乐视生态收购酷派
Chinese internet company LeEco announced last weekend that its founder Jia Yueting had been appointed as the new chairman of the board of domestic smartphone maker Coolpad Group Ltd.
中国互联网公司乐视生态上周末宣布，其创始人贾跃亭被委任为酷派集团董事会主席。
Holding a total 28.9 percent of Coolpad's shares, the company has become the largest shareholder of the handset manufacturer.
LeEco first invested HK$2.74 billion($353 million) to buy Coolpad's shares on June 28.
In mid-July, the company bought another 11 percent of Coolpad's shares from Data Dreamland, the former largest shareholder, for HK$1.047 billion.
According to James Yan, research director at Counterpoint Technology Market Research, leading video content provider LeEco's move to invest in Coolpad aims to enlarge its subscriber base.
The two companies have been working together to launch a new flagship named Cool 1.