乐视再次炮轰熊猫家电

Core Viewpoint - LeEco TV has accused Nanjing Zhongdian Panda Home Appliances Co., Ltd. of owing 14.95 million yuan in compensation and attempting to evade debts through renaming and bankruptcy, raising questions about its motives ahead of the Double 11 shopping festival [3][11]. Group 1: Background of the Dispute - LeEco was once a pioneer in China's internet TV sector but faced a financial crisis leading to its near delisting [5]. - In 2019, LeEco partnered with Nanjing Zhongdian Panda for TV manufacturing, commissioning 400,000 units with a total procurement amount of nearly 450 million yuan [5]. - Quality issues arose with a failure rate of nearly 20% for the products, prompting LeEco to pay over 14 million yuan in after-sales service costs [6]. Group 2: Legal Proceedings - LeEco initiated legal action in December 2021, resulting in a court ruling in January 2024 that ordered Nanjing Zhongdian Panda to pay 13.47 million yuan in damages [6][7]. - Both parties appealed the ruling, but the higher court upheld the initial decision in June 2024 [7]. - Following the court's decision, Nanjing Zhongdian Panda changed its name to Nanjing Jingye Home Appliances Co., Ltd. and subsequently faced bankruptcy proceedings [9][10]. Group 3: Current Market Position - Despite having court rulings in its favor, LeEco struggles to enforce its claims, with Nanjing Jingye Home Appliances recently filing for bankruptcy [9]. - LeEco currently owes external parties billions, and its market presence has diminished significantly, failing to rank in the top 20 TV brands in China as of October 2025 [11]. - The competitive landscape has intensified, with LeEco's market share reduced to around 2%, while the top eight brands dominate 95% of the market [11][12]. Group 4: Industry Implications - The decline of both LeEco and Nanjing Zhongdian Panda reflects broader challenges faced by mid-sized companies in the industry, highlighting difficulties in legal recourse and market competition [13]. - Nanjing Zhongdian Panda's exit from the LCD panel sector and its diminishing role in TV manufacturing further illustrate the shifting dynamics in the industry [13].