Jia has invested more than $300 million of his own money in Faraday, said Winston Cheng, a former Bank of America Corp. investment banker who now runs corporate finance for the LeEco groups companies.
And it's this focus on ecosystem that led the company to rebrand itself as LeEco early this year. "'Le' means 'happy' in Chinese, so Letv is 'happy TV' it's very famous in China," LeEco SVP Winston Cheng said after yesterday's Vizio announcement. "But our chairman decided that the strategy is no l