Jia Yueting has all the trappings of a successful Chinese tech entrepreneur with global ambitions.
A self-made billionaire who got his start as the IT guy at his local tax bureau, Jia’s flagship internet-video company now sports a $ 15 billion market capitalization and a buy rating from Goldman Sachs Group Inc. Donning hoodies and t-shirts, he boasts of plans to take on Apple Inc. in smartphones and surpass Tesla Motors Inc. in electric cars. Jia’s Faraday Future has lured staff from Ferrari and BMW, and won the backing of Nevada’s governor to construct a $ 1 billion auto plant in North Las Vegas — about 400 miles from where Tesla broke ground on a giant battery factory in 2014. Read more…
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