LeEco fires 85% staff of Indian unit, may exit India

[MAGNeT]

In November, Jia Yueting had written an email to employees saying the firm had burnt cash too quickly as it expanded into businesses ranging from smartphones to driverless cars. The founder had acknowledged its global expansion strategy went too far in the face of limited capital and resources and that it would cut costs and realise efficiencies

http://economictimes.indiatimes.com...staff-may-exit-india/articleshow/57438429.cms

 

[vivek.krishnan]

Lets see if they help their employees to relocate their jobs and offer compensation. There is a thread started for this...

 

[6pack]

Short lived entry in India. Isn't it weird they're leaving India? Maybe they had too much expectations from people here and did not like the result.
I wonder how many phones they sold here.

 

[RakaKaKaka]

wasted money in ipl ads and all when the product itself was not that good. good riddance

 

[swatkats]

Anyway, Its not winding up.

However, in a clarifiation to Moneycontrol, the company said, in view of future plans lined up for India, it is not 'in wind-up mode.' "The company is gearing up for the launch of its next generation TV scheduled the coming week. Premium models of smartphones too are to follow. LeEco television and smartphone business continues in India and has gained significant market recognition," said a company note.

Read more at: http://www.moneycontrol.com/news/business/chinas-leeco-clarifies-its-notwind-up-mode_8588501.html


Name itself is odd like LeGuka. I never liked this company and its products from starting.

 

[Soyab0007]

Anyway, Its not winding up.



Read more at: http://www.moneycontrol.com/news/business/chinas-leeco-clarifies-its-notwind-up-mode_8588501.html


Name itself is odd like LeGuka. I never liked this company and its products from starting.

i am using LE1s from past 1 year... and they are having top notch quality products at very reasonable price...

they are the only ones, who are giving tough competition to Xiaomi

 

[ankushv]

I have 2 le eco le2 . Silver and gold . Both have top notch build quality and working great .

 

[NotMyRealName]

Name itself is odd like LeGuka...

I swear i read that as LeGutka...

 

[letmein]

I swear i read that as LeGutka...

What's LeGuka?

 

[thrift]

What's LeGuka?

"Take ,eat sh*t"

 

[toocool6600]

i am using LE1s from past 1 year... and they are having top notch quality products at very reasonable price...

they are the only ones, who are giving tough competition to Xiaomi

Really top notch?

 

[vivek.krishnan]

Having used the phones in office, they are good, but rather than running after Xiaomi, take it one notch up with stock android, and add your apps. MIUI is a big steaming pile of :dung:

 

[adventureguy]

^ MIUI is okay for me added a android N theme, installed google launcher and I sometime forget I run MIUI and not stock android

 

[swatkats]

I am not a big admirer of Chinese Mobile brands Except OnePlus and Xiaomi. None of the brands were able to impress me actually. Not even Lenovo.

As for look and feel, I didn't find any difference between Coolpad and LeGuKa Phones WRT build quality.

 

[swatkats]

OT:

Also if number "4" is considered bad omen in China. How the hell did Mi Note 4 become a big hit.
Superstitious Fools.


http://www.business-standard.com/ar...ere-is-everything-we-know-117030300308_1.html

 

[Crazy_Eddy]

LeEco co-founder's assets frozen : https://www.engadget.com/2017/07/04/leecos-assets-frozen-by-chinese-court-as-debts-mount/

In a funny development, 'social media influencers' have been trending #LeEcocheatingIndians because LeEco hasn't paid them for cheating fellow Indians

 

[Mr.J]

I am not a big admirer of Chinese Mobile brands Except OnePlus and Xiaomi. None of the brands were able to impress me actually. Not even Lenovo.

Xiaomi cheapens out on off the specsheet stuff in my experience.
Anyway, what's your opinion on OP5 reverse display?

 

[swatkats]

Xiaomi cheapens out on off the specsheet stuff in my experience.
Anyway, what's your opinion on OP5 reverse display?

Should have checked OP5 threads created by me!

 

[Mr.J]

Should have checked OP5 threads created by me!

Found it. Nice thread.

 

[adventureguy]

Xiaomi cheapens out on off the specsheet stuff in my experience.
Anyway, what's your opinion on OP5 reverse display?

Nah, xiaomi infact crams a lot of sensors in its phones which other manufacturers ignore, especially by samsung in its budget phones