Leshi TV unit gets new lease on life

Tencent, JD, TCL and Suning invest $48m each in New Leshi Smart Home

Tencent Holdings Ltd, JD and TCL Corp are among the investors for New Leshi Smart Home, a television maker formerly known as the Leshi Zhixin Electronic Technology (Tianjin) Co Ltd, said the firm's controlling shareholder, Leshi Internet Information and Technology.

Affiliates of Tencent, JD, TCL and Suning Commerce Group Co Ltd have agreed to invest 300 million yuan ($48 million) each in Leshi's Tianjin unit, a smart TV manufacturer, Leshi said in a Shenzhen stock exchange filing on Wednesday.