The entrepreneur known as the 'Chinese Elon Musk” filed for chapter 11 bankruptcy in the U.S., with liabilities as much as $3.6 billion
A major investor in car maker Faraday & Future Inc., Mr. Jia filed for bankruptcy Monday with a plan to set up a creditor trust and relinquish his equity in Faraday owner Smart King Ltd. to help repay his debts.
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