Tencent gets smart with television venture
The vigorous expansion of Chinese Internet companies in the smart television sector is set to alter the landscape of the traditional TV market, analysts said after Tencent Holdings Ltd joined hands with LeTV.com to make and sell smart TV sets.
Tencent, China's most valuable Internet company, said on Monday that it has launched a "deep collaboration" project with major online video provider LeTV to promote smart TVs.
"The large user number base and traffic of Tencent will help us build a stronger paid viewer base," said Yang Yongqiang, chief technology officer of LeTV.
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