Tech major LeEco plans to go global, with first targets US, India

Technology major LeEco Holdings Co Ltd is gearing up to become a global company with plans to enter several overseas markets within the year.

Hank Liu, cofounder and vice-chairman of LeEco, formerly known as LeTV, said on Wednesday that it has targeted the United States and India as its two major markets outside China in 2016.

"The year 2016 marks the beginning of our globalization. We don't make it a goal to overtake tech giants, such as Apple Inc, Amazon.com Inc or Tesla Motors Inc. But we do have an ambition to become a globalized company, because all great companies are globalized," Liu said on the sidelines of the 2016 Boao Forum for Asia, in Boao, Hainan province.