Le.com , known legally as Leshi Internet Information and Technology Corp., Beijing, is a Chinese technology company, and one of the largest online video companies in China. It is headquartered in Chaoyang District, Beijing.
Leshi Internet formerly did business as LeTV in English instead of Le.com. However, Leshi Internet still operates the brand Leshi Video in Chinese.
History
Jia Yueting founded Letv.com in 2004. It was subsequently listed as a Chinese national high-tech enterprise and went public on the Shenzhen Stock Exchange on 12 August 2010.[1] Le.com claims to be the world's first IPO company in its sector. As of 2015, the company claimed a market capitalization of $12 billion.[2]
On 5 December 2015, Le.com announced that the listed company would acquire Le Vision Pictures from LeEco, a holding company majority owned by the largest shareholder, founder and chairman of Le.com, Jia Yueting, subject to the approval of the shareholders of the listed company.