The Chinese founder of LeEco, who once vowed to take on Tesla with his self-driving vehicle ventures, has been blacklisted on China’s national debtors’ database.
Jia Yueting began the year by showing off an electric car built by Faraday Future, a US tech company of which he is the only known investor.
He ended it by being put on China’s national blacklist of “discredited” people, enforced by the country’s Supreme Court, which can penalise the worst-offending serial debtors with punishments such as travel bans.
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