Internet entrepreneur outed for defaulting on debts

The founder of Chinese internet company LeEco - a one-time technology success that's now facing a severe cash crunch - has been placed on a national list of debt defaulters after failing to comply with a court order.

Information on Jia Yueting, including his name and ID number, were disclosed on the defaulter website on Monday after he failed to comply with a verdict by Beijing No 3 Intermediate People's Court.

Jia had been ordered to pay Ping An Securities more than 470 million yuan ($71 million), including a fine for breaking a contract.