On the other hand, Bradley Gastwirth, CEO of equity research firm ABR Investment Strategy, believed the price was fair, noting that the deal also offered LeEcho access to Vizio's data business, Inscape. "Inscape will still be owned 51 percent by William Wang, with the remaining 49 percent by LeEcho," Gastwirth said.
Jia, who in the past has criticized Apple for its lack of innovation, said on Tuesday that he believes Chinese and U.S. companies can become "very good friends."
His comments come amid a wave of controversy regarding China Inc's expanding presence in the U.S.
Chinese investment in the U.S. rose to a record high last year as companies embarked on an aggressive shopping spree amid a worrisome domestic backdrop of volatile stocks, a depreciating renminbi and a marked economic slowdown.
"Like we always say, LeEco looks like an enemy to all, but actually we are the best ecosystem partner for everyone," Jia said.
He wishes to cooperate with U.S. tech rivals such as Amazon and Netflix, noting that "they can all become very good friends."
"In the U.S. our model is an open content ecosystem, so we want to open our cloud platform, e-commerce platform, big data platform, software, and hardware to our partners, so there is good opportunity for us to cooperate..."
For U.S. consumers, this acquisition should bolster the visibility of LeEcho's brand name seeing the Chinese conglomerate remains unknown to many Americans, commented Gastwirth.
—CNBC's Lauren Thomas and Haze Fan contributed to this report.