Moving to the tech world. The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to China before the end of 2017. Jia Yueting said that he needs to stay in the United States to raise funds for his electric car startup.

The China Securities Regulatory Commission last week ordered Jia to return to settle a mounting debt pile linked to his firms and to protect investors' rights. Jia said he has asked his wife, Gan Wei, and a brother to represent him in exercising shareholder rights and handling the sale of assets. LeEco has struggled to pay its debts after rapid expansion into multiple sectors sparked a cash crunch and a stock plunge that have led to multiple defaults. LeEco owed creditors over $1.5 billion US dollars at its peak.