Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Alibaba Tech Tapped to Provide Olympic Athletes With AI Assistants
China's AutoFlight Rolls Out World’s First 5-Ton eVTOL
Satellite Chipmaker Cygnus Raises $215 Million as China Internet-in-Space Push Accelerates
LATEST
China's AutoFlight Rolls Out World’s First 5-Ton eVTOL
Alibaba AI App Crashes After 3 Billion Yuan Giveaway Sparks Frenzy
Satellite Chipmaker Cygnus Raises $215 Million as China Internet-in-Space Push Accelerates
Alibaba Tech Tapped to Provide Olympic Athletes With AI Assistants
Satellite-Maker Spacety Kicks Off IPO as China’s Commercial Space Race Heats Up
Beijing Humanoid Robotics Hub Raises $100 Million in First Funding Round
Analysis: Alibaba’s New Processor Shows Applications Are Key to AI Chip Success
Aerofugia Raises Nearly $150 Million to Get Flying Taxis Certified
Alibaba Pledges $432 Million in Lunar New Year AI Subsidy War
In Depth: Megvii Co-Founder Is Back Riding the Latest AI Wave
China Fines Kuaishou Unit $3.8 Million for E-Commerce Violations
Chips Drive China’s Electronics Exports
Robots Take the Stage at China’s Spring Festival Gala
Alibaba Unveils New AI Chip to Rival Nvidia’s China Offerings
ASML Expects China Revenue Drop Following Backlog-Fueled Surge
China’s Telecom Industry Stalls as Traditional Revenue Dries Up
TikTok Outage Puts New U.S. Operations to the Test
Moonshot AI Gets More Into Agents With New Model
Texas Doubles Down on China Tech Ban, Adding AI and E-Commerce Giants
Chinese GPU-Maker Challenges Nvidia in Three-Year Development Plan

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