Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
ByteDance Targets July Launch of Upgraded AI Video Model
Embodied AI Startup Kunlunxing Lands Multibillion Yuan Raise
Europe Has a Lot to Learn From China About Electric Trucks, Volvo CTO Says
LATEST
Europe Has a Lot to Learn From China About Electric Trucks, Volvo CTO Says
Embodied AI Startup Kunlunxing Lands Multibillion Yuan Raise
ByteDance Targets July Launch of Upgraded AI Video Model
China’s Starlink Challenger Seeks Up to $2.2 Billion for Satellite Network Push
New Model Propels Zhipu AI’s Market Value to Record HK$1 Trillion
In AI Pitch, Alibaba Chairman Urges Europe to Look Beyond U.S. Tech
Cover Story: China’s AI Boom Is Rewiring Its Power Grid
In Depth: How AI Is Rewiring White-Collar Work in China
Chipmaker YMTC Cedes Control of Foundry Unit Ahead of Mega IPO
Chinese Startup Manifold AI Raises Fresh Funding as Investors Bet on ‘World Models’
Crealights Takes Step Closer to Hong Kong IPO as Data Center Boom Fuels Growth Prospects
Tencent Lets AI Agent Make Purchases Through WeChat Pay
Galaxea AI Chief Says China Could Lead Robotics Models Within Three Years
SiliconFlow Raises $294 Million as China’s AI Inference Demand Surges
Ant Revamps Alipay With AI Assistant in Biggest App Overhaul
New Model Sends Zhipu AI’s Stock Soaring
DJI, Insta360 File Competing U.S. Patent Lawsuits Over Camera Tech
Cover Story: When Employees Leave, Their AI Clones Carry on Working
AI Stocks Zhipu, MiniMax Slide as Lock-Up Expirations Near
Japan’s Chip Exports to China Surge as Bilateral Trade Rebounds

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