Fresh blow to China's troubled tech giant LeEco

Fresh blow to China's troubled tech giant LeEco
 

The Chinese smartphone-maker Coolpad has unexpectedly warned of a sales slump, causing its shares to fall by nearly 10%.
It blamed tougher economic conditions and "fierce competition in the domestic smartphone market" for its troubles.
The news is a fresh blow to its biggest shareholder LeEco, which had recently increased its stake in the business.
Earlier this month, one of LeEco's co-founders warned of its own financial problems following a push into the US.
Partnership phone Coolpad's stock dropped to a four-year low after it announced that sales had fallen by 43% over the... read more

 
21 November 2016 in Science &Technology, Views: 36
Source: BBC
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31