Chinese tech company LeEco sets aside 50% shares for global employees
In the recent announcement, Chinese internet and technology conglomerate LeEco declared that it is setting aside 50 percent of shares for its employees globally.
This move is believed to benefit around 10,000 employees in near future when the company will go public with its $12 billion worth.Employees would be offered shares from both parent global company as well as the regional companies where they work.
This news comes at a time, when LeEco announces its planned partnership with three pioneering digital marketing companies in India namely – iCubeswire, netCORE and vCommission. This will help LeEco to reinforce its digital communication; thereby aggressively promoting personalized and integrated marketing proposals. Also, recently LeEco acquired $2 billion worth US TV maker Vizio.
LeEco is said to have strong presence in countries like US, Russia, India, Hong Kong and China.
In a recent statement to press, YT Jia, founder and CEO of LeEco said that, in our company we highly value talent and we are determined to bring our unique eco-system and services to more and more countries in the future.
LeEco, formerly called as Letv ( Leshi Internet Information & Technology) is one of the biggest online video companies running in China. Its headquarters are in Chaoyang District, Beijing. It was founded in November 2004. Its focus is on building ‘Le Ecosystem,’ an online content platform with the use of varied devices and applications.
Its businesses span from Internet TV, tech gadgets, video production and distribution to eco-agriculture, Internet-linked electric cars and e-commerce etc. It has launched six smartphones under its Le brand - the Le 1, Le 1 Pro, Le Max,Le 1s,Le 2 and Le Max 2.