NetEase Games Executives Arrested In $139M Bribery, Money Laundering Scandal: Report

Quick Summary:

According to reports from Bloomberg Law, the company's General Manager Xiang Lang, along with esports lead Jin Yuchen and several other employees were arrested on charges of bribery and money laundering.

NetEase Inc’s (NASDAQ:NTES) NetEase Games, one of China's leading gaming companies, is facing a corruption scandal.

Benzinga has reached out to NetEase for comment, but the company has not responded as of ...

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Article Details

Author / Journalist: Franca Quarneti

Category: Technology

Markets: United StatesChina

Topics: Tech Gaming General Markets NTES Video games Corruption China Gaming US64110W1027 Asia Bloomberg Law Bribery Gaming Money laundering Legal Benzinga Money Laundering Allegations Global News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 18:20:39 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 220 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23524029

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Official Website: benzinga.com

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