The very rich person prime supporter of battling Chinese innovation mammoth LeEco has challenged a request from controllers to come back to the nation. 

Jia Yueting had been given until the finish of 2017 to return to China from the US and manage mounting obligations.

Be that as it may, he has reacted with a message via web-based networking media, saying he intended to stay and concentrate on his electric auto business.

Mr Jia said that his sibling and spouse were in China, and had authorisation to follow up for his benefit.

A month ago, the business person was put onto an official rundown of obligation defaulters more than countless dollars worth of unpaid advances.

Cost-cutting

LeEco was for some time known as the Netflix of China, an organization that spilled content and inevitably began making its own particular unique material.

However, it at that point drew correlation with any semblance of Apple and Tesla when it started fanning out into equipment, including a shrewd TV, telephones and electric autos.

LeEco began offering gadgets in the US at the last part of 2016, yet as obligations mounted was compelled to slice costs, including making work cuts.

Last July its electric auto business Faraday Futures suspended plans for a $1bn (£775m) electric auto industrial facility in Nevada. It additionally hauled out of a joint venture with British carmaker Aston Martin to plan and fabricate an electric auto.

Gaining ground

Mr Jia has pointed the finger at LeEco's obligations on one bank which sued him after he was "just a minor two weeks past due on a 30 million premium installment".

In the note posted on Weibo, Mr Jia said that his US-based electric auto business needs his consideration.

"The raising money for Faraday Future in the United States is gaining huge ground and there are many undertakings I have to push forward," he said.

Mr Jia, 44, surrendered as LeEco CEO in May a year ago, yet holds his position as executive.

Resources having a place with him, his better half and three partners were blocked last July by a Shanghai court.