LeEco to receive investment from China-based Sunac for CNY15 billion

LeEco has recently signed contracts with Sunac China Holdings for the latter to invest a total of CNY15 billion (US$2.17 billion) in the former to acquire a 8.61% stake in LeTV, a 15% stake in Le Vision Pictures and a 33.5% stake in a LeTV-related subsidiary. The investment will also make the China-based Sunac the second largest investor of LeEco.

from DIGITIMES: IT news from Asia http://ift.tt/2iG8XPI
via Yuichun