New Leshi Smart Home Valuation, Funding & Investors

New Leshi Smart Home is valued at $1.3B as of April 2018.

Last New Leshi Smart Home valuation

$1.3B

Strategic investment · Apr 2018

Last New Leshi Smart Home funding round

$476M

Strategic investment · Apr 2018

Cumulative funding New Leshi Smart Home raised

$1.7B

across 3 funding rounds

Key investors in New Leshi Smart Home

New Leshi Smart Home Overview

About New Leshi Smart Home

Tianjin-based Leshi Zhixin Electronic Technology manufactures smart televisions as part of the former Le.com ecosystem. The company produces Android-based TVs with EUI operating system for the Chinese market.


Founded

2012

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$1.3B (Apr 2018)

New Leshi Smart Home Valuation

New Leshi Smart Home is currently valued at $1.3B, based on its strategic investment round in April 2018.

The $476M round was led by JD.com, SUNAC and Tencent.

New Leshi Smart Home's valuation has moved from $1.3B at its Series B in April 2013 to $1.3B in April 2018, across 3 priced rounds.

New Leshi Smart Home valuation by funding round

New Leshi Smart Home valuation by funding round
DateStageValuation
Apr 2018Strategic investment$1.3B
Jan 2017Undisclosed stage$3.4B
Apr 2013Series B$1.3B

New Leshi Smart Home Funding History

New Leshi Smart Home has raised a total of $1.7B across 3 funding rounds.

New Leshi Smart Home's first fundraising round was a $48M Series B in April 2013. The most recent completed round was a $476M strategic investment round in April 2018.

New Leshi Smart Home funding rounds

New Leshi Smart Home funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2018Strategic investmentJD.com (lead); SUNAC (lead); Tencent (lead)$476M$1.3BNew Leshi Smart Home, also known as Leshi Zhixin or Lerong Zhixin, is the smart TV manufacturing unit of LeEco (Leshi Internet Information and Technology), producing internet-connected televisions under the LeTV Super TV brand. In April 2018, it announced plans to raise up to 3 billion yuan in cash and debt, with a stated valuation of 9 billion yuan, as part of efforts to address capital shortages amid LeEco's financial struggles. Affiliates of Tencent, JD.com, TCL, and Suning each committed 300 million yuan ($48 million), increasing the Tianjin unit's registered capital from 312.5 million to 407.6 million yuan, diluting Leshi's stake to 33.46% while keeping it the largest shareholder; each new investor took about 2.56-2.78% stakes. The round involved co-lead investors matching the query's JD.com, Sunac China Holdings (via prior and related stakes), and Tencent, though reports vary on total size ($437m-$478m in some aggregates, but specifics confirm smaller per-investor amounts). Sunac previously acquired a 33.5% stake for $1.2bn in January 2017, reduced to 28.2% post-round per some reports, reflecting ongoing real estate-tech synergies as property developers like Sunac and Evergrande eyed smart home integrations. Leshi's controlling shareholder Leshi Internet remained dominant but saw influence wane, with new funds aimed at revitalizing the smart TV business amid declining TV sales and LeEco's debt crisis, including founder Jia Yueting's focus on US EV firm Faraday Future. The investments positioned New Leshi for smart home expansion, partnering with e-commerce and tech giants like Tencent and JD.com, who were building ecosystems with smart speakers and online-offline integrations. Later developments included founding a culture and media unit.
Jan 2017Undisclosed stageSUNAC (lead)$1.2B$3.4BNew Leshi Smart Home (Leshi Zhixin Electronic Technology), a smart TV manufacturer and LeEco subsidiary, received investment from Sunac China Holdings on January 13, 2017. Sunac, via Tianjin Jiarui, agreed to acquire 33.4959% equity interest post-capital increase for RMB7.95 billion, implying a post-money valuation of approximately RMB23.76 billion. This was part of a larger RMB15 billion+ investment by Sunac across LeEco units including Leshi Internet and Leshi Pictures. The deal positioned Sunac as a major shareholder in Leshi Zhixin, later referenced as holding 33.5%. LeEco retained about 40.3% stake per later reports. Contextually, this investment aimed to rescue debt-laden LeEco, but Sunac later wrote off significant portions by 2018, calling it a failure, while expressing some ongoing interest in the smart TV unit.
Apr 2013Series B-$48M$1.3BNew Leshi Smart Home, formerly Leshi Zhixin Electronic Technology and a subsidiary of LeEco (also known as Leshi Internet), manufactures internet-connected smart television sets branded as LeTV Super TV. In April 2018, it planned a funding round of no more than 3 billion yuan in cash and debt, with a stated valuation of 9 billion yuan. Affiliates of Tencent, JD, TCL, and Suning each invested 300 million yuan ($48 million), increasing the Tianjin unit's registered capital to 407.6 million yuan from 312.5 million yuan. LeEco's stake diluted to 33.46% from 40.31%, remaining the largest shareholder, with each new investor holding 2.56%. The funds aimed to address capital shortages and boost operations, building on prior partnerships like Tencent's content distribution deal for shared revenue. Earlier media reports described a RMB3 billion ($477 million) round with corporates like Sunac China, Tencent, Suning, and JD.com providing about $318 million in cash and the rest via convertible notes, leaving LeEco with a 40.3% stake. This occurred amid LeEco's broader challenges, including debt issues, with tech giants previously aiding via investments and content deals. No sources detail a 2013 funding round for New Leshi Smart Home; results focus on 2018 events and unrelated Leshi units like Letv Sports (2016 Series B at 21.5 billion yuan valuation) or Leshi Pictures. The smart TV business fits into China's growing smart home sector, with New Leshi leveraging media content deals for membership and ad revenue. Industry observers noted new investors would inject vitality but reduce LeEco's control. No revenue, ARR, or EBITDA figures appear for New Leshi Smart Home near 2013 or 2018; sources emphasize funding for operational relief rather than financial metrics.

Who has invested in New Leshi Smart Home?

3 investors have backed New Leshi Smart Home across its funding rounds, including SUNAC, Tencent and JD.com.

Lead investors include JD.com, SUNAC and Tencent.


New Leshi Smart Home Investors

Investors in New Leshi Smart Home by funding rounds participated
InvestorHQRoundsRoleFirst check
SUNACChinaTianjin2LeadJan 2017

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New Leshi Smart Home Competitors

New Leshi Smart Home competitors include listed companies like Skyworth Group, Flyco, Bear Electric Appliance and JS Global Lifestyle Co, and private ones like Smarter and Ember Technologies.

Public and private companies comparable to New Leshi Smart Home
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SmarterUnited KingdomLondonPrivate--$1.2B-
Skyworth GroupChinaChinaPublicly listed$10B$363M$928M-
FlycoChinaChinaPublicly listed$576M$112M$2.1B3.1x
Bear Electric ApplianceChinaChinaPublicly listed$780M$102M$735M0.6x
JS Global Lifestyle CoHong KongHong KongPublicly listed$1.7B($936K)$695M-
Ember TechnologiesUnited StatesLos Angeles, CAPrivate--$283M-

New Leshi Smart Home Public Comps

New Leshi Smart Home is still privately-owned, but its public comps include Edifier, Daya Intiguna Yasa, Daiichikosho, Telling Telecommunication, Fiskars, Arcelik, United Electronics, Sun Corp., Fenda Technology and Tamron.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Edifier$417M$84M2.4x2.3x11.8x10.5x
Daya Intiguna Yasa$447M$146M3.1x2.7x9.6x9.0x
Daiichikosho$1B$268M1.3x1.3x5.1x6.0x
Telling Telecommunication$14B$86M0.2x-33.1x-
Fiskars$1.3B$142M1.4x1.4x13.1x9.5x
Arcelik$11B$884M0.5x0.4x6.0x7.0x
United Electronics$2B$212M0.8x0.8x7.8x7.7x
Sun Corp.$64M-21.8x22.2x--

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Common questions about New Leshi Smart Home

When was New Leshi Smart Home founded?New Leshi Smart Home was founded in 2012.
Where is New Leshi Smart Home headquartered?New Leshi Smart Home is headquartered in Beijing, China.
Is New Leshi Smart Home publicly listed?No, New Leshi Smart Home is a private, VC-backed company.
What is New Leshi Smart Home's valuation?New Leshi Smart Home was last valued at $1.3B in its strategic investment round in April 2018.
How much funding has New Leshi Smart Home raised?New Leshi Smart Home has raised $1.7B across 3 funding rounds.
What was New Leshi Smart Home's last funding round?New Leshi Smart Home's last funding round was a $476M strategic investment round in April 2018, led by JD.com, SUNAC and Tencent.
Who are New Leshi Smart Home's investors?New Leshi Smart Home's investors include SUNAC, Tencent and JD.com.
Which companies are comparable to New Leshi Smart Home?Companies comparable to New Leshi Smart Home include Smarter, Skyworth Group, Flyco, Bear Electric Appliance, JS Global Lifestyle Co and Ember Technologies.

See companies similar to New Leshi Smart Home

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