Jia Yueting

Faraday Future seeks to raise capital after massive Q2 loss

Faraday Future, maker of the long-delayed FF91 EV, re-upped its commitment to raising funds while reporting Tuesday that its second-quarter operating losses more than quadrupled. The company posted an

Faraday Future demotes founder as management shakeup continues

Faraday Future, the troubled EV startup turned publicly traded company, has taken more disciplinary action as part of its now concluded internal investigation, including removing founder and former CE

Faraday Future plans to go public through a SPAC deal

Faraday Future, the electric vehicle startup with a messy and complicated past, is planning to go public through a special purchase acquisition company (SPAC) deal. The company’s chief executive Car

Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million

Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch

[Updated] Faraday Future investor Evergrande Health now says the troubled startup is trying to back out of deal

Update: Faraday Future has responded to Evergrande Health’s filing with a public statement claiming that “contrary to what Evergrande has told the press and its shareholders, neither FF&

Beleaguered electric vehicle firm Faraday Future gets $2B investment boost

There’s a rare moment of cheer for floundering electric car maker Faraday Future after it landed a new investor and a fresh commitment of capital. Evergrande Health, a division of Hong Kong-list

Leshi Internet says it must repay $890 million in debts by the end of 2018

Leshi Internet, one of China’s largest video-streaming services, disclosed that it must pay back 5.62 billion RMB (about $890 million) by the end of this year. Leshi Internet’s (also known as Le.c

Debt-laden tech firm LeEco’s founder ordered to return to China by securities commission

The founder of beleaguered tech conglomerate LeEco is facing yet another huge headache. Jia Yueting has been ordered by the China Securities Regulatory Commission’s Beijing branch to return to the c

Even a $2.2 billion investment couldn’t solve LeEco’s money problems

LeEco wanted too much too fast, and its overzealousness caught up with it almost immediately. Chairman Jia “YT” Yueting has long acknowledged the company’s cash problems in the wake of its rapid

LeEco founder Jia Yueting resigns as CEO of its publicly listed unit Leshi

Chinese tech conglomerate LeEco is reshuffling the executive roster of its publicly traded unit, Leshi Internet Information and Technology Corp., as it continues to struggles with cash flow issues and