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Chinese Court Freezes $182 Million From Faraday Future Backer

Fri Jul 07 11:04:45 EDT 2017 | Carscoops
A court in China has frozen $182 million in assets of Jia Yueting, the billionaire founder of LeEco and the major backer of U.S. electric car startup Faraday Future. Earlier this week, the Shanghai High People’s Court announced the move because of LeEco’s repeated failure to pay interest due on loans despite multiple requests for repayment. The decision to freeze many of Yueting’s assets also comes after he stepped down as chief executive of LeEco a few weeks ago and then on Thursday, relinquish..

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A court in China has frozen $182 million in assets of Jia Yueting, the billionaire founder of LeEco and the major backer of U.S. electric car startup Faraday Future. Earlier this w..
Photo: DOUG MILLS, NYT LeEco tycoon steps down The embattled Internet tycoon behind struggling Chinese tech company LeEco has resigned from all his positions at the company’s publi..
Chinese Internet tycoon and LeEco founder Jia Yueting’s ambition to challenge the likes of Apple and Tesla looks even more in doubt after $182 million of his assets were frozen by ..
HONG KONG The founder of China's struggling tech group LeEco, Jia Yueting, on Thursday pledged to take full responsibility for the company's debt troubles amid a deepening financia..
Chinese Internet tycoon and LeEco founder Jia Yueting has quit as chairman of LeEco’s listed arm amid mounting financial woes for the digital and hardware giant. Leshi Internet Inf..
Assets linked to Chinese tech giant LeEco have been frozen in a dispute with a creditor, a unit of the troubled company has confirmed, highlighting its perilous financial state. Ch..
TAIPEI/BEIJING Chinese tech group LeEco, which has interests ranging from smart cars to online content, is facing growing pressure from its creditors and business partners, with on..
TAIPEI/BEIJING Struggling Chinese tech group LeEco is under growing pressure from its creditors and business partners, with a court in Shanghai ordering a freeze on some of its ---..
Jia Yueting, the founder of China’s cash-strapped LeEco, has stepped down as Chairman of the internet and technology giant’s main listed unit, Leshi Internet Information. The move ..
Cash-strapped LeEco's CEO Jia Yueting has pledged in an open letter on Thursday to take full responsibility and repay all debts. "I will assume all responsibilities, and will do so..
Cash-strapped LeEco's CEO Jia Yueting has pledged in an open letter on Thursday to take full responsibility and repay all debts. "I will assume all responsibilities, and will do so..
Cash-strapped LeEco's CEO Jia Yueting has pledged in an open letter on Thursday to take full responsibility and repay all debts. "I will assume all responsibilities, and will do so..
A Shanghai court reportedly froze 1.2 billion yuan ($180 million) in assets owned by LeEco subsidiaries, its chairman and CEO Jia Yueting and his wife, according to local media rep..
Not long ago, LeEco was a relatively unknown consumer electronics giant in China. After the company and its founder launched not one, but three different EV projects (Faraday Futur..
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