LeEco isn't taking things easy and only a month after it has purchased 11% more shares of telecommunications equipment company Coolpad for $135 million and has become the largest shareholder, the company is already working on their first smartphone.

The collaboration resulted in a new high-end smartphone that packs a 5.5-inch 2K display, Snapdragon 820 chipset, 4 GB of RAM, 64 GB of storage and a 3,500 mAh battery. There are dual rear cameras with a fingerprint scanner below. The interesting thing is that two user interfaces will be available, so you can either run EUI or Cool UI.