LeTV to launch smartphones

Competition intensified in China's smartphone sector on Wednesday with a top online video-sharing platform throwing its hat into the crowded marketplace.

Leshi Internet Information & Technology Corp, better known as LeTV, plans to launch a smartphone later this year, and it said Feng Xing, a former Lenovo Group Ltd executive, would head the company's mobile division.

"LeTV will be a disruptive force that will overturn the Chinese smartphone market as we will be the only player who can distribute online content and services across all platforms, ranging from televisions to smartphones," said Feng.