贾跃亭大化债，下周回国？

Core Viewpoint - Jia Yueting is attempting to resolve his substantial debts through innovative financial maneuvers, including acquiring a listed company to facilitate a cryptocurrency investment strategy aimed at repaying his debts [2][5]. Group 1: Debt Management Strategy - Jia Yueting claims to have settled his $20 billion foreign debt by converting it into shares of his electric vehicle company, Faraday Future (FF), offering creditors a 17.2% stake contingent on FF reaching a market valuation of $16 billion [3][5]. - The current market valuation of FF is approximately $241 million, indicating that creditors would only recover about 1% of their investment if they accepted the debt-to-equity swap [3][6]. Group 2: Acquisition of a Listed Company - Jia Yueting has invested $41 million to acquire a listed company that previously focused on innovative pharmaceuticals, which he plans to repurpose for his cryptocurrency business [6][8]. - His personal investment in this acquisition amounts to $4 million, representing a 7% stake in the company [6]. Group 3: Cryptocurrency Fund and Financial Projections - The strategy involves creating a cryptocurrency investment fund with a target of raising $500 million to $1 billion, from which Jia would earn a management fee of approximately 3% [8]. - If the fund reaches $1 billion, the expected annual management fee income would be $30 million, which, after costs, would yield only $5 million for debt repayment, suggesting it would take approximately 2,800 years to repay his $14 billion domestic debt [8][10]. Group 4: Challenges and Market Viability - The success of Jia's plans hinges on the performance of both FF and the cryptocurrency venture, with skepticism surrounding his ability to attract investment given the lack of financial, technical, and political advantages [10]. - Despite the challenges, Jia Yueting continues to acknowledge his debts and is actively seeking various methods to repay them [10].