Bottom line: LeTV’s new tie-up with Microsoft is mostly empty talk that’s unlikely to produce any meaningful results, and is part of a recent campaign to divert attention from problems at the company’s core business.
After several months out of sight while he received medical treatment, the charismatic CEO of online video company LeTV (Shenzhen: 300104) has come roaring back into the spotlight with a series of new initiatives to boost investor confidence and show he still has a long-term vision for his company. The latest of those has LeTV teaming up with software giant Microsoft (Nasdaq: MSFT) in a global alliance to operate what’s being billed as a cloud-based online video service. Read Full Post…
