China real estate titan Sunac China Holdings Ltd. will become LeEco's second-largest shareholder after leading RMB 16.8 billion (US$2.4 billion) in fresh funding.
A total of 26 lists on a wide range of topics like international and domestic affairs, “in” words, popular apps were compiled by leveraging data from various services under Baidu’s brand.
China’s internet giant LeEco announced Tuesday that the company has secured US$600 million of funding from a dozen of local investors.
Over the past three years, Chinese web users who had once been drawn away from televisions and towards mobile devices are making their way back to the traditional living room setting for daily entertainment.
Getting set up with a live streaming account and filming content for audiences might only take a few minutes, but to become a Chinese internet celebrity is much more complex.
Film and TV crowdfunding campaigns in China hit around 500 million yuan (U.S.$75 million) in 2015.