LeEco to sell phones in US market

Company's bundling strategy may not work, analyst says

Chinese internet firm LeEco Holdings Co Ltd is ready to sell smartphones and TV sets in the United States after the rapidly rising company purchased a 20.23-hectare development site in Santa Clara, California.

Jia Yueting, founder of LeEco, said in an internal letter: "We have outcompeted several global giants to get the land and it will be used as our global headquarters."