9 November 2015 – Chinese online video and consumer electronics heavyweight LeTV is getting ready to enter the U.S. market with a number of products, including an Android-based smartphone, a bike with an integrated GPS device as well as smart TVs, a 4K video streaming box and a VR headset. The company could introduce, and possibly even start to sell, its products to U.S. customers as early as this week.
LeTV is little known in the U.S., but has emerged as a significant player in the Chinese online video market. Last year, LeTV generated an estimated $1.6 billion in revenue with online content as well as sales of smart TVs in China. Earlier this year, it launched its first smartphones in the country.
Read more at Variety