China Tech News — JD and Letv signed a strategic cooperation agreement under which JD.com aims to sell six million Letv smartphones, including three million Le 2 smartphones. Meanwhile, the two parties reached consensus in various sectors, including exclusive sales, product debuts, and policy support. Financial teerms of the deal were not released.
Digi Times — China Unicom has cooperated with several China-based IT players including Huawei, LeTV and Mango TV, a multimedia content subsidiary of Hunan Broadcasting System, to establish an Ultra HD alliance, looking to push Ultra HD content and products, according to a report fromsina.com. In addition to products and content, the alliance will also focus on enhancing China’s Internet speed and help reduce the fee consumers pay to access Internet.
Digi Times — Qualcomm is likely to dominate the application processor market for high-end Android smartphones in the first half of 2016, powered by its Snapdragon 820 chips, according to industry sources. Qualcomm has been promoting its Snapdragon 820 chips since the second half of 2015 and has won adoption from Samsung Electronics, LG Electronics, Sony Mobile Communications, HTC and China-based vendors Xiaomi Technology, Vivo and LeTV, the sources indicated.
China Tech News — China’s Letv and the luxury British sports car manufacturer Aston Martin signed an electric car joint venture MOU in Frankfurt, Germany. With each party holdsing a 50% stake, Letv and Aston Martin will work together in manufacturing and engineering. William Ding, co-founder of Letv’s car division, revealed that apart from the substantial capital cooperation, the two parties will also enhance their cooperation in technology, engineering, and service sectors.
Digi Times — Some suppliers in Taiwan’s handset supply chain are benefiting from strong smartphone sales of China-based channeled-TV operator LeTV. LeTV is expected to be able to ship 20 million smartphones in the China market in 2016, beating established brands such as ZTE and Coolpad, according to industry sources.
China Tech News — Chinese Internet video provider Letv announced its entry into the Indian market and the company will start selling its Le Max and Le 1s smartphones in this marketplace. In addition, Letv announced the appointment of Atul Jain, former senior vice president of Samsung, as Letv’s chief operating officer in India.
Chinese online video-streaming giant Letv has set out on an ambitious plan to build up its hardware capabilities and content portfolio in separate deals with Hong Kong-listed companies TCL Multimedia Technology and Digital Domain Holdings. Letv has agreed to acquire 20 per cent of TCL Multimedia for HK$2.27 billion (US$293 million), making it the second-largest shareholder of one of the world’s largest television manufacturers.
Times of India — NEW DELHI: Letv, the internet conglomerate is ready for its entry into the Indian market. It is reportedly planning to launch ‘Le Super TV’ in the country. The range of televisions from the company come with TV Operating System (OS) EUI. Le is expected to provide users in India access to its content library along with the TV App Store and cloud video streaming support.
India Times — BEIJING: Chinese internet and technology MNC Letv – which has just launched the world’s biggest 120″ tv – says it sees India as a “great internet power” in the coming years and that it would make its contribution to Indian Prime Minister Narendra Modi’s ‘Digital India’ mission.
Yibada — LeTV is set to make a gradual introduction of all its products that include smartphones, TVs and cloud computing to the Indian market in the first half of 2016, Jia Yueting, founder and CEO of LeTV Holdings Co. The company is planning to establish another 200 nodes in India and open cloud platform, user interface design as well as mobile application design to users and developers in India, Jia said.
Times of India — NEW DELHI: Chinese online video content service LeTV is gearing up to bring its lineup of smartphones to the Indian market. It appears the company is also working on a new smartphone that will be powered by a Qualcomm Snapdragon 820 processor and will come with 6GB of RAM.
China Tech News — Chinese Internet video group Letv signed an agreement with the municipal government of Chongqing and China Bridge Capital to build an industrial base in Chongqing. The cooperation will include cloud computing, big data, smart device manufacturing, and finance. Letv said the detailed investment amount will be disclosed soon.
CKGSB — Jack Ma’s mix of charm, drive and self-deprecation was on display as he addressed the Economic Club of New York in the Grand Ballroom of the Waldorf Astoria in early June. As club members tucked into a lunch of herb-stuffed chicken breast, mushroom risotto and baby zucchini, the Alibaba founder and Executive Chairman breezed through topics that ranged from his days as an English teacher back in 1988 in Hangzhou to the future of his e-commerce powerhouse.
China Tech News — Coolpad Group’s board of directors says it received a notice from controlling shareholder Data Dreamland, which sold an 18% stake in Coolpad to Letv’s subsidiary Leview Mobile HK Limited on June 27, 2015. Data Dreamland agreed to sell 780.38 million shares, which accounts for 18% of total issued equity of Coolpad, at the price of HKD3.508 per share.
Chinese online video streaming company Letv has teamed up with Nasdaq-listed haptic technology solution provider Immersion to allow viewers to watch four-dimensional (4D) videos on their smartphones. The 4D technology has been featured in selected cinemas to simulate effects such as rain, wind, lights and vibrations. When shown on smartphones, 4D videos seek to create an experience where viewers can feel bullets passing, racing cars coming to a grinding halt, a high-rise collapse, heart pounding, among other effects, by touching the screen.
In line with the trend for internet-based smartphone brands in China, video streaming website Letv staged a successful debut of its smartphone on May 19, shifting over 500,000 units, including 310,000 pre-order, according to Yicai.com, the website of Shanghai’s China Business News. “The scramble for our smartphones was beyond our expectations,” said Feng Xin, president of Letv Mobile, the smartphone arm of the company, admitting that demand has overstrained capacity.
HONG KONG, May 06, 2015 (PR Newswire Europe via COMTEX) — Letv Cloud Computing Co. Ltd., known as the No.1 video cloud computing brand and a neutral service provider, announced the launch of the worldwide VaaS (Video-as-a-Service) model in TV Connect event in London. In this Letv Cloud’s first global debut, it shows an upgraded and globalized version of VaaS model since it was invented in China in 2014. TV Connect, the world-leading event in the fields of OTT and IPTV, was held in London during April 28-30, 2015. Over 500 telecom operators, 200 exhibitors and about 8,500 professionals joined the event.
Late last week, executives from Xiaomi and LeTV butted heads on Weibo over LeTV’s claim that it has the first “borderless” smartphone. It started with Xiaomi CEO Lei Jun mocking the borderless claim since LeTV’s phone does have thin black screen borders. After a rebuttal from a LeTV executive, LeTV CEO and founder Jia Yueting chimed in with this apparent message of peace: “I hope Chinese companies can work hard together to overtake the iPhone hand-in-hand, push forward progress in the industry, and create greater value for consumers.”
Manufacturers in different industries are jumping into the smartphone business in China, resulting in fiercer competition and a less profitable market, reports the Beijing Morning Post. Over the past few months, several Chinese hardware and software makers alike, including 360 Security, LeTV, Gree Electric, Meitu, Datang and others, announced the launch of smartphones. The newcomers are carrying their brands from different industries hoping to make as much money as existing players.
Chinese video streaming site LeTV branched out into smartphones today with the launch of three models based at the high end of the market. At an event in Beijing, LeTV CEO Jia Yueting slammed phone makers as “arrogant” for charging consumers more than double what their phones cost to make. Apple came under fire in particular for offering what Jia called a “closed” software ecosystem allied with a business model that charges people well beyond what the iPhone 6 or iPhone 6 Plus cost in production.
China-based video network operator and LCD TV vendor LeTV is expected to step into the smartphone market by unveiling 2-3 smartphones during a product event in Beijing on April 14, according to sources familiar with the event. The smartphone offerings are likely to include its LeTV X900 and X600, targeting the high-end and mid-range segments, respectively, indicated the sources.
Chinese Internet company Letv.com formally announced in Hong Kong that they have established a music company. Yin Liang, core creator of Letv’s music business, was appointed chief executive officer of the new Letv music company; while Lei Zhenjian was appointed chairman. Lei said that Letv music is currently one of the largest platforms for music video content creation and 4K content in China. At the same time, it boasts being the only music video provider that covers PC, phone, tablet, and TV terminals.
BEIJING: China will punish Internet companies including Tencent Holdings Ltd , Youku Tudou Inc and Baidu Inc’s iQiyi for hosting videos suspected of containing violence and pornography, which it said causes juvenile delinquency. The offending material is primarily Japanese animation on the video streaming websites of Tencent, Youku Tudou, iQiyi, Sohu.com Inc and Leshi Internet Information & Technology Corp Beijing (LeTV) , the Ministry of Culture said on its website on Tuesday.
China’s LeTV is best known for its popular online streaming platform, but in the past year the company has really been branching out. Within that timeframe it has moved into smartphones, film production, and electric cars. Now it’s moving into the music business too, having on Thursday announced the establishment of the LeTV Music Company in Hong Kong. LeTV Music, which will be headed by former LeTV entertainment boss Yin Liang, is aiming for China’s music market by way of vertical integration, since it already has the technology and internet platforms to distribute smoothly to most of the country.
Chinese Internet video company Letv.com announced that they have established a new smart hardware development company named Leie. Leie will focus on the development of smart hardware to connect smartphones and smart TVs and establish a smart product ecosphere with content and applications focusing on health, entertainment, sports, and families.