Feed: Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics
Feed Link: https://www.engadget.com/
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Title: NetEase executives and workers were reportedly arrested amid a
corruption investigation

Date: Sat, 09 Nov 2024 18:00:55 +0000
Link: https://www.engadget.com/gaming/netease-execu...

The ex-head of NetEase's esports division and NetEase Games' former general
manager are said to have been arrested on money laundering and bribery
charges. Alongside ex-executives Xiang Liang and Jin Yuchen, several other
people who worked at the company were reportedly arrested over alleged
corruption.

As noted by Game Developer, Chinese outlet Leifeng reported that the former
employees in question allegedly laundered in the region of 800 million to 1
billion yuan ($111 million to $139 million). NetEase confirmed to Bloomberg
Law only that police were investigating possible corruption. The company is
said to have dismissed nine staff members for alleged bribery.

Several external individuals were also implicated, according to Yicai Global.
The outlet noted that, per an internal memo, NetEase will refuse to do
business with 27 companies that have been connected to the alleged fraud and
corruption.

NetEase is behind the likes of Diablo Immortal and Naraka: Bladepoint (the
latter of which averages more than 109,000 players on Steam at any given
time). It has two free-to-play shooters on the way based on major franchises,
namely Marvel Rivals and Destiny: Rising.

White collar crimes aren't quite a rarity in the games industry. Sonic the
Hedgehog co-creator Yuji Naka was last year handed a suspended prison
sentence and ordered to pay just over $1.1 million after admitting to insider
trading.

This article originally appeared on Engadget at
https://www.engadget.com/gaming/netease-execu...
reportedly-arrested-amid-a-corruption-investigation-180055502.html?src=rss

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