Le.com, internet technology and content company founded by Jia Yueting, founder of Faraday Future (FF), reported a total debt with interest to be around RMB8 billion ($555.4 million) for the period ended September 30 during an interim shareholders’ meeting on November 19.

Le.com’s executives said the company is now preparing to respond to any potential bankruptcy and delisting requests, but didn’t elaborate.

“Our debt pressure at the moment is huge. Until the end of September, we owed our vendors and service partners over RMB5 billion,” Zhang Wei, Chief Finance Officer at Le.com, said.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com