Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Was the Driver Who Deliberately Crashed His Bus Killing 21 Evil or a Victim? Netizens Discuss
Foxconn Plans to Invest $1 Billion to Expand iPhone Production at Indian Factory: Reuters
Money-Losing Electric Carmaker Li Auto Files for U.S. IPO
Platform Serving China’s Takeout Delivery Workers Jumps 28% in Nasdaq Debut
SenseTime Builds AI Computing Platform in Shanghai Amid ‘New Infrastructure’ Push
WeRide to Test Fully Autonomous Vehicles in Guangzhou
Trending in China: Why Are Chinese Netizens Saying Kanye West Could be ‘China’s First’ U.S. President?
Trending in China: Will Weibo’s Fight Against Porn Have Other Unintended Side Effects
Tencent Leads $40 Million Investment in Online Art Educator
Alibaba Aims to Facilitate $1.4 Trillion in Sales Annually By 2024
Trending in China: Death of Giant Panda Cubs Sparks Concerns About Treatment of ‘National Treasure’
China CFO of Indian Oyo Quits to ‘Pursue Other Professional Opportunities’
Sequoia Capital Opens Its First Tech Incubation Center in Shanghai
Some 266 Foreign-Invested Firms Approved to Offer Telecom Services in China in First Half of 2020
Trending in China: Should Internet Celebrities Be Part of the School Curriculum?
Sequoia China Leads Nearly $100m Round in Storytelling App Kuaidian
Medical Robot Maker Finds Elixir in STAR Board’s Market Reforms
Trending in China: Outrage Ensues as Updated U.S. Student Visa Policies Force International Students into a Dilemma
Tencent’s PUBG Mobile Game Hits $3 Billion Milestone
Luckin Coffee Shareholders Vote to Remove Chairman, Bloomberg Reports
Trending in China: Former Didi Exec Fired for Corruption But People Want to Know How Deep the Rot Goes

By Heather Mowbray / Jun 18, 2020 11:13 AM / Business & Tech

What’s trending?

A former senior Didi Chuxing executive surnamed Yu has been fired after an internal investigation found he took “huge bribes,” shopping vouchers and even cars in return for his “help” in securing contracts with external suppliers, both Chinese and non-Chinese.

What’s the story?

As part of an extensive internal anti-corruption campaign, Didi Chuxing announced Tuesday the latest results of a string of bribery cases investigated by its risk control and compliance department in 2020 so far. The results were posted on its public anti-corruption WeChat account entitled, “Clean Didi”, and reported on by Sina. Former executive Yu, whose department is not named in the report, has been fired without compensation, and put on Didi’s employment blacklist, with his illegally gained income to be confiscated. Contractors who facilitated his illicit deals will be dealt with according to their bilateral contracts and the “Sunshine Integrity Code of Conduct,” agreed to at a summit of top Chinese firms in 2017.

Since the start of 2020, Didi’s internal watchdogs have cooperated with multiple departments to investigate and deal with 17 cases of fraud involving 30 violations, leading to 20 employees being dismissed for serious misdemeanors. Two people suspected of receiving illegal payments had their cases sent to public authorities.

What are people saying online?

The story is trending with over 2 million views, and many Weibo users are curious how much money was actually exchanged. They also want to know which department Yu ran.

Under the hashtag #Didi Senior Exec Takes Huge Bribes and is Penalized Harshly, a Weibo user wrote, “the anti-corruption storm swept car companies in 2019! Didi is always carrying out anti-corruption actions, but corruption remains. Not heavy-handed enough?” Another bemoaned the lack of “clean” companies, while some speculated that Yu must have interfered with someone else’s benefits.

Contact editor Marcus Ryder (marcusryder@caixin.com)

Related: Didi Employees Involved in Over 60 Internal Corruption Cases Last Year


Share this article
Open WeChat and scan the QR code