If there's a company you should be watching right now, it's probably LeEco. Previously referred to as the "Netflix of China," media outlets are now starting to call it the "Google of China." Although the company had its humble roots in video streaming, they quickly expanded their services to include automated cars, Android-powered bikes, smartphones, and navigation technology. And they're coming to the US.
LeEco actually already has a physical presence in the US. They recently opened up a North American HQ in San Jose, and then they purchased 48.6 acres of undeveloped land from Yahoo in Santa Clara for further expansion. Indeed, the company has unabashed plans for total world domination, and their CEO caused some waves by trashing Apple and calling them "outdated."
However, LeEco is far from a household name in the states. Most Americans not keeping a keen watch on the tech industry may have never even heard of them. The biggest action they've made so far in the US is purchasing Visio, which is puts them into a position to have firm footing in the US television market.
Today, however, we learned that LeEco is getting ready to make their big push in the states. An invitation has gone out revealing that October 19th will be the day the company hosts an announcement event in California. It's believed that this will signal their formal launch into the US market.
October 19th will be the day the company hosts an announcement event in California.
This will be interesting. Their LePro3, for example, just released in China a few days ago. The slick-looking device has a Snapdragon 821 under the hood powered by 4GB of RAM (6GB on the premium variant), making it relatively competitive with most modern flagships. Except it sells for $269 instead of $600-$900.
Right now that device isn't available in the US, but LeEco's official arrival in the US market could signal that it and similar products may be coming soon. If you want to stay abreast of this developing event, head over to LeEco's website and subscribe.
What do you think about LeEco arriving in the US? Let us know your opinion in the comments below!
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