Categories: CoolpadLeEcoNews

LeEco becomes Coolpad’s largest shareholder

 LeEco has become the largest shareholder in Coolpad, another smartphone maker based in China, according to a press statement. Both LeEco and CoolPad have been selling smartphones in India as well. LeEco has purchased 11 per cent more shares of telecommunications equipment company Coolpad, becoming its largest shareholder.

LeEco bought the shares from Data Dreamland, the former largest shareholder of Coolpad, for $135 million. After the transaction, LeEco holds a total 28.9 per cent of Coolpad’s shares and becomes the largest shareholder of China’s top four domestic mobile brand.


According to the company, the integration would help Coolpad’s products to align with LeEco’s ecosystem model — platform, content, terminal and application.

By this April, LeEco sold more than 10 million smartphones and its second-quarter single-month sales have exceeded two million units. The company said this number is expected to be over three million in the third quarter.

This link-up would also allow the LeEco’s ecosystem model to integrate with Coolpad’s near-billion intelligent terminals within a very short time helping the company boost its sales in North America, Europe, Asia and Africa.



LeEco would also ingrain its ecosystem model into Coolpad’s smart devices, 50 per cent of which could be converted to LeEco’s ecosystem-based users.

Stay connected with us for more Tech News Facebook Twitter  Instagram YouTube Subscribe by Email

Recent Posts

Moto G86 Power vs OPPO K13

Motorola has launched the Moto G86 Power 5G smartphone with 6720mAh Battery. Check out price,specs,…

21 hours ago

Moto G86 Power 5G with 6720mAh battery launched in India for Rs 17,999

Motorola has launched Moto G86 Power 5G smartphone in the G Series. Moto G86 Power…

21 hours ago

iQOO Z10R vs Realme Narzo 80 Pro

iQOO has launched iQOO Z10R smartphone with a 32MP Front Camera.Check out price, Specs, features…

2 days ago

Redmi Note 14 SE 5G Launched in India for Rs 14,999

Redmi has launched the Redmi Note 14 SE 5G(MZB0LLYIN) smartphone in India. Redmi Note 14…

3 days ago

Vivo T4 Lite Review (iQOO Z10 Lite)

Vivo launched the Vivo T4 Lite 5G smartphone in India, featuring a 6000mAh Battery and priced…

3 days ago

Realme 15 vs OnePlus Nord CE5

Realme has launched Realme 15 5G in India with 7000mAh Battery. Check out price,specs, features…

5 days ago