Chinese smartphone maker Coolpad has appointed Jia Yueting, chairman and general manager of Letv.com, and Liu Hongwei, vice chairman and deputy general manager of Letv.com, as executive directors, effective immediately.
According to the company, Jia and Liu signed three-year service contracts with Coolpad, starting from August 17, 2015. Both of them will receive CNY1 million fixed annual salaries.
Coolpad Group announced in June 2015 that the company sold 780.38 million shares at the price of HKD3.508 per share to Leview Mobile, Letv's subsidiary registered in Hong Kong.
Later that month, Jia also confirmed that Letv's subsidiary invested HKD2.73 billion, which was about CNY2.2 billion at the time, in acquiring an 18% stake in Coolpad, making it the second largest shareholder of the smartphone company.
LONDON (AP) — Looking for a new social media platform because X, Threads and Mastodon…
What a season it’s been for Coco Gauff! From a rocky start with fewer titles…
India-China ties have been on an upward swing ever since both the Asian giants reached…
Funds will drive expansion into the UAE & Saudi Arabia by Q4 2024 Since Series…
US PRESIDENT-ELECT Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his…
The winds of change are sweeping through the UFC. While some fighters find themselves bidding…