CHENGDU, Jan. 16 (NBD) -- Chinese tech firm LeEco and real estate company Sunac China Holdings Limited (Sunac) launched a press conference on Sunday, and addressed to matters on their strategic cooperation, in Beijing.

LeEco announced on Friday that it plans to introduce strategic investments for a total of 16.8 billion yuan (2.44 billion US dollars), in which Sunac's investment accounts for 15 billion yuan (2.18 billion US dollars). 

Jia Yueting, founder of LeEco, regards it as a turning point and first-of-its-kind for his company to introduce the strategic investors. The fund, some 2.44 billion US dollars, is affordable to meet the second phase of LeEco's ecological strategy, excluding the auto sector. 

Analysis shows that Sunac's investment removes LeEco's financial predicament, and the company's chairman of board, Sun Hongbin, is said to make strategic planning for the integration of internet and property.

Email: zengyunheng@nbd.com.cn