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Compal Invests 700 Million Yuan in LeEco’s Leshi Zhixin

by Martin 14

Taiwanese company Compal Electronics, one of LeEco’s suppliers, has announced that it has bought a 700 million Yuan stake in Leshi Internet Information and Technology Corp., one of LeEco’s subsidiaries.

The investment will give Compal Electronics a 2.15 percent stake in Leshi Zhixin, a company known for their smart Internet TVs and other video products and services, and will give LeEco some much needed income to help with its recent financial troubles.

Compal is also one of the companies that LeEco still owes money to but according to a LeEco spokesperson, the two things are separate and the companies have already previously settles on a repayment schedule for the debt.

RELATED: LeEco Lays Off 85% of Employees in India

While it’s rare and unusual that a supplier invests into one of its clients, this isn’t the first time one of LeEco’s suppliers has invested in Leshi. Just last month, Truly International invested 720 million Yuan in the subsidiary.

(source)

 

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  • Muhammad Yasir

    THANK GOD !

    • Prince Tom

      Yea, you can say that again. It’s really affecting us. Leeco = competition

    • AbdulB1

      Do u know anything about LeEco being sold in Pakistan?? I heard the quality is not so good about them from international forums.

      • Muhammad Yasir

        Le cool dual was rated as one of the finest camera phones by device specifications . com
        and those guys NEVER ever do subjective reviews

        see for yourself

        • AbdulB1

          i want to know abt le max 2

          • Muhammad Yasir

            reviews are good but i;m not sure on the camera … you should look at reviews from trusted websites

          • AbdulB1

            I see price around 179 dollars.

          • Muhammad Yasir

            buy in Pakistan instead

            docs . google .com/forms/d/e/1FAIpQLSepQ0Gb77gwDwjt0HB-yqvYtQLHAqp7pDAMkmUoP_DVuB8Lag/viewform

          • AbdulB1

            thats not for le max 2. homeshoppin is also selling this phone at 17k I think

          • Muhammad Yasir

            are u sure ? why is that ? i thought this was the real deal

            but 17k is FANTASTIC price … go for it if you’re sated with the reviews !

          • AbdulB1

            the one u were telling me not le max 2

          • Muhammad Yasir

            kindly post the link again ….

          • AbdulB1

            Home shopping per try karlo

          • Muhammad Yasir

            ok

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