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 challenges is the company facing in the US market?

What was the target revenue set by the company for the end of 2016, and how much did they actually achieve?

What significant action is the company taking regarding its workforce?

What are the implications of the company's cash crunch on its expansion plans?

How is the company planning to restructure its North American business?