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Executives of mobile gaming giant NetEase Games arrested for corruption (the company’s future is uncertain)

  • November 10, 2024
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The former head of the esports division of NetEase, the giant company behind the most popular mobile games, and the former general manager of NetEase Games were arrested

Executives of mobile gaming giant NetEase Games arrested for corruption (the company’s future is uncertain)

The former head of the esports division of NetEase, the giant company behind the most popular mobile games, and the former general manager of NetEase Games were arrested in China on charges of money laundering and bribery.

In addition to the former executives in question, Xiang Liang and Jin Yuchen, there were also several other company employees He was arrested as part of a corruption investigation reported. Chinese media outlet Leifeng claims that these individuals were involved in money laundering worth between 800 million and 1 billion yuan (approximately $111 million to $139 million).

NetEase Games has not denied the detention allegations

As the developments spread rapidly, it is stated that the company has dismissed a total of nine employees on bribery grounds as part of the internal investigation process. In a statement to Bloomberg Law, the company confirmed only that it was a police investigation and declined to share further information.

Yicai Global, on the other hand, stated that this incident was not limited to people within the company, but that several external individuals and companies were also directly linked to this corruption.

NetEase is known as the developer of games like Diablo Immortal and Naraka: Bladepoint, which are very popular on mobile and PC. They are also the team behind Marvel Rivals, which is preparing for release. The developments that have taken place Time will tell if this will affect the future of gaming or not..

Source: Web Tekno

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