Chinese billionaire entrepreneur Jia Yueting recently had some harsh words for Apple. During a speech at the China Entrepreneur Club (subsequently summarized by CNBC), Yueting boldly called Apple outdated while emphatically intimating that the tech world has effectively passed Apple by. Driving the point home, Yueting said that Apple’s product design chops were “obsolete.”
Now I know what you’re all wondering: who in the world is Jia Yueting?
It’s a fair question, and though Yueting is far from a household name outside of China, Yueting, through his company LeEco, has his hands in all sorts of products and services. Not only is LeEco often regarded as Netflix of China, the company also develops smartphones, HDTVs, and more recently, electric vehicles. Put simply, Yueting has aspirations to take on both Apple and Tesla.