Troubled Chinese technology conglomerate Leshi Internet Information & Technology Corp., Beijing(LeEco) appears to have received a much needed capital infusion from some of China’s biggest companies. According to unconfirmed Chinese media reports, property developer Sunac China Holdings Limited has teamed up with Tencent Holdings Limited, Suning Holdings Group and JD.com to invest RMB3 billion (US$478 million) in television maker New Leshi Smart Home, an affiliated of Leshi. The companies had not confirmed the news at press time. It’s not the …

Tencent, JD.Com, Suning, Sunac Said To Invest $478M In LeEco TV Maker appeared first on China Money Network.