Beijing, (IANS) : Chinese internet and technology conglomerate LeEco on Tuesday announced receiving $600 million in funding from Chinese institutional investors and that it has appointed Anthony Gao (Gao Jun) as new President for its Asia-Pacific (APAC) region.

Gao currently heads LeEco’s virtual reality (VR) and augmented reality (AR) as well as MFL (Made for LeEco) arms, the company said in a statement.

“True innovative entrepreneurs can see the investment value of LeEco and its enormous growth potential in the future,” said Hank Liu Hong, co-founder and Vice Chairman of LeEco.