LeEco To Buy Boss Jia Yueting Wife’s Video Firm, Deal Gives Her 30X Return

Login to View

It was a good day for Jia Yueting, a controversial billionaire and founder of Chinese technology conglomerate LeEco. After months of being on the brink, he was finally able to breath a sigh of relief after around RMB15 billion life-saving capital were transferred to LeEco’s various subsidiaries to ensure their continued operations.

But it was a far better day for Jia’s wife Gan Wei (pictured), an actress-turned-entrepreneur. As LeEco’s listed entity Leshi Internet Information & Technology Corp. announced plans to acquire Gan’s web TV production firm, the young founder is set to see her initial investment of RMB9.3 million turn into RMB286 million, achieving a return of over 30 times during a 21-month period, a spectacular performance for a first-time entrepreneur.

China Money Network

UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech


Read 2 Articles for Free with a Basic Account

Gain limited and restricted access to China Money Network.

Register Basic Account

Subscribe for an annual subscription!

Enjoy comprehensive and exclusive data you can't find elsewhere!

More Info


Subscribe and Pay Easily Online!

Already have an account or paid subscription? Log in

China Money Network Subscription

RELATED NEWS