LeEco Scales Back U.S. Ambitions, Abandons Vizio Plan

The Chinese conglomerate faces significant challenges in its global expansion, particularly in the US market, where it has dropped a $2 billion acquisition of Vizio. The company struggles with financial issues, achieving only $15 million of its $100 million revenue target, leading to job cuts. Despite receiving a $2.2 billion investment from Sunak Holdings, the funds are not available for North American operations. The company plans to restructure its North American business, focusing on a partnership with AT&T and targeting the Chinese American market. The auto business remains a priority despite financial difficulties, and expansion in Russia and India faces obstacles.

What was the primary reason for the Chinese conglomerate to cancel its acquisition of Vizio?

• Lack of brand recognition

• Cash crunch issues

• Regulatory hurdles

• Competition from other companies

How much revenue did the company aim to achieve by the end of 2016?

• 200 million U.S. dollars

• 15 million U.S. dollars

• 50 million U.S. dollars

• 100 million U.S. dollars

What was the source of the 2.2 billion U.S. dollars investment received by the company?

• A venture capital fund

• A technology firm

• A real estate company

• A government grant

What strategic move is the company considering to strengthen its North American business?

• Acquiring another tech company

• Launching a new product line

• Expanding into the European market

• Partnering with AT&T for exclusive smartphone distribution

Which markets, besides the US, are posing challenges for the company's expansion plans?

• Australia and New Zealand

• Brazil and South Africa

• Russia and India

• Japan and South Korea