China’s Truly Electronics Acquires 2.3% Of LeEco’s Smart TV Unit For $104M

Login to View

Chinese electronics firm Truly Electronics has agreed to acquire a 2.3% stake in LeEco Zhixin Electronic Technology Co., Ltd, a smart TV unit under troubled Chinese technology firm LeEco, for RMB720 million (US$104 million), according to a company announcement.

China Money Network

Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech

Want to read this important story?

Access Over 11,000 stories and data posts over the past 8 years!

Register Now

Already have an account or paid subscription? Log in

China Money Network Subscription