SportAccord Summit 2024 Logo Unveiled
29 Nov 2023 19:09
Letv lately announced they would make a joint investment, valued at 15 million RMB, with Letv Sports into Edoon.com, a Beijing-based mobile application developer.
According to the announcement Letv and Letv Sports would offer 10 million RMB and 5 million RMB respectively.
Edoon GPS APP, delivered by Edoon, is a smart mobile application which tracks data of users’ movements and has been accessible for iOS, Android, and Windows Phone users.
The application can be used to connect mobile devices with smart devices including watches, treadmills or even the upcoming Letv Super bicycles.
The investment will see Letv Sports, currently an independent venture of Letv, enhance its presence in smart devices market. As reported earlier, Letv Sports has established partnership with 361 Degrees, a Chinese sportswear provider.
Letv Sports and Edoon will work together to present more comprehensive products to users in the future, said Lei Zhenjian, the CEO of Letv Sports.
Related coverage
Fosun plans to buy a minority share of Jorge Mendes’s company
17 Nov 2015
Yutang Weekly (2016.2.22-2.28)
28 Feb 2016
17 receives US$23m from LeSports
09 May 2016
China's 500.com secures $124 million investment from Tsinghua
10 Jun 2015
3 billion yuan to invest to build international billiards center
03 Feb 2015
More from Yutang Sports
Yutang Sports
loading...