Embattled EV-Maker Faraday Future’s Losses Widen

Controversial Chinese tycoon’s company has continued to delay mass production of its first model

CX Daily: How Bad Is China’s Manufacturing Exodus?

Goldman’s China wealth management venture gets the green light to launch its business. Plus, Richard Liu cashes out about $932 million from JD.com

Shanghai Composite Index Rose 0.88% on Monday

Shenzhen Component Index closed up 1.1%

Ping An Securities Hit by Business Ban for Leshi Sponsorship

Brokerage arm of insurance giant draws three-month IPO suspension for its role in the 2010 share sale of the scandal-plagued LeEco unit

Troubled EV-Maker Faraday Future Punishes Executives for Releasing Fake Data Before 2021 Listing

The California-based carmaker says an internal investigation found no evidence of other claims of inaccurate disclosures, including those made in a short seller report

LeTV Restores Employee Benefits After Sound Year-End Earnings

The streaming service provider had a financially sound 2021, according to an internal letter seen by Caixin

Faraday Future Refutes Delisting Concerns After Failing to File Earnings Report

Nasdaq-listed EV-maker had earlier received a warning letter from the bourse over the delay in filing its earnings, which the company blamed on a short seller report

Faraday Future Responds to Short-Seller Attack It Calls ‘Misleading’

Report alleges that the electric-vehicle company will indefinitely delay its 2022 mass production target because ‘three recent visits to the factory showed little activity’ and engineering problems remain unsolved

Faraday Future Shares Slump on Nasdaq Debut

Deal proceeds even as Zhuhai government drops out of $1 billion SPAC plan to fund Jia Yueting’s long-struggling electric-car startup

Jia Yueting, Other Leshi Former Executives Banned from Securities Market for Life

Jia, four other Leshi executives, barred for financial fraud committed over 10-year period, including 2010 IPO; ban comes on top of 240 million yuan fines imposed on Jia, Leshi

Leshi, Jia Yueting Each Fined $37 Million for Financial Fraud

Chinese securities regulator says former high-flying video streaming site and its founder committed financial fraud over 10-year period

Electric Vehicle Startup Faraday Future Raises $100 Million in Run-Up to U.S. Backdoor Listing

Company founded by disgraced online video pioneer Jia Yueting receives latest funding from Ares Management and Birch Lake

Trending in China: LeEco Proudly Shows Off Its Company Debt

EV Startup Faraday Future Seeks $1 Billion in Backdoor Nasdaq Listing

Merger with special purpose acquisition corporation and funding from cornerstone investors would generate funds to finally start vehicle production, company says

CX Daily: Ex-Finance Minister’s Call for Bond Market Reform Sparks Central Bank Pushback

Iron ore futures hit record highs in China. Boom or bubble? Huawei launches its in-car screens for smart vehicles