LeEco gets new APAC President and secures US$600 million new funding
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Mr.
Mr. Gao has extensive experience in the technology industry. Before joining LeEco, Gao spent 17 years in
Gao currently heads LeEco’s VR and AR company as well as
On the financing front, LeEco has secured a US$600 million of funding from major Chinese institutional investors today. The first half of the funding will be transferred to LeEco within this November and will support LeEco Global and LeEco’s electric vehicle business.
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LeEco is undergoing a series of strategic and organizational upgrades as it enters the second phase of its strategy, where the focus shifted from aggressive expansion to positive and sustainable growth and acquisition of high-value user.
“Although there are doubts surrounding LeEco, true innovative entrepreneurs can see the investment value of LeEco and its enormous growth potential in the future,” said
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