China's transformation wows foreign ambassadors

Chinese tech firm LeEco agrees to buy US TV maker Vizio for $2B

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At an event in Los Angeles, Jia promised "disruptive pricing" reminiscent of how it bundles video subscriptions with smartphone and smart TV purchases in China.

After the theatrical run, the movie will likely be offered for free streaming to LeEco and Vizio TV owners, but this is just one piece of a larger strategy to marry video subscriptions and hardware, Cheng said.

In a sign of its deepening relationship with moviemakers, the company brought on stage both "Great Wall" director Zhang Yimou and former Paramount Pictures president Adam Goodman.

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