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Browsing the "Jia Yueting" Tag

China Keeps A Tight Leash On Its Businesses To Avoid Scandals

January 3rd, 2018 | by Nicolas Zart

China might be the world's biggest polluter but perhaps no other country has done more to clean up its act and step up to its cleantech international stewardship in the past several years. But all of this comes at a price. Often times, it means reprehending its own businesses to avoid global scandals


LeEco & Faraday Future Founder Jia Yueting Skips Out On Chinese Authorities

January 2nd, 2018 | by Nicolas Zart

Things are not looking any better for electric vehicle (EV) maker Faraday Future (FF) now that its CEO and co-founder, also LeEco's Founder, defied an order from Chinese authorities to come back and explain himself for his lack of financial performance. Jia Yueting was once portrayed as a rising Chinese star (and billionaire) potentially following in the footsteps of Elon Musk


Billionaire Behind LeEco (& Faraday Future) Slashes His Pay To 1 Yuan Because Firm Is Running Out Of Cash From Rapid Expansion

November 8th, 2016 | by James Ayre

Following on our earlier report that Faraday Future was behind on the payment of a $21 million deposit to the construction firm AECOM, the billionaire behind the electric vehicle firm, as well as LeEco and reportedly now Atieva to some degree, has released a letter to employees at LeEco admitting that the tech giant was running out of cash because of rapid expansion



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