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Cash-Deprived LeEco’s Global Finance Head Departs to Join Chinese e-Tailer JD.com

18 Apr IMG_20160608_124537_HDR-1024x647

By Anmol Sachdeva, The Tech Portal

LeEco, the Chinese upstart who has recently only been making headlines for its dearth of capital and the problems it is currently facing due to the same. Now, this is one of the most significant instances, which suggests that the company is now plagued with the issue of management exodus. (more…)

LeEco Discontinues Its EcoPass Video Service in the United States

18 Apr leeco

By Aditya Srivastava, The Tech Portal

LeEco continues to have a hard time in its United States undertakings. It’s US ventures have yet to establish themselves in the market and now it has confirmed that it is discontinuing its EcoPass content package service, (more…)

LeEco will not acquire Vizio, blames ‘regulatory headwinds’

14 Apr Capture-4-e1490866625345

By Mudit Mohilay, The Tech Portal

LeEco is pulling back from its original plans of acquiring US based TV maker Vizio. The Chinese electronic behemoth announced that regulatory headwinds had forced the two companies to scrap the deal. The decision was mutual and the two will instead explore partnerships focused upon content and its distribution. (more…)

Foreign Competitors Set Up Fabs in China and Compel Country’s Domestic Foundries to Expedite Their 28nm Production This Year, Says TrendForce

12 Apr shutterstock_243508198-624x416

United Semiconductor Xiamen (USCXM), China-based subsidiary of major foundry UMC, is reported to begin production on the 28nm technology licensed from its parent company this second quarter. (more…)

Xiaomi Is Actually the Indian Consumers’ Preferred Smartphone Upgrade Pick: Report

8 Apr xiaomi-mi-max-768x433

By Simran Agarwal, The Tech Portal

Only within a few years of its inception, Chinese hardware manufacturer, Xiaomi is giving a tough time to long established market players including Apple and Samsung in India. According to a report by Strategy Analytics, a technology-focused research firm, Xiaomi was ranked among the top three vendors in Q4 2016 and the top “next preferred” brand amid for Indian Android users looking to upgrade their devices in 2017. (more…)

Mobike and Tencent Join Hands to Enable Chinese Users to Lease Bikes Directly from WeChat

1 Apr mobike-1-768x504

By Anmol Sachdeva, The Tech Portal

To further bank upon the growing popularity of bike-hailing startups in China, Mobike has taken a significant step to further simplify access to its bikes to an even larger audience across the country. The company today announced that it has partnered with its leading investor Tencent to bring its smart-bike leasing services to China’s largest social networking platform WeChat. (more…)

China’s IC Industry to Embark on a Major Recruitment Drive This Year as to Prepare for the Operation of New Fabs in 2018, Says TrendForce

23 Mar shutterstock_188522612-624x416

TrendForce’s latest analysis on China’s semiconductor sector reveals that the country’s domestic IC manufacturers are affecting the movement of industry talents worldwide as they continue to aggressively headhunt for senior managers and engineers. The competition for human resource is becoming fiercer and will reach a critical point this year as numerous new fabs in China are scheduled to start production in the second half of 2018. (more…)

Cash-Deprived LeEco Is Planning to Sell Out Its Massive Silicon Valley Property

21 Mar IMG_20160608_124537_HDR-1024x647

By Anmol Sachdeva, The Tech Portal

After slashing off a major 85 percent of its workforce in India, Chinese phone maker LeEco is now taking its consolidation drive to the United States. The company is looking to sell its massive 49-acre property it purchased from Yahoo last year, as reported by Reuters. It is already said to be involved in advanced talks with a little-known development firm for the sale. (more…)

GeekPark ‘China Gathering’ Brings Chinese Tech Innovation to SXSW 2017

16 Mar GeekPark_SXSW

For the first time in its 31-year history, SXSW presented Chinese tech innovation with its partner from China to its Interactive session for 2017. (more…)

Chinese Online Retailer JD.com Spins Off Finance Business to Take on Alibaba’s Ant Financial

5 Mar jd-com-990x490

By Anmol Sachdeva, The Tech Portal

Adding fuel to its ongoing battle on the e-commerce front, Alibaba and its arch-nemesis JD.com are now gearing up to go against each other on the financial turf as well. The latter has just recently announced that it will spin-off its financial business, JD Finance, into an independent affiliate organization. It is following Alibaba’s lead to build its own financial identity in a highly competitive market such as China. (more…)