LeEco is Already Running Out of Cash as It Expands too Quickly

Less than a month ago, LeEco, a Chinese electronics, media, and car company, held a large press event in San Francisco to announce to the country that they had arrived. It was their big moment in which they trotted a bunch of former execs from other well-known companies, showed off a line of products ranging from phones to TVs to Android-powered bikes, and discussed their LeMall shopping experience where you would find those items through flash sales for rock-bottom prices. And then to kick off this week, their co-founder Jia Yueting sent out a letter to shareholders, essentially suggesting that the company expanded too fast and is running out of cash. Woof.  (more…)

LeEco Le Pro 3 Available Today at 10AM Pacific, Priced at $299 Until Sold Out

The Le Pro 3 from LeEco goes on sale via LeMall this morning at 10am Pacific (1pm Eastern). If you saw our unboxing and want to make a move for this device, there’s a few steps you need to follow to ensure you have the best chance of snagging one. As you might imagine, for a phone as nicely specced and priced as the Le Pro 3, a few folks will be attempting to get in on the action this morning.

The device features a 5.5″ FHD display, Snapdragon 821 processor, 4GB of RAM, massive 4,070mAh battery, 64GB of onboard storage, plus a fingerprint reader — all for the price of $299, thanks to a $100 promotional instant rebate.  (more…)

Video: LeEco Le Pro 3 Unboxing and First Look

The Le Pro 3 from LeEco is the company’s first big push into the US market, and from the buzz we have seen so far in the community, I would say they are doing a pretty good job at getting folks excited. Leading the LeEco charge is this smartphone, scheduled to go on sale November 2 for a special promotion price of only $299, which is $100 off its list price of $399.

The phone competes with the best of them in terms of specs, with the Pro 3 equipped with a 5.5″ FHD display, Snapdragon 821 processor, 4GB of RAM, 16MP rear-facing camera, 64GB of built-in storage, 4,070mAh battery, fingerprint reader, and LTE bands for support on any major GSM network in the US.  (more…)