Core Viewpoint - LeEco TV has accused Nanjing Zhongdian Panda Appliance Co., Ltd. of owing 14.95 million yuan in compensation and attempting to evade debts through renaming and bankruptcy, raising questions about its motives in the context of the upcoming Double 11 shopping festival [1][6] Group 1: Background of the Dispute - LeEco was a pioneer in China's internet TV sector but faced financial difficulties leading to a near delisting [2] - From early 2019 to March 2022, LeEco commissioned Nanjing Zhongdian Panda to manufacture 400,000 TVs, with a procurement amount of nearly 450 million yuan [2] - Quality issues arose with a failure rate of nearly 20% for the products, prompting LeEco to cover over 14 million yuan in after-sales service costs [2][3] 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 [3][4] - Both parties appealed the ruling, but the higher court upheld the initial decision in June 2024 [3] - Following the court ruling, Nanjing Zhongdian Panda changed its name to Nanjing Jingye Appliance Co., Ltd. just days before the court's decision [4] Group 3: Current Situation - LeEco has filed additional legal claims for warranty costs from July 2023 to December 2024, with a recent court ruling ordering Nanjing Jingye to pay approximately 699,000 yuan [4] - Despite having court judgments, LeEco struggles to enforce them as Nanjing Jingye was declared bankrupt in September 2025 [5] - LeEco's financial situation remains dire, with debts exceeding several billion yuan, and it has been marginalized in the competitive TV market [7] Group 4: Market Position and Trends - As of October 2025, LeEco is not listed among the top 20 brands in China's TV market, a significant decline from its previous standing [7] - The competitive landscape has intensified, with major brands holding over 95% of the market share [7] - Nanjing Zhongdian Panda has also become a marginal player in the TV manufacturing sector, losing its competitive edge [8]

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].

乐视电视近日发布公开信，指责南京中电熊猫家电有限公司拖欠1495万元赔偿款并通过更名、破产逃避 债务。自身拖欠外界十几亿元的乐视电视，如今重提三年前的千万债权，是否想在双11博眼球？在接受 第一财经记者采访时，乐视对此给予否认。 纠纷何起？ 十年前，乐视曾是中国互联网电视的探路者之一。不过，后来乐视网资金链断裂，濒临退市。2018年4 月，乐视网旗下负责电视业务的子公司"乐视致新"更名为"乐融致新"，并得到京东、腾讯等企业18.5亿 元的投资。在当年年底的竞拍中，融创中国替代乐视网，获得乐融致新的控股权。自2019年起，乐融致 新不再并入乐视网的范围。 2019年初，处于业务调整期的乐视电视（简称乐视），为寻求稳定的生产合作方，将目光投向了拥有央 企背景的南京中电熊猫家电有限公司。2019年初至2022年3月期间，乐视累计委托南京中电熊猫家电有 限公司东莞分公司代工40万台电视，采用"预付定金+全款提货"模式，采购额近4.5亿元。 然而，部分合作新品上市不足一年，便频繁出现屏幕横竖线、漏液等故障，坏屏率接近20%。南京中电 熊猫家电有限公司曾起诉上游成都屏厂并获600万元赔偿，但没有给乐视一分钱。为了保障用户 ...

Core Viewpoint - LeEco TV has accused Nanjing Zhongdian Panda Appliance Co., Ltd. of owing 14.95 million yuan in compensation and attempting to evade debts through renaming and bankruptcy [2][5] Group 1: Background of the Dispute - LeEco was a pioneer in China's internet TV sector but faced financial difficulties leading to near delisting [3] - In 2018, LeEco's TV business subsidiary was renamed and received significant investments from major companies [3] - From 2019 to March 2022, LeEco commissioned Nanjing Zhongdian Panda to manufacture 400,000 TVs, totaling nearly 450 million yuan in procurement [3] Group 2: Quality Issues and Legal Actions - LeEco reported high defect rates of nearly 20% for products manufactured by Nanjing Zhongdian Panda, leading to significant after-sales costs [4] - After failed negotiations, LeEco initiated legal action in December 2021, resulting in a court ruling for compensation of approximately 13.47 million yuan [4][5] - Nanjing Zhongdian Panda changed its name shortly before the court's ruling, complicating the enforcement of the judgment [5] Group 3: Current Status and Market Position - Nanjing Zhongdian Panda was declared bankrupt in September 2025, further complicating LeEco's efforts to recover debts [6] - LeEco currently owes significant debts to external parties and has been marginalized in the competitive TV market, failing to appear in the top 20 brands [8] - The competitive landscape has shifted, with major brands dominating over 95% of the market share, leaving LeEco with a minimal presence [8][9] Group 4: Industry Trends and Future Outlook - Nanjing Zhongdian Panda has also become a marginal player in the TV manufacturing sector, losing its competitive edge [9] - The decline of both LeEco and Nanjing Zhongdian Panda reflects broader challenges faced by mid-sized enterprises in protecting their rights and adapting to market changes [10]