China: LeEco raises $2.18b in fresh round from property developer Sunac

China: LeEco raises $2.18b in fresh round from property developer Sunac

LeEco's new Le Pro3 phone is on display during a press event in San Francisco, California, U.S. October 19, 2016. RETUERS/Beck Diefenbach/Files

Chinese technology conglomerate LeEco has secured a new round of investment worth 15.04 billion yuan ($2.2 billion) from property developer Sunac China Holdings, according to a stock exchange statement made by Sunac on Friday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter