LeEco and Coolpad are working together on a high-end smartphone launching in August

When it's not buying American TV set makers, LeEco is busy purchasing controlling stakes in established Chinese smartphone manufacturers such as Coolpad. And now that the two companies have gotten closer (as LeEco holds a lot of Coolpad shares), they have also decided to collaborate on a new smartphone.
It's still unclear what this device will be called, but the result of the cooperation between LeEco and Coolpad will definitely be high-end. On the back, it will sport the ever more prevalent dual camera setup, as seen in the leaked image below which purportedly shows the phone.

It will also have a 5.5-inch QHD touchscreen, Qualcomm's Snapdragon 820 at the helm, 4GB of RAM, 64GB of built-in storage, and a 3,500 mAh battery. As every other flagship smartphone out of China in the past few months, this too will feature a unibody metal construction as you can see. It has a fingerprint scanner as well.
The device is expected to become official and go on sale sometime in August, so we'll surely find out more about it soon.
Source 1 • Source 2

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