LeEco, the China-based technology company, on Tuesday announced that it has raised $600 million in funding. The company declined to share more details about the investment.
In September 2014, the company had raised $55.4 million from CHT Capital in Series-B funding.
LeEco reported total sales of R200 crore during the festive season in the first week of October. The company sold 200,000 mobile phones, 1,800 televisions and more than 500 accessories across the three e-commerce portals and its own marketplace– LeMall.com, during the period.
Recently in an interview to FE, LeEco India COO Atul Jain said, “I expect 40-50% of users to renew the subscription.”
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