Sat, Jun 24, 2017 | updated 02:15 PM IST

LeEco announces two major developments; hires new APAC President, secures USD 600 million funding

Updated: Nov 15, 2016 16:57 IST      
LeEco announces two major developments; hires new APAC President, secures USD 600 million funding

New Delhi [India], Nov 15 (ANI): Leading global internet and technology conglomerate LeEco announced two major developments on Tuesday after swiftly implementing its upgraded strategy as it appointed Anthony Gao (Gao Jun) as the new President LeEco APAC while receiving major financial support from investors.

Anthony Gao (Gao Jun) will assume the position of President of LeEco APAC, concurrently the Chief Executive Officer of LeEco Hong Kong.

Responsible for operational management and meeting various business targets, Gao will report directly to YT Jia, Founder and CEO of LeEco Global.

Before joining LeEco, Gao spent 17 years in Huawei in various senior executive positions including CEO of Huawei Device in China, President of Global Sales and Technical Service Department, and President of Global Strategy and Marketing Department.

He currently heads LeEco's VR and AR company as well as MFL (Made for LeEco), LeEco's initiative for open smart hardware ecosystem. His leadership in these businesses will remain.

In another development, LeEco announced securing a USD 600 million of funding from major Chinese institutional investors, where half of the funding will be transferred to LeEco within this November, and remaining will support its Global and electric vehicle business.

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 Co-Founder and Vice Chairman LeEco, Hank Liu Hong. (ANI)

New Delhi [India], June 23 (ANI): Global mobile technology company OnePlus on Thursday launched its most awaited flagship 'OnePlus 5' in India priced at Rs. 32,999 for the 6GB RAM and 64GB storage version and Rs. 37,999 for 88GB RAM and 128GB storage version.

Full Story >>

New Delhi [India], June 23 (ANI): Social media giant Facebook has finally set up its new 'Group Insights' feature to enable proper administration of groups administrators (admins) to hold a more stringent check of the content being posted online.

Full Story >>

Online banking users to reach 150 billion by 2020: Study

Updated: Jun 22, 2017 16:35 IST     

New Delhi [India], June 22 (ANI): With the ongoing digital drive in India, the number of users opting for online banking is expected to double to reach 150 million mark by 2020, from the current 45 million active urban online banking users in India, according to a report drafted by Facebook and The Boston Consulting Group (BCG).

Full Story >>

Video-calling made easier with Google Allo's latest update

Updated: Jun 22, 2017 14:46 IST     

New Delhi [India], June 22 (ANI): With the latest update on Allo messaging app, users can now make video calls using Google Duo, without going to the app itself!

Full Story >>

Instagram Stories now has 250m users, new 'replay' feature

Updated: Jun 21, 2017 17:38 IST     

New Delhi [India], June 21 (ANI): Commemorating its achievement of registering 250 million daily users on its 'Stories' feature, social media engagement platform Instagram on Wednesday announced an update to its 'Live Video' segment.

Full Story >>

HP Inc. introduces two new convertible notebooks

Updated: Jun 21, 2017 15:22 IST     

New Delhi [India], June 21 (ANI): Aiming to instill creativity among students, professionals and millennials, HP Inc. on Wednesday introduced two new convertible notebooks - HP Pavillion x360 and HP Spectre x360, enabled with Windows Ink capabilities.

Full Story >>

New Delhi [India], June 20 (ANI): In a bid to inspire art enthusiasts around the world to brush up their art knowledge and become art experts, Google has announced the latest updates on Search and Maps driving newer ways to experience artworks online.

Full Story >>

Hike launches wallet, UPI payments for quick transactions

Updated: Jun 20, 2017 17:32 IST     

New Delhi [India], June 20 (ANI): Home-grown messaging platform Hike Messenger on Tuesday launched the feature of 'Hike Wallet' on its all-new visually unique version Hike 5.0 to send and receive money in the most easiest manner.

Full Story >>

Waterloo [Ontario], June 20 (ANI): BlackBerry Limited on Tuesday announced productivity and security enhancements to its enterprise software platform designed to power the 'Enterprise of Things'.

Full Story >>

New Delhi [India], June 20 (ANI):The crippling financial implications of online banking security incidents have been brought to light by the latest Kaspersky Lab report into cyber security threats in the financial sector.

Full Story >>

New Delhi [India], June 19 (ANI): India's leading mobility solutions provider Avis India has announced the launch of its mobile app to enable Chauffeur Drive and Self Drive rentals in India.

Full Story >>

Google marks Father's Day through special doodle

Updated: Jun 18, 2017 08:10 IST     

New Delhi [India], June 18 (ANI): Google today is celebrating Father's Day 2017 dedicating an endearing doodle to all the fathers out there.

Full Story >>

Fujifilm launches Instax mini 9 cameras with selfie mirror

Updated: Jun 15, 2017 23:47 IST     

New Delhi [India], June 15 (ANI): Fujifilm India Pvt Ltd., on Thursday announced the launch of its new iconic Instax mini 9 instant camera, built in with a selfie mirror and close-up lens.

Full Story >>

New Delhi [India], June 15 (ANI-NewsVoir): Alibaba Mobile Business Group, part of Alibaba Digital Media and Entertainment, has announced the appointment of Damon Xi as Head of UCWeb India and Indonesia office.

Full Story >>

New Delhi [India], June 15(ANI): Toreto, a leading aggregator of portable technology on Wednesday launched its water-resistant Bluetooth earphone, 'TBE-804 Blare', best suited for sports enthusiasts.

Full Story >>

Accenture envisioning gender-balanced workforce by 2025

Updated: Jun 15, 2017 00:47 IST     

New Delhi [India], June 15 (ANI): Accenture on Wednesday announced its vision to achieve a gender-balanced workforce by 2025, with 50 percent women and 50 percent men.

Full Story >>

Instagram introduces new 'archive' feature

Updated: Jun 14, 2017 19:12 IST     

New Delhi [India] June 14 (ANI): Now, you can re-visit your old posts and enjoy those passed-by moments on Instagram.

Full Story >>

New Delhi [India] June 14 (ANI): South Korean multinational Samsung on Wednesday launched its anticipated Samsung Galaxy J7 Max and Samsung Galaxy J7 Pro, expanding its best-selling mid-range of Galaxy J smart phones.

Full Story >>

New Delhi [India], June 14 (ANI): Ericsson in its Mobility Report 2017 releases today has reported key trends and forecasts on mobile traffic, subscriptions, consumer behavior and technology uptake in India.

Full Story >>

New Delhi [India] June 14 (ANI): In continuation of its commitment to digitally empower India's small and medium business community, Google on Wednesday announced the launch of a new simple, free, and fast way to build a website through Google My Business.

Full Story >>