Le Eco is now ambitious to reach out to global market
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Right from a LED TV to smartphone and virtual reality goggles, Like other tech companies,
In China, LeEco sells its hardware at razor-thin margins. It derives profits from selling subscriptions to movies and television shows (some of it produced by LeEco), in addition to offering access to streamed sporting events, digital music and cloud storage.
The business model will be difficult to export to the US, since the company does not yet produce any original TV shows or movies targeted to American audiences. But the process is on. In September, LeEco recruited
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According to Bloomberg news, the company also has ambitions in
Alibaba, Tencent and
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