Jia Yueting, founder of Leshi and electric vehicle maker Faraday Future, completed bankruptcy proceedings in the US earlier this month. Photo: Reuters
Jia Yueting, founder of Leshi and electric vehicle maker Faraday Future, completed bankruptcy proceedings in the US earlier this month. Photo: Reuters

Jia Yueting’s Leshi, ‘China’s Netflix’, delists from Shenzhen exchange with a final market cap down 99.6 per cent from its peak

  • The company’s valuation sank to 718 million yuan (US$102.7 million) on its final day of trading, from an all-time high of 170 billion yuan in 2015
  • Firms controlled by founder Jia Yueting still owe Leshi some 7.53 billion yuan

Jia Yueting, founder of Leshi and electric vehicle maker Faraday Future, completed bankruptcy proceedings in the US earlier this month. Photo: Reuters
Jia Yueting, founder of Leshi and electric vehicle maker Faraday Future, completed bankruptcy proceedings in the US earlier this month. Photo: Reuters
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