Chinese handset maker LeEco said on Saturday that it would continue to launch new products in the smartphone and LED TV segments in 2017 while reiterating that it would not exit from the Indian market. "India is one of the most strategic market of LeEco and we definitely would not exit from here. We would continue to launch new products and develop the market and serve our customers," LeEco India Group VP and COO Alex Li said. The company had sold above one million handsets and 12,000 units of smart TV in the domestic market. "We are growing 45% every year," said Li, adding "We would have double digit market share in the TV segment in FY 2017-18".

Source: dna March 18, 2017 15:22 UTC