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Chinese Giant LeEco Buys Vizio For $2 Billion, Gets Instant Foothold In US Market (phonedog.com)
Chinese electronics conglomerate LeEco is purchasing American TV manufacturer Vizio for $2 billion, the company announced at a press conference in China on Tuesday. The announcement effectively gives LeEco, formerly known as LeTV, an instant foothold in the U.S. television market. For a refresh, for those who haven't heard much about LeEco, it's one of China's biggest electronics companies. Founded in 2004, it offers a range of services including live-streaming, e-commerce, cloud, smartphones, TV set-top boxes, and smart TVs among many other products and services. One of the recent areas where it has invested its time on is an electric car, which we talked about here a few weeks ago. From a report: Vizio is primarily known for its televisions, like the P-Series sets that we recently unboxed, but they've also dipped their toes into Android. For example, Vizio released a 10-inch tablet a few years ago, and the aforementioned P-Series TV set ships with a 6-inch Android tablet that you use as a remote. Once Vizio is acquired by LeEco, it'll be operated as an independent subsidiary and the current management will remain in California. LeEco CEO Jia Yueting commented on the deal, saying, "We hope that we can use the ecosystem model and create a great integration between Vizio and LeEco and create new values for U.S. users."Having talked to the executives of LeEco in the past few months, I understand that the company intends to bring its products to the American market before its rival Xiaomi does. Xiaomi also intends to bring its smartphones and TVs to the U.S. and European market, but is currently dealing with different regulations.
Why wouldn't they spend a trillion trillion NOTHINGS to buy the whole country?
Thank your local CIA branch today for this 9/11 conclusion.
Soviet Union, Argentina, Venezuela... etc. Women turn prostitute to eat. Remember that.
Goodbye last good source of TVs.
I thought that was a Chinese brand.
Now pull the other one.
Vote trump to get that!
Forget LeEco who the heck is Vizio? I didn't know there were any American TV manufacturers.
Well your anecdote is interesting, but it's also fairly irrelevant on several levels.
1. I have an anecdote too. There are presently 3 Vizio TVs in my home, 36"1080p 6Yrs., 47"1080p 7Yrs., 70" 4K 2Yrs. They all work perfectly. They all have EXCEPTIONAL pictures and dynamic contrast levels, especially for their bargain price. None have given any trouble at all. The case of the 70" does occasionally make a popping noise(unobtrusive unless muted) due to heat expansion when changing from a brightly lit display to a dark or all black picture. Though I'm not sure why because it doesn't do this when you switch it off and the screen suddenly goes dark.
2. I gave each of my two kids 36" 1080p, 5 years ago. They're both still working perfectly and looking great. That's 5 Vizio TVs from 6 to two years old, all working great!
3. Vizio may have been an American (marketing) company, but the TVs were made by someone else in China. Now it seems likely that they will be made by LeEco so, all prior build and quality considerations will now have to be reset.
Looking "Forward", I hope my kids learn Mandarin or something
They seem to be getting the hang of capitalism.
My ism, it's full of beliefs.
It had the shortest life of any TV I ever owned and I am very old and have owned many.
I wont be buying another.
Really fuck Communism.
There's a bunch of cheap LCD panel vendors on Newegg or Amazon, all with similar fonts and packaging. They're all crap.
Hint: if there's a 40" LCD for $100, it's a cheap piece of chinese crap.