Last Friday (8), Chinese authorities arrested several executives from NetEase, a technology and gaming company, on suspicion of corruption and money laundering. Among those detained are the company's general manager, Xiang Lang, and the head of the eSports division, Jin Yuchen. The operation dismantled an alleged bribery scheme, directly affecting the relationship between NetEase and 28 of its suppliers.
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Investigations indicate that the case caused losses of approximately US$139.3 million (R$806 million) to the company. In response, NetEase announced the dismissal of nine employees involved in the scheme, whose profiles were removed from the company's internal systems. In addition, as a symbolic and preventative measure, the company changed the wallpapers on employees' computers to highlight its compliance policies.
Cooperation with authorities and compliance measures
Following the arrest of the executives, NetEase issued a public statement indicating that it will continue to cooperate with the investigations conducted by the local police. However, this is not the first time the company has faced corruption allegations. In September 2023, it had already dismissed other executives on suspicion of involvement in similar embezzlement schemes.
Therefore, to prevent further incidents, NetEase has reinforced its compliance guidelines. According to the company, the goal is to create a transparent and legally compliant work environment, as well as to protect business relationships with its suppliers and partners.
History and impact on the gaming market
NetEase is one of China's largest technology companies, primarily known for developing games for mobile devices. In recent years, the company has invested in international partnerships and the development of games for consoles, seeking to strengthen its global presence in the digital entertainment sector.
Among its most recent projects, NetEase announced a collaboration with developer Bungie to create “Destiny: Rising,” a spin-off game from the Destiny franchise, aimed at mobile devices. The company also launched “Marvel Rivals,” a 6v6 shooter featuring Marvel heroes, and is expected to resume operations of “World of Warcraft” in China soon. In addition, NetEase owns renowned studios such as Quantic Dream and Grasshopper Manufacture.
The NetEase case: losses and the importance of compliance
The arrests and the multimillion-dollar losses represent a severe blow to NetEase's image and its business operations. The company, which in recent years has expanded its partnerships with Western companies, now faces the challenge of restoring its reputation in a competitive and high-growth market.
NetEase has stated that it will continue to improve its corporate integrity and control mechanisms. The Chinese company reaffirmed that respect for local and international law is fundamental to ensuring transparency and trust in its business relationships.