LeEco is now a major shareholder in Coolpad

LeEco has become the largest shareholder in CoolPad.
Chinese technology company LeEco has become the largest shareholder in Coolpad, another smartphone maker based in China, according to a press statement. Both LeEco and CoolPad have been selling smartphones in India as well.
LeEco became Coolpad’s largest shareholder after it purchased another 11 per cent of the latter’s shares, according to a deal announcement on June 17.  LeEco bought 11 per cent Coolpad shares from Data Dre