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Faraday Future Intelligent Electric Carmaker Market Value Drops to $24.7 Million after Shipping 3 Cars with $3 Billion of Investment and SPAC Listing on Nasdaq in 2021 at $3.4 Billion Market Value, Faraday Future Founded in 2015 by Jiang Yueting Who is Founder of China Online Video Streaming Platform Leshi
30th September 2023 | Hong Kong
Faraday Future Intelligent electric carmaker market value has dropped to $24.7 million after shipping 3 cars with $3 billion of investment and a SPAC listing (Special Purpose Acquisition Company) on Nasdaq in 2021 at $3.4 billion market value. Faraday Future was founded in 2015 by Jiang Yueting who is the founder of China online video streaming platform Leshi. Earlier in September 2023, Leshi (LeEco, LeTV, Le.com) had been ordered by a China court to pay investors $274 million (CNY 2 billion) for suffering losses due to false financial statements. Leshi is founded by Jia Yueting in 2004 who had fled to United States in 2017 to escape the company’s debt crisis and was found guilty in 2021 of accounting fraud from 2007 to 2016.
“ Faraday Future Intelligent Electric Carmaker Market Value Drops to $24.7 Million after Shipping 3 Cars with $3 Billion of Investment and SPAC Listing on Nasdaq in 2021 at $3.4 Billion Market Value, Faraday Future Founded in 2015 by Jiang Yueting Who is Founder of China Online Video Streaming Platform Leshi “
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China Online Video Streaming Platform Leshi Ordered by China Court to Pay Investors $274 Million for Suffering Losses Due to False Financial Statements, Founded by Jia Yueting in 2004 Who Fled to United States in 2017 to Escape Debt Crisis & Found Guilty in 2021 of Accounting Fraud from 2007 to 2016
23rd September 2023 – China online video streaming platform Leshi (LeEco, LeTV, Le.com) has been ordered by a China court to pay investors $274 million (CNY 2 billion) for suffering losses due to false financial statements. Leshi is founded by Jia Yueting in 2004 who had fled to United States in 2017 to escape the company’s debt crisis and was found guilty in 2021 of accounting fraud from 2007 to 2016.
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