Year-ender: Businessmen who made headlines in China

Jia Yueting

The founder of LeEco and Farady Future filed for bankruptcy and restructuring in the US on Oct 13.

On Dec 6, Jia attended a hearing on the bankruptcy reorganization in the US, and he once again persuaded creditors to pass his bankruptcy, and offered a plan to mass produce an FF 91 electric car to pay off his huge debts.

According to a statement from Faraday Future on Oct 13, Jia has repaid over $3 billion worth of debts, with an unpaid amount of around $3.6 billion.

Jia went to the US in 2017, and has never returned to China to face his domestic debt lawsuits in the recent two years.

Currently, Jia has been listed among dishonest debtors on China's highest level on the credit default blacklist.

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