Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
Unitree Shares Decline as Founder Flags Limits of Humanoid Robots
LATEST
Alibaba’s Profit Plunges as E-Commerce Business Falters, AI Investment Jumps
YMTC Moves Closer to Shanghai IPO
Unitree Shares Decline as Founder Flags Limits of Humanoid Robots
AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
China’s LandSpace Recovers Booster in Reusable Rocket Breakthrough
Spacecom Raises $1.94 billion in Bet on China’s Starlink Rival
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
Alibaba to Sell Gaming Unit as It Sharpens AI Focus
China’s DJI and Arashi Vision Escalate Battle for 360-Camera Market
Didi Swings to Quarterly Profit, but Overseas Push Weighs on First-Half Results
Z.AI Pushes AI Model With Coding Edge to Rival Anthropic, Open AI
DeepSeek Launches V4-Pro and Raises API Prices by as Much as 1,100%
Tencent Shares Fall as AI Spending Squeezes Profit
Honor’s New Smartphone Doubles as a Robotic Camera Operator
YMTC Overtakes Kioxia by Shipments to Rank No. 3 in Global NAND Market
ModelBest Begins Pre-IPO Tutoring as On-Device AI Competition Heats Up
U.S. Proposes Ban on Domestic Drone Maker Over Alleged DJI Ties
Manus Cuts Ties With Meta as Tencent Emerges as Top Backer
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters

By Han Wei / Jan 19, 2019 02:06 AM / Business & Tech

Photo: VCG

Photo: VCG

Internal corruption may have cost DJI Technology Co. Ltd. 1 billion yuan ($150 million) in 2018 for overspending on procurement, the Chinese drone maker said.

Shenzhen-based DJI, the world’s largest consumer drone manufacturer, has set up an internal inspection team to investigate the cases, DJI told Caixin Friday.

An internal company report seen by Caixin showed that about 45 employees have been punished, including some who are being handed over to law enforcement departments. Most of the corruption cases are linked to the DJI supply chain management and procurement department.

According to the report, some employees have taken kickbacks from suppliers or colluded with research people to grant favors to certain suppliers. The investigation has detected large-scale corruption in the company that may involve over 100 people, the report found.

DJI has yet to publish its 2018 results. The company posted 18 billion yuan of sales revenue in 2017, up 80% from the previous year.

Chinese tech giants have stepped up efforts to fight internal corruption. Earlier this month, ride-hailing company Didi Chuxing said its compliance staff found more than 60 cases of corruption within the company last year. A total of 83 people were dismissed for “severe violations” of company rules, Didi said.

Other tech leaders, including Baidu, Tencent, JD.com and Xiaomi have also previously reported cases of employee graft.

Related: China’s Craigslist, 58.com, Fights Internal Corruption

Share this article
Open WeChat and scan the QR code