On November 8th, the results of the corruption incident at NetEase finally came to fruition. It is reported that many employees within NetEase have received the latest notification.
The announcement is as follows:
1、 Xiang, former head of the Battle and KK business units, Jin, head of the Interactive Entertainment Channel Distribution Center, Xu, employee of the Interactive Entertainment Market Center, Zhao, former employee of the Interactive Entertainment Channel Distribution Center, Wu, former employee of the Interactive Entertainment Market Center, Lu, former employee of the Battle business unit, and Lin, former employee of the Interactive Entertainment Market Center, were suspected of fraud, corruption, and illegal activities during their employment. They have been criminally filed by the public security organs and have taken criminal coercive measures in accordance with the law. Xiang, Jin, Xu, and Zhao have had their labor contracts terminated by the company and will never be employed.
2、 Employees Pan, Shen, and others from the Battle Business Unit have been suspected of fraud, corruption, and illegal activities during their tenure. They have been criminally filed by the public security organs and have taken criminal coercive measures in accordance with the law. Pan and Shen have had their labor contracts terminated by the company and will never be employed.
3、 Multiple external individuals involved in the case have been simultaneously subjected to criminal coercive measures by the public security organs in accordance with the law.
4、 27 companies related to this fraud, corruption, and illegal activities have been included in the list of entities that NetEase will never cooperate with.
Previously reported:
On November 7th, news of an anti-corruption investigation within NetEase Games spread online.
According to @ Phoenix Technology, NetEase Games has recently launched a strict internal investigation into corruption, involving multiple executives in the marketing department. Xiang, the general manager of NetEase Games' marketing department, and others have been taken away for investigation. The incident is still in its early stages, and it will take some time for the results to come out, "said an internal employee of NetEase." The marketing department is very large, with multiple departments including the channel center and marketing department. It is understood that most of the executives who were taken away this time came from the marketing department. According to public information, Xiang joined NetEase in 2013 and was responsible for the marketing of mobile games such as "Wilderness Action Plus", "Minecraft", and "Battle! Ping'an Jing".
In addition, several NetEase employees have reported that their company's computer screensaver has been uniformly replaced with compliance promotion@ Phoenix Technology has sought verification from NetEase Games regarding this news, but has not received a response as of the time of publication.
There are also rumors circulating that NetEase has been found to be suspected of money laundering.
On November 8th, in response to recent rumors about the anti-corruption investigation of NetEase Games, NetEase's public relations personnel responded on WeChat Moments, emphasizing NetEase's strict anti-corruption attitude internally and refuting the false rumors.
NetEase's public relations department stated that NetEase's anti-corruption efforts have never stopped. As the case is still under investigation, specific information cannot be disclosed and will be reported at an appropriate time. The money laundering and other rumors circulating online are purely rumors. NetEase has arranged to report this to the police and called for "no rumors, no belief in rumors, no rumors".
Since this year, many leading Internet enterprises have issued anti fraud notices, involving hundreds of employees who violated the red line of integrity and were dismissed, and many people who were suspected of committing crimes were transferred to the judicial authorities.
Some industry experts said that the internal anti-corruption of Internet giants is a necessary means to further strengthen internal and external supervision and improve the integrity mechanism of enterprises, which will help promote the high-quality development of the Internet industry.
On the secondary market, at the opening of November 8th, the stock price of NetEase S (9999) in Hong Kong quickly fell by more than 4%. Although it briefly rose during the trading session, it fell again by 4.03% as of midday closing. The stock price is reported at HKD 121.4, with a latest market value of HKD 389.8 billion.