Leshi's California-Based Vizio to Pay USD2.2 Million in Legal Settlement With US Regulator
Yicai Global
/SOURCE : Yicai
Leshi's California-Based Vizio to Pay USD2.2 Million in Legal Settlement With US Regulator

(Yicai Global) Feb. 8 -- Vizio Inc., a consumer electronics and smart-TV maker which retains the second largest market share in the US and is owned by China's tech company Leshi Holdings Co. [SHE: 300104], will pay USD2.2 million to settle a case with the US Federal Trade Commission (FTC).

Vizio has agreed to pay USD2.2 million to settle charges that it illegally collected data about viewing habits of TV users, according to the FTC website. The Federal Trade Commission and the Office of the New Jersey Attorney General accused Vizio of installing software on its smart TVs to collect viewing data on 11 million consumer TVs without consumers' knowledge.

As part of the settlement, Vizio needs to delete the data collected before March 1, 2016 and implement a data privacy program, which will be assessed biennially, said the FTC announcement.

Vizio is the largest TV maker in the US and sells about 8 million TVs every year. It holds more than 30 percent share in North America's smart-TV market. Leshi Holdings bought a 100 percent stake in Vizio for USD2 billion last July.

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