Jia Yueting was born in Xiangfen County, Linfen, Shanxi province, China in 1973.
He was the owner of former Singapore-listed company Sinotel Technologies. Before the privatization of the company, Jia Yueting owned 26% shares (113,606,856 number of shares) at 31 December 2014. Sinotel Technologies was the parent company of Xbell Union Communication and second-tier subsidiaries Shanxi Xbell Communication (Chinese: 山西西贝尔通信科技). A subsidiary, Xbell Investment, was sold by Sinotel Technologies to LeEco (Leshi Holdings (Beijing)), another company owned by Jia Yueting.
Jia also founded Le.com and later LeEco (Leshi Holding Beijing). In 2015 he purchased Coolpad Group from Guo Deying, via Lele Holding and intermediate holding company LeEco Global.