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SMARTPHONES: Struggling Coolpad Sees Moneybags in Xiaomi Doug Young 05月09日 财新传媒英文部编辑: Bottom line: Xiaomi is likely to quietly settle a copyright infringement lawsuit against it by Coolpad, which is opportunistically looking for some hush money before Xiaomi's IPO and can't afford a long drawn-out court battle.
In a move that smells of desperation, down-and-out smartphone maker Coolpad (HKEx: 2369) has filed a lawsuit against the up-and-coming Xiaomi. Anyone with half a brain will know the timing of this lawsuit looks quite suspicious, since Xiaomi is getting ready to make what could be this year's biggest IPO in the next month or so, likely to raise up to $20 ......

SMARTPHONES: LeEco Sells Down Coolpad Stake Doug Young 01月08日 财新传媒英文部编辑: Bottom line: LeEco's sell-down of its Coolpad stake is a prelude to disposal of the remainder, and could presage a sale of Coolpad to another smartphone maker later this year.
LeEco sells down Coolpad stake
The unraveling of former online video superstar LeEco (Shenzhen: 300104) continues as we head into the new week, with word the company has sold off a significant chunk of its stake in struggling smartphone maker Coolpad (HKEx: 2369) for a fraction of what it paid. This particular news is significant for a number of reasons, only one of which involves ......

SMARTPHONES: Coolpad Finds New Suitor, As LeEco Retreats Doug Young 10月19日 财新传媒英文部编辑: Bottom line: LeEco is likely to sell its stake in Coolpad in the next six months, and new investor Centralcon could emerge as the buyer with a goal of trying to turn the company around.
Coolpad finds new suitor
A potential white knight has stepped forward to provide some funds for struggling smartphone maker Coolpad (HKEx: 2369), in a fresh sign that controlling stakeholder LeEco (Shenzhen: 300104) may be preparing to dump the company as part of its protracted reorganization. The amount of the fund-raising is relatively small at HK$582 million ($75 million),......

SMARTPHONES: LeEco Mobile Chief Leaves, Ending Jia Era Doug Young 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 Doug Young 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 Doug Young 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 Doug Young 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 Doug Young 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 Doug Young 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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