Leshi Internet Information and Technology, previously known as LeTV,  has been questioned by Shenzhen Stock Exchange regarding its smart TV subsidiary Lerong Zhixin’s new blockchain business, our sister site has reported (in Chinese). The company is under the suspicion of using blockchain buzzwords to hype up its stock price.

Lerong Zhixin (formerly known as Leshi Zhixin or LeTV Zhixin) announced plans on July 11 to launch a new smart hardware dubbed “One-chain Box” (一链盒子)  in partnership with One Chain Technology. Lerong Zhixin also revealed that it will collaborate further with One Chain Technology in other areas of blockchain business including launching fundraising and token projects. The company also claimed that One Chain Technology’s shareholders and managing staff previously took on “key roles” within the Leshi ecosystem.

According to the rather undetailed product description in local media reports, One-chain Box is an OTT (over-the-top) TV box that allows users to watch digital content at no cost. It rewards users for sharing their idle bandwidth and for the attention they spend on ads.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.