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LeEco shuts down one of its service centers in China, things don’t look good

Nick PapanikolopoulosJune 16, 2017

Yepp, things are not looking good for the once upon a time innovative LeEco as the latest news mention that the company has serious troubles – once again.

In case you don’t remember, LeEco faced a lawsuit recently by a Chinese ad agency for non-payment of marketing fees, and recently laid off about 50% of its workforce trying to stay afloat in the market. That’s why they have also stopped releasing new smartphones during the past few months and information regarding their future projects is non-existent. Things are even worse however, as the company seems to be shutting down some of its mobile phone service centres across China.

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Earlier today an internet user uploaded a photo of a notice posted on the door of one of LeEco’s third-party service centres located in Shanghai, mentioning that the specific service center has been suspended due to operational adjustments and that the shop no longer accepts LeEco phones.

Add this to a purported letter sent by a LeEco phone repair station to a fan mentioning that the repair station has no spare parts to fix his phone, as the manufacturer hasn’t provided any, for months now! Things don’t look good for LeEco as you can understand but we truly hope that the once vibrant company will be able to pull through and re-emerge in the market.

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About the author
Nick Papanikolopoulos
With some little over 20 years of experience in the Mobile Technology sector Nick is the EIC of Gizchina.com. He has a Masters’ degree in Wireless & Wired Telecommunications, Electrical Engineering and Computer Informatics and a PhD in Mobility QoS Measuring Techniques.

If you'd like to know more you can always follow me on Twitter.

Tommi
June 16, 2017
And last year I was thinking to buy LeEco Le Pro 3, hopefully I did choose OnePlus 3T in the end 🙂

Conrad Aquilina
June 16, 2017
So, from a company doing fabulous things, including cars, and seemingly going large (or trying to) in US, to this. In barely 2 years.
I believe a part of journalism should start venturing into nitty-gritty profit and loss accounting for these companies. Something like this doesn’t just happen overnight.
- eliHd
  June 16, 2017
  - Martin
    June 17, 2017
    Because the CEO shouldn’t be paid anymore when the company isn’t getting a profit? Why would he not be paid anymore and any other worker (which in total cost substantionally more) would still be paid? I really hate this shortsighted view of CEO’s nowadays. What do you think CEO’s get bonusses (or don’t if they result in a loss) for?
    - cyril symbio
      June 18, 2017
      not when the CEO uses company’s money to buy himself giant houses while laying off employees and asking others to be patient, their salaries will eventually fall in some months… This company is trash. They only brunt investors money and did nothing with it besides few phones that have nothing extraordinary, few TVs, they bought the Arena in Beijing… wasted everything, everywhere. The CEO managed his company like a kid plays with his toys. But toys don’t have family nor kids to send to schools. Fuck Leeco, I am only sorry for employees laid off without considerations.
    - Ray Bel
      June 18, 2017
      CEO gets a bonus for profit….
      CEO gets a bonus for (minimizing) loss
      CEO gets a bonus for reorganization
      CEO gets a bonus always for whichever reason….
      The employees bite the bullet in bad times…..
      and in good times….they get a ‘small attention’ to keep them happy. But in the end….they just loose…
      eliHd understands the system quite well…
    - lildwell
      June 19, 2017
      In total it costs more but Per capita or importance no where close. This CEO, like the majority of CEO’s drove this company into extinction which is going to hurt the economy since those employees won’t be able to put back into the economy. The average CEO is shit.

Ronnie Katsie
June 16, 2017
This doesnt sound good!! sorry LeEco.
Guest
June 16, 2017
And last year I was thinking to buy LeEco Le Pro 3, hopefully I did choose OnePlus 3T in the end 🙂

Conrad Aquilina
June 16, 2017
So, from a company doing fabulous things, including cars, and seemingly going large (or trying to) in US, to this. In barely 2 years.
I believe a part of journalism should start venturing into nitty-gritty profit and loss accounting for these companies. Something like this doesn’t just happen overnight.
- eliHd
  June 16, 2017
  I bet the CEO is still rich tho. There is something not right.
- Guest
  June 17, 2017
  Because the CEO shouldn’t be paid anymore when the company isn’t getting a profit? Why would he not be paid anymore and any other worker (which in total cost substantionally more) would still be paid? I really hate this shortsighted view of CEO’s nowadays. What do you think CEO’s get bonusses (or don’t if they result in a loss) for?
- cyril symbio
  June 19, 2017
  not when the CEO uses company’s money to buy himself giant houses while laying off employees and asking others to be patient, their salaries will eventually fall in some months… This company is trash. They only brunt investors money and did nothing with it besides few phones that have nothing extraordinary, few TVs, they bought the Arena in Beijing… wasted everything, everywhere. The CEO managed his company like a kid plays with his toys. But toys don’t have family nor kids to send to schools. Fuck Leeco, I am only sorry for employees laid off without considerations.
- Ray Bel
  June 19, 2017
  CEO gets a bonus for profit….
  CEO gets a bonus for (minimizing) loss
  CEO gets a bonus for reorganization
  CEO gets a bonus always for whichever reason….
  The employees bite the bullet in bad times…..
  and in good times….they get a ‘small attention’ to keep them happy. But in the end….they just loose…
  eliHd understands the system quite well…
- lildwell
  June 19, 2017
  In total it costs more but Per capita or importance no where close. This CEO, like the majority of CEO’s drove this company into extinction which is going to hurt the economy since those employees won’t be able to put back into the economy. The average CEO is shit.

Ronnie Katsie
June 16, 2017
This doesnt sound good!! sorry LeEco.
David Košič
June 16, 2017
The company is basically dead.
Chickens
June 16, 2017
- AbdulB1
  July 1, 2017
Chickens
June 16, 2017
- AbdulB1
  July 1, 2017
3Dkiller
June 18, 2017
Their phones are with big bezels, with no 3.5mm headphone jack so i never liked it.
3Dkiller
June 18, 2017
Their phones are with big bezels, with no 3.5mm headphone jack so i never liked it.