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LeEco's billionaire founder pleads for time as creditors close in

Mr Jia says that he has decided to devote his time to developing a futuristic electric car.


LEECO chairman Jia Yueting asked for more time to repay debt and realise his ambitions of disrupting the vehicle industry, days after a Chinese court froze billions of dollars in assets controlled by him and associated companies.

The increasingly beleaguered tycoon, who...

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