LeEco – the Chinese biz that said it'll topple US tech giants – has already hit the rocks

Less than a month ago, Chinese media and electronics firm LeEco made its glitzy launch into the US market. However, its founder Jia Yueting has just told staff that the firm is in trouble. Back then LeEco (pronounced Le Echo) promised a smartphone better in spec to Google's Pixel or Apple's iPhone but costing half as much; a $ …

[Lars]

That's life

So far, it seems May is still looking to carry on its UK expansion. But the government might have to hold back its ambitions for fear of trying to bite off more than it can chew.

[Youngone]

Wow

So a month ago they were going to give us everything we wanted at half the price?

The Chinese are so much better than those lazy Westerners. They can even run the company in to the dirt quicker.

[Anonymous Coward]

Re: Wow

Offering stuff at half price is easy if you don't care you're losing money on them!

[defiler]

Re: Wow

But they'll make it up on volume!

[Fungus Bob]

Re: Wow

"The Chinese are so much better than those lazy Westerners. They can even run the company in to the dirt quicker."

They can even make critical infrastructure collapse quicker. It takes them mere months to make a bridge collapse while it took nearly 40 years for the I35 bridge to collapse.

http://www.nytimes.com/2012/08/25/world/asia/collapse-of-new-bridge-underscores-chinas-infrastructure-concerns.html

[Kernel]

And this time 007, bring it back in one piece!

"The electric bike, powered by Android, looked needlessly complicated and oddly specced (rearward-facing twin lasers....)"

Gone are the glory days when field agents didn't have to worry about business plans, budgets and which cost centre it should all be charged to.

[allthecoolshortnamesweretaken]

Re: And this time 007, bring it back in one piece!

You have no idea about the amount of wear and tear that goes on in the field, Q.

[Muckminded]

Hello Goodbye

I guess LeEco will be the sound you hear in the hallways at their headquarters when the other shoe drops. Maybe their focus on "technology" was too broad for an upstart company.

[whoseyourdaddy]

Eh, the IIHS hasn't driven their car into a wall at 45 mph yet. Might want to stick to phones.

[frank ly]

"The electric bike, powered by Android, "

Does the Android phone have a very big battery? It's not supplied by Samsung is it?

[waldo kitty]

they didn't say "android phone"... they said "android"... android is a mobile operating system ;)

https://www.android.com/

https://en.wikipedia.org/wiki/Android_(operating_system)

[frank ly]

Ok, does the Android have a big battery? It'll need a big battery if it's going to power an electric bike.