LeEco promoters demonstrate the company s LeEco app on July 26, 2016, Photo: David Wong
Chinese technology giant LeEco is likely to acquire US television manufacturer Vizio to expand its white goods business in the United States, according to people familiar with the matter.
Both companies are expected to formally announce the deal at a jointly-held event in Los Angeles, US at 11am local time on Tuesday.
Vizio is known as one of the market leaders for smart televisions in the US, with a more than 20 per cent market share, according to data by US research firm Strategy Analytics.
The company also produces smart televisions, smartphones and has invested in developing an autonomous electric car with Los Angeles start-up Faraday Future.
LeEco group vice president and chairman of APAC Mok Chui-tin.