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The billionaire chairman of China’s LeEco
has admitted his technology empire is running out of cash
to sustain a headlong rush into businesses from electric cars to smartphones.
“Our fundraising ability isn’t strong,” Jia wrote. “The scale of our external fundraising had trouble satisfying the demands of our rapid expansion.”
original link:
https://www.bloomberg.com/news/articles/2016-11-07/troubled-chinese-billionaire-confesses-to-cash-crunch-at-leeco
Is
LeEco
really in trouble?
North American operations lead Brian Hui told the audience at TechCrunch Beijing today
that things aren’t as dire as the letter made them seem. “If you read the letter, it’s not about whether it’s sustainable or not sustainable,”
Hui said of LeEco’s growth. “It’s not about running out of money. It’s how you can spend your money wisely…
Hui also addressed rumors that suppliers for LeEco’s smartphone business had not been paid,
saying that LeEco was not carrying debt to its suppliers. “We will always want to sustain our trust,” he said.
“We still maintain a very good relationship with them.” During the U.S. launch of its smartphone two weeks ago,
LeEco says all of the phones sold in a little over four hours but declined to say exactly how many units were sold.
original link:
https://techcrunch.com/2016/11/07/is-leeco-really-in-trouble/
Related
Wow, look at that:--
Samsung confirmed it will sue Apple immediately if it releases an LTE device. This seems directed squarely at the new iPhone as currently the iPad does sell with LTE on board. Obviously, this legal case is just a start of a huge change, not the end of anything.
Considering Apple iPhone 5 is almost certain to come with LTE on board, let's see what happens.
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Samsung will sue Apple immediately if they release an LTE device
android_master said:
Wow, look at that:--
Samsung confirmed it will sue Apple immediately if it releases an LTE device. This seems directed squarely at the new iPhone as currently the iPad does sell with LTE on board. Obviously, this legal case is just a start of a huge change, not the end of anything.
Considering Apple iPhone 5 is almost certain to come with LTE on board, let's see what happens.
Samsung will sue Apple immediately if they release an LTE device
Click to expand...
Click to collapse
Interesting, but it all depends where the patents are valid. In California they ruled in Apple's favour and fined them a billion dollars; in Korea they were seeking damages of only sixpence and a can of baked beans...
Not pertinent to the GT-I9100
Closed
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The Lenovo NBD new glass C100 is one of the most hyped wearable smart gears in China. As Google Glass failed to make its way into the Chinese market due to the PRC’s ban on all of Google’s internet services, many local manufacturers have been trying to create the Chinese version of this cutting-edge device, but it was Lenovo’s NBD (New Business Development) Platform that made it possible. Channeling the resources of the world’s largest computer manufacture, NBD successfully released two models of smart glasses tailored-made for Chinese users.
While the Lenovo NBD VUZIX M100, with a price tag of $1300, is mainly designed for business users, the new glass is more marketed as a consumer product. Although Lenovo hasn’t revealed the price of this device yet, there is reason to estimate an initial price tag of under $800.
Lenovo NBD has sent out the test hardware to only a limited number of testers, and the one unit for me just arrived. I have been writing reviews about this device and, anyone interested could read my reviews here on XDA forum.
First look: Lenovo NBD new glass unboxing and first impressions
http://forum.xda-developers.com/android/general/look-lenovo-nbd-glass-unboxing-t3151450
Things you should know about the Lenovo NBD new glass
http://forum.xda-developers.com/android/general/lenovo-nbd-glass-t3152953
More reviews on hardware, software and camera will be updated when they are done.
--
The biggest shopping bonanza is here, buy a #SuperPhone and get 5% cashback on all credit and debit cards, exchange discount up to Rs. 10,000/- on Le 1s and Rs. 21,000/- on Le Max. One lucky winner will take home a brand new Mahindra KUV 100.
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The global Internet company is gearing up for another "LeEco Day" shopping carnival! To be held on April 7th and 8th, LeEco says that they have some mega offers lined up for buyers.
According to the company, the tremendous response from SuperFans encouraged them to celebrate another LeEco Day carnival with more offers for fans. The sale will be hosted on Flipkart, making it one of the biggest ever smartphone shopping sales on the platform.
LeEco Day has endeared itself to consumers, giving proof of the growing popularity of the company’s ecosystem-based SuperPhones. These carnival-style sales events replicate the hugely popular brand property that the company owns globally.
For the upcoming "LeEco Day", flagship-killer Le 1s and the "big and bold" Le Max will be available on Flipkart with exciting gifts and exchange offers. Its time for some shopping, so prepare yourself for the biggest sale event! And, as always, LeEco has more surprises in stock. Stay tuned!
For more details visit the link http://j.mp/FK-LeEcoDay
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Trump said he would allow American companies to sell to Chinese company Huawei, which the U.S. Commerce Department blacklisted last month. "We'll continue to sell," President Trump said. And we heard that the new flagship HONOR 20 Pro is now Google Play certified.
The latest development in the Huawei trade ban saga comes directly from the ongoing G20 summit wherein US President Donald Trump announced that “U.S. companies can sell their equipment to Huawei”. This is a major reprieve to Huawei, which was suffering from the political tensions between USA and China.
“U.S. companies can sell their equipment to Huawei. We’re talking about equipment where there’s no great national security problem with it. I said that’s O.K., that we will keep selling that product, these are American companies that make these products. That’s very complex, by the way. I’ve agreed to allow them to continue to sell that product so that American companies will continue.”
Mr. Donald Trump, President, USA
https://www.xda-developers.com/huawei-trade-ban-relief/
With the Honor 20 Pro being released, I wonder if many people will buy it. The future of the phone (Android updates ect.) seems uncertain.
I had a question regarding a head unit from Joying but they told me that they are not responsible.
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They provided not even a hint to help me. Because you are too lazy? Because this company just sells cheap products without quality just made to earn money? Products to throw away and to pollute our environment and make our nature worse? Every company is responsible for their products in any way!
I don't understand how they can sell something and don't stand behind their products.
Joying forgets that's happy customers are the buyers from tomorrow.
Perhaps list;
- who installed the unit.
- How was the wiring validated as correct
- The issue you are experiencing
- when the issue started
- What steps have been taken technically and support wise to resolve the issue
- The MCU type/number of the unit
- where the unit was purchased from - is this the same reseller you purchased from? There are multiple "joying" resellers of Joyous factory units.
I just had a simple question regarding rearview camera and the producer of a device should provide an answer like this:
"You can try this and that" or just an answer like "unfortunately that not possible but hey, have a look on our new products <link>".
And not starting to talk about company principles and find stupid reasons just because they are too lazy to give an answer.
Typical Chinese customer service
TheDarkKnight1 said:
Typical Chinese customer service
Click to expand...
Click to collapse
True!