Since 2015, LeCloud has been in partnerships with Microsoft, Zenlayer and Intel to improve and commercialize visual technology including virtual reality (VR) live-streaming from the cloud.
Founded and headquartered in Beijing by Jia Yueting as LeTV in 2004 but now renamed as LeEco, the company has transformed from being China's counterpart to YouTube to a tech empire with a myriad of businesses. Its latest announcement of a $2-billion acquisition of Vizio, an American TV manufacturer, helped it gain a foothold in the U.S. market following its growing presence in India.
In an interview with Bejing Review, Wu Yazhou, CEO of LeCloud, the cloud computing platform with LeEco, talked about the company's investment in VR and its hopes for the future: "I think VR is a rosy industry with potentially high revenues. We'd like to let partners know that what we are offering now is totally free. We are trying our best to connect the dots and make the industry grow in an ecological way."
Copyedited by Bryan Michael Galvan
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