LeEco closes the only store in Moscow and could leave the Russian market
According to the latest rumors, the Chinese company LeEco closes the only store in Moscow and is preparing to leave the Russian market.
Company LeEco submitted its smartphones in Russia just over a year ago, before going to the markets of the USA and China. At that time it was reported that LeEco plans to invest in the Russian market more than $ 100 million.
However, towards the end of the year, became aware of the serious financial difficulties faced by LeEco. In fact, the company swung to much, spending too much money, and were not able to pay off creditors.
Russian sales of smartphones LeEco amounted to approximately 19.4 million units in the first quarter of 2017 and about 21 thousand units in the second. LeEco originally planned to sell in Russia at least a million smartphone in 2017.