Friday, September 23, 2016
MTS and the global technology holding company LeEco signed a partnership agreement, which not only fosters the sale and promotion of LeEco smartphones in MTS’ retail network, but also a close cooperation in a wide range of internet-related services. MTS and LeEco will jointly develop and promote content-based services, as well as entertainment, informational, trade, financial, transport and other types of e-commerce platforms and services.
LeEco has the highest market capitalization in the video-related industry in China and is the first IT company in China to own a top-3 film studio, Le Vision Pictures (LeVP), by box office revenues. In 2016 LeVP launched 1,000 cinemas across China. Le.com’s attracts an audience of more than 800 million each month. Its E-commerce platform, LeMall, is the third internet retailer in China by traffic.