Caixin
Dec 26, 2017 07:45 PM
BUSINESS & TECH

Will LeEco Founder Obey Regulator and Return to China?

Despite its demand that Jia Yueting return to China before the end of the year, China’s securities regulator cannot compel LeEco’s founder to come back from the U.S., where he currently resides. Photo: Visual China
Despite its demand that Jia Yueting return to China before the end of the year, China’s securities regulator cannot compel LeEco’s founder to come back from the U.S., where he currently resides. Photo: Visual China

China’s security regulator has asked Jia Yueting, the founder of embattled technology firm LeEco, to return to the country to “fulfill his duties” to the company’s investors.

On Dec. 25, the Beijing branch of the China Securities Regulatory Commission (CSRC) demanded Jia come back to China before the end of the year, perform his duties as the de facto controller of LeEco, help solve the company’s problems and protect investors’ interests.

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