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.