Sunac, Tencent, Suning and JD.com reportedly supplied $318m for the smart TV maker, an affiliate of LeEco, the rest coming in convertible debt.
New Leshi Smart Home, an affiliate of China-based consumer electronics producer LeEco, has raised RMB3bn ($477m) from investors including several corporates, China Money Network reported today.
Real estate developer Sunac China, internet group Tencent, retailer Suning and e-commerce firm JD.com provided approximately $318m of the funding and the rest came from convertible note financing, according to local media reports, though the news remains unconfirmed.
Formerly known as Leshi Zhixin Electronic Technology, New Leshi Smart Home produces smart, internet-connected televisions under…
