | 精品午夜久久网成年网 | 成人手机在线视频 | 精品一区二区三区视频在线观看 | 日本一区二区不卡久久入口 | 黄频漫画 | 久久精品视频在线观看 | 久久青草免费免费91线频观看 | 亚洲国产精品热久久2022 | 日本精品视频一区二区三区 | 天天夜夜久久 | 成 人 动漫在线观看网站网站 | 国产精品无圣光一区二区 | 在线亚洲黄色 | 亚洲欧美日本国产综合在线 | 亚洲一区二区影视 | avtt天堂网 手机资源 | 九九热视频在线免费观看 | 美女被免费视频网站a国产 美女被免费网站视频软件 美女被免费网站在线软件 美女被免费网站在线视频软件 | 成人欧美一级毛片免费观看 | 欧美大尺度免费一级特黄 | 18videosex性欧美69| 久久久久久久久综合 | 国产精品yjizz视频网一二区 | 亚洲天堂一区在线 | 欧美亚洲不卡 | 亚洲偷偷 | 国产成人免费视频精品一区二区 | 久久午夜国产片 | 久久综合给合久久狠狠狠97色69 |