LeEco income leaps 90 per cent

A 90 per cent leap in revenue was recorded by Chinese entertainment company LeEco last year, thanks to smart TV sales in Mainland China.
The Hong Kong-listed company sold 40 million smart TVs in China, up 50 per cent from 2014, pulling in RMB13 billion (US$1.99 billion). Its total net income rose more than 59 per cent, it says in its preliminary earnings report.
Listed in Shenzhen, LeEco (previously known as Letv) also provides online streaming content in China and makes consumer electronics. It entered the smart TV market in 2013, which helped attract subscribers to its streaming services.

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