Corruption charges rock NetEase Games: Key figures fired and investigation launched

Source Cryptopolitan

NetEase Games fired nine employees due to their alleged involvement in bribery and money laundering. The game studio launched an investigation into a fraud case estimated at one billion yuan. The case marks NetEase’s second internal anti-corruption probe since 2023 and has been forwarded to the police for further investigation.

NetEase Games is the online subsidiary of NetEase Inc. and has published popular titles such as Once Human, Knives Out, Marvel: Rivals and Destiny, and Harry Potter: Magic and Awakened.

Over the last few years, the Chinese studio has intensified crackdowns on employees who violate company policies. The company has previously fired staff in cases of alleged bribery and corruption.

NetEase Games takes decisive action against corruption

An internal memo circulated to the staff confirmed that the company had dismissed nine staff members over alleged bribery. The fired staff members included two executives: the company’s general manager in charge of marketing, Xiang Lang, and NetEase’s esports lead, Jin Yuchen.

The company’s internal anti-corruption department apprehended Xiang Lang for investigation. Lang oversaw the Chinese game company’s publishing relations with third-party titles, while Yuchen was in charge of publishing platforms for NetEase Unit Interactive group.

The arrests were related to a fraud case with a contract worth approximately 2 billion yuan. The actual amount of cash involved was estimated to be between 800 million yuan ($111.44 million/ £86 million) and 1 billion yuan ($139.3 million/ £107.5 million).

The case is reported to have affected 28 suppliers of the second-largest Chinese game company. The other staff implicated in the case were part of Lang’s channel center and were in charge of purchasing traffic for many of the gaming company’s top products.

Lang’s arrest was made after he was “lured into a trap” by the investigators, just like Lilith Games’ arrest of Amy Liu.

The Chinese company changed the location of the weekly Wednesday marketing meetings typically held in Guangzhou to Hangzhou. Upon reaching the new location, Xiang Lang and the other staff members were detained, and the case was forwarded to the police for further investigation.

According to Leifeng.com, some staff members were released, and one of them even declared their innocence on social media. The nine staff members implicated in the case were removed from NetEase’s NetEase’s internal system. 

NetEase heightens internal compliance following scandal

The arrest of Lang and the other eight NetEase Games staff members is the Chinese video game company’s second internal anti-corruption investigation since September 2023. NetEase Games is in line with trends in China, which has seen companies such as Tencent crack down on policy violations.

The NetEase investigations involved both internal audits and cooperation with law enforcement to address misconduct, typically linked to bribery, fraud, and misuse of company funds.

The Chinese video game company’s response to the case extended beyond dismissals and arrests. The Chinese gaming company changed its internal systems and updated its company policy to reinforce compliance and discourage unethical behavior among staff.

Several NetEase employees reported that their company computer screensavers had been updated to display compliance promotional materials. Their screensavers were replaced with messaging that highlighted six elements promoting compliance about procurement, transparency, information confidentiality, and separation of duties.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.
Author  FXStreet
Aug 22, 2023
Prioritize filling the $27,000 gap and even try higher.
placeholder
Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
Author  Mitrade
Nov 17, 2025
Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
placeholder
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Author  Mitrade
Dec 26, 2025
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
placeholder
Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflictsGold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Author  FXStreet
Mar 30, Mon
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
placeholder
Silver Price Forecast: XAG/USD falls to near $72.00 amid fading safe-haven demandSilver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.
Author  FXStreet
Apr 02, Thu
Silver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.
goTop
quote