Jia Yueting unveils an all-electric battery concept car during a ceremony in Beijing in April 2016. By November of the same year he admitted the company had expanded too fast and faced a cash crunch. Photo: Reuters

Chinese billionaire Jia Yueting’s vision of an empire to rival Apple, Tesla and Amazon is fading fast

A Shanghai court has frozen the 16 billion yuan stake Jia owns in LeEco’s Shenzhen-listed Leshi Internet Information & Technology Corp.

Topic |   LeEco

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Jia Yueting unveils an all-electric battery concept car during a ceremony in Beijing in April 2016. By November of the same year he admitted the company had expanded too fast and faced a cash crunch. Photo: Reuters
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