The company founded by embattled entrepreneur Jia Yueting said its loss for last year widened to 11.3 billion yuan (US$1.6 billion) from 4.1 billion yuan in 2018

Founders of Ofo, LeEco and now Smartisan have to navigate China’s punishing debtor blacklist

Start-up founded by high-profile Chinese entrepreneur Jia Yueting bought the land in 2015 to construct a plant for its flagship model FF91, but plans were scrapped in 2017 after his financial situation worsened

The Eastern Caribbean Supreme Court in the British Virgin Islands rules in favour of To-Win Capital, allowing it to proceed with freezing Jia Yueting’s 33pc stake in Faraday Future.

Evergrande Health shares sink as much as 37 per cent on Monday, the biggest intraday drop in nearly four years.

Faraday Future is a California-based electric car company run by Chinese businessman Jia Yueting. It aims to challenge Tesla, but has so far struggled to begin production.

‘How can I cut off an arm, when the head is already off?’, asked Sunac’s chairman Sun Hongbin, responding to a question on whether he will continue to seek cost cuts in the ill-fated investment

EEmbattled streaming company faces legal action to liquidate its assets, while customers fear subscription fees may be forfeited

Court petition from broadcast rights company comes as subscribers still in the dark over why channel’s English Premier League coverage has gone off the air

Shenzhen-listed video streaming arm of debt-ridden Chinese conglomerate LeEco unveils first full-year in the red since listing in 2010

The High Court order came after LE Corporation filed a winding-up petition to liquidate its business in December last year.

Self-made internet entrepreneur Jia Yueting once ranked among China’s richest men, but overexpansion and a funding crunch have him scrambling to save his sprawling tech empire.