LeEco Runs Into the Great Wall of America

on April 10, 2017

I always like to try to find the positives and potential in certain narratives but the news from LeEco felt predictable from the outset. Bloomberg just posted a story that LeEco has missed their forecasts and is now scaling back their US ambitions. Those ambitions were, let’s just say, way too aggressive to begin with. They entered this market with a splash, trying to generate huge media buzz and commit to hiring thousands of people in the Bay Area.

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