Chinese entrepreneur Jia Yueting, founder of embattled tech giant LeEco, has defied orders from Beijing regulators to return home to China.
The disgraced mogul instead sent his wife and brother, saying he needed to remain in California to focus on his ailing electric car startup.
China's stock market regulator issued an order on Dec. 25 for Jia to fly back to the country before the end of 2017 to deal with a debt crisis at LeEco's publicly listed internet video subsidiary, Leshi Internet Information & Technology Corp. The China Securities Regulatory Commission said that despite repeated attempts...
The disgraced mogul instead sent his wife and brother, saying he needed to remain in California to focus on his ailing electric car startup.
China's stock market regulator issued an order on Dec. 25 for Jia to fly back to the country before the end of 2017 to deal with a debt crisis at LeEco's publicly listed internet video subsidiary, Leshi Internet Information & Technology Corp. The China Securities Regulatory Commission said that despite repeated attempts...
- 1/2/2018
- by Patrick Brzeski
- The Hollywood Reporter - Movie News
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