Chinese smartphone maker LeEco which recently launched its devices in India, said that it is planning to invest $10 million to develop cloud infrastructure for delivering content across mobile devices and smart TVs in India, reports Livemint.
With the newly announced investment plans, it aims to introduce its cloud-based online streaming platform for both mobile devices and smart TVs that it expects to launch in India, added the report. LeEco currently has operations in US and Hong Kong, and entered India this year with two smartphones launches. In China, the firm claims to have a content library of more than 100,000 episodes of TV shows and over 5,000 copyrighted films, under its own production house named Le Vision Pictures (LeVP).
LeEco, which was formerly known as Letv, also produces a range of smart LED TVs and smartphones, and online streaming of music and live sports content as well. In May 2015, the company said it is developing a video streaming platform by leveraging cloud-computing capabilities.
LeEco in India: The company plans to setup local Cloud Delivery Networks (CDNs), which will help LeEco to deliver content through its portal to users in India. The CDNs will be setup in 10 cities across India, including New Delhi, Mumbai and Bengaluru.
Additionally, in January, the company said that it would open a research and development centre in Bengaluru, which will have about 1,000 employees by the end of this year. In the same month, LeEco partnered with Eros Now for showcasing ErosNow’s repository of Bollywood films, music and; it also inked a deal with Yupp TV for streaming Yupp TV’s Live TV content on its platform.
Other developments in cloud computing
-In March, Pune-based Persistent Systems has signed an agreement to acquire Australia-based PRM Cloud Solutions. While, in January the company signed another agreement with Citrix Systems International to acquire Citrix’s CloudPlatform and CloudPortal.
-In November 2015, CloudFlare, a content distribution network provider said that it added three new data centers in Mumbai, Chennai and New Delhi. The company mentions that it would add another couple of nodes in India soon.