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SMARTPHONES: LeEco Mobile Chief Leaves, Ending Jia Era 阳歌 08月28日 财新传媒英文部编辑: Bottom line: The rumored departure of LeEco's mobile chief is likely to be followed by the official closure of its smartphone division and sale of its Coolpad stake by the end of October.
LeEco mobile head reportedly resigns
As we approach the first anniversary of the crisis that has seen the rapid demise of LeEco (Shenzhen: 300104), the latest headlines are hinting at the imminent unraveling of the former video superstar's smartphone business. The headlines I'm referring to say the CEO of LeEco's mobile division, who has the very un-Chinese looking name of......

VIDEO: LeEco Moves on With Founder Jia’s Resignation 阳歌 07月07日 财新传媒英文部编辑: Bottom line: LeEco is likely to spin off its new energy car unit by the end of the year following the departure of founder Jia Yueting from the listed company, while it could also close its smartphone division.
LeEco set to spin off car unit?
In what looks like a major turning point for the foundering LeEco (Shenzhen: 300104), the company's charismatic but embattled founder has relinquished his role as chairman at the publicly listed firm. This particular news came out just as people were leaving home for work last night, so it's still not completely clear on what ......

INTERNET: Crisis Grows for LeEco’s Coolpad, Yidao 阳歌 06月01日 财新传媒英文部编辑: Bottom line: Ongoing crises being faced by LeEco-backed Yidao and Coolpad are likely to deepen in the month ahead, as each company gets abandoned by its major stakeholder and is forced to grapple with rapidly deteriorating business.
Coolpad releases preliminary 2016 results
Two companies snapped up by former online video superstar LeEco (Shenzhen: 300104) are in the crisis headlines this morning, with smartphone maker Coolpad (HKEx: 2369) and car services operator Yidao both driving rapidly towards financial collapse. The first headline has Coolpad......

SMARTPHONES: Coolpad Losses Balloon, No Help in Sight 阳歌 04月24日 财新传媒英文部编辑: Bottom line: Money-losing Coolpad is likely to get sold before the end of this year to raise cash for controlling stakeholder LeEco, or could end up getting shut down if no buyer comes forward.
Coolpad to post big H1 loss
It's a new week, and that means new chances to write about the struggles of companies in the orbit of fast-fading former video superstar LeEco (Shenzhen: 300104). Last week the company's majority owned Yidao private car services was in the headlines, amid a he-said-she-said spat over 1.3 billion yuan ($189 million) in funds that Yid......

INTERNET: Yidao Talks IPO, in Break with LeEco 阳歌 03月14日 财新传媒英文部编辑: Bottom line: Yidao's announcement of plans for an IPO hint at a looming sale of the company by controlling stakeholder LeEco, which could be mulling sales of other recently purchased assets in a bid to ease its cash-crunch.
Yidao prepares for IPO
What do you do when you're running low on cash? The answer is obvious for private car services firm Yidao: make an IPO. That would normally seem like a relatively smart and logical choice for most up-and-coming companies, but Yidao isn't quite one of those. For starters, the company operates in an extremely competitive......

SMARTPHONES: Qihoo Calls Early on 2017 with Smartphone Buy 阳歌 12月13日 财新传媒英文部编辑: Bottom line: Qihoo's latest smartphones foray with its purchase of the obscure Blephone reflects the tenacity of founder Zhou Hongyi, but will quickly end in failure due to a late arrival and intense competition in the space.
Qihoo dives back into smartphones with Blephone
Security software maker Qihoo 360 just doesn't change its mind when opinionated CEO Zhou Hongyi sets his sights on something. After a somewhat disastrous beginning to Zhou's foray into smartphones over the last 2 years, he's loudly proclaiming that 2017 will be the year of the ......

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SMARTPHONES: LeEco Mobile Chief Leaves, Ending Jia Era

VIDEO: LeEco Moves on With Founder Jia’s Resignation

INTERNET: Crisis Grows for LeEco’s Coolpad, Yidao

SMARTPHONES: Coolpad Losses Balloon, No Help in Sight

INTERNET: Yidao Talks IPO, in Break with LeEco

SMARTPHONES: Qihoo Calls Early on 2017 with Smartphone Buy

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