HONG KONG: Chinese billionaire Jia Yueting’s cash crunch may be starting to affect his expansion into new businesses.
Jia made a fortune from his Netflix-like video business and used the profits to move into a dizzying array of businesses, including smartphones, TVs and electric vehicles. But his effort to take on Uber-killer Didi Chuxing in car-hailing may have hit a serious roadblock.
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