Shanghai WFOE Registration Service
Shanghai Hotline:021-68877368
LETV has raised 1 billion yuan (US$153 million) to finance its cloud-computing business — a key part of the firm’s eco-system covering Internet video, smart TV, smartphone and new-energy cars, the Shenzhen-listed firm said yesterday.Letv, listed on the Nasdaq-style ChiNext market, will use the funds to invest heavily in cloud computing to support online video and virtual reality services and overseas expansion.
A Chongqing city government fund invested the 1 billion yuan for a 16.7 percent stake in Letv’s cloud-computing subsidiary, whose registered capital rose to 7.9 billion yuan, Letv said in a statement to the Shenzhen Stock Exchange.
Chongqing’s investment will also enhance the market position of Letv in the west China market, the company said.Letv’s cloud-computing business is set to cover several billion users globally and about 100,000 enterprise users in the broadcasting, education and sport industries.
Contact Us
For further queries, please do not hesitate to contact Tannet at anytime by calling Shanghai Hotline: 021-68877368, 18101640557
Fax:58402186
E-Mail: hkcfm-shanghai@163.com
Address: Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai