Jia Yueting and LeEco and others have had 1.41 billion yuan reinstated for enforcement

NightAirdropper · 2026-03-08T01:42:35+00:00

Leshi Holdings and Jia Yueting recently had their enforcement information for the recovery of over 14.1 billion yuan executed by the Beijing No. 3 Intermediate People's Court. Leshi Holdings was established in 2011, with Jia Yueting holding approximately 92% of the shares. He resigned due to Leshi's debt crisis and is now focusing on his electric vehicle company Faraday Future, which is facing massive losses and low delivery volumes.

NightAirdropper

2026-03-08 01:42:35

Abstract generation in progress

On March 6th, Tianyancha’s risk information shows that recently, LeEco Holdings (Beijing) Co., Ltd., Jia Yueteng, and others have added a notice of resumed enforcement, with a target of over 1.41 billion yuan. The enforcement court is the Beijing Third Intermediate People’s Court.

It is reported that LeEco Holdings (Beijing) Co., Ltd. was established in September 2011, with Wu Meng as the legal representative, a registered capital of 1 billion RMB, and business scope including project investment, investment management, asset management, and investment consulting.

Shareholder information indicates that the company is jointly held by Jia Yueteng, Hui Xin Asset Management (Tianjin) Partnership (Limited Partnership), Chenxi Asset Management (Tianjin) Partnership (Limited Partnership), and Jia Yuefang, with Jia Yueteng holding approximately 92%.

It is known that Jia Yueteng is the founder of LeEco. He founded LeTV early on, which was listed on the Shenzhen Stock Exchange’s ChiNext in 2010, becoming China’s first video-related listed company. Starting in 2016, LeEco faced a debt crisis due to rapid expansion and tight cash flow. The crisis escalated in 2017, and after resigning from LeEco-related positions, Jia Yueteng went to the United States, where he has remained overseas for a long time.

Currently, Jia Yueteng’s main focus is on Faraday Future (FF), the American new energy vehicle company he founded. In the third quarter of 2025, the company’s financial report shows revenue of $37,000 and a net loss of $222 million, with an asset-liability ratio of 112.53%.

In terms of delivery results, Faraday Future has delivered fewer than 30 vehicles since its establishment, including 10 in 2023, 4 in 2024, and approximately 17 in 2025.

Previously, he publicly stated, “The day I succeed in making cars and pay off my debts will be the day I return to China.”

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