Le.com’s TV arm welcomes Tencent and JD.com as investors

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Leshi Internet Information and Technology Corporation formerly traded as LeTV in English instead of Le.com. Photo: Flickr/Kansir

Le.com, the Shenzhen-listed arm of embattled Chinese conglomerate LeEco, said Tencent, JD.com, Suning Sports and TCL have shown interest in investing in Leshi Zhixin, the TV manufacturing subsidiary of the company, Yicai.com reported.

Though official agreements have not yet been signed, Linzhi Lichuang, an investment entity of the Internet giant Tencent, as well as Jingdong Bangneng, an investment management firm under the e-commerce giant JD.com, are both showing interest in offering Leshi Zhixin a 300 million yuan (US$47.81 million) cash injection, respectively.

Meanwhile, TCL Group or its holding subsidiaries as well as Baiyi Investment plan to park 300 million yuan of cash in Leshi Zhixin, respectively. Shijia Holding also plans to inject 200 million yuan into the company.

Confirmed investors who have signed the capital increase agreements include Le.com, Tianjin Jiarui Huixin Enterprise Management Co. Ltd. and Jiangsu Shejigu Technology Co. Ltd.

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