In episode 36 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the dirty, risky, and more unseemly aspects of China tech, primarily focused on two stories that grabbed headlines recently: the “hack” at Pinduoduo, and the corruption scandal at DJI. Although the incidents differ greatly from each other, they have come on each other’s heels and our co-hosts decided to bundle them together for an episode, reflecting what’s buzzing within the tech community in China right now.
Rui and Ying-Ying begin by focusing on the Pinduoduo story. This past week, the company lost millions of dollars to hackers who redeemed coupons for about $15 for about $0.06. At one point, it was rumored that the platform lost over $3 billion in just a few hours, and users wondered if the company would go bankrupt. Pinduoduo has denied these rumors and insists that actual losses will be less than $1.5 million. However, what exactly happened? How did Pinduoduo decide to handle the issue, and what were the ramifications of these actions? How extensive was the damage to both the company and its stock price?
Next, our co-hosts shift their attention to a scandal that has rocked Chinese tech this week: the unearthing of over $150 million in losses due to internal corruption at leading drone maker DJI. Incredibly, the “chain of corruption” was unearthed by accident while the company was upgrading its management process late last year. One by one, Rui and Ying-Ying list and review the methods by which employees colluded and completed their dirty deeds. They share about how DJI handled the situation: very publicly, by sending out a letter to its 14,000 staff around the world. Why did they take this approach?
Listen to find out: How unusual-- or not-- are these two stories in the landscape of China tech? How are businesses getting scammed by China’s “black-gray” industry, in which people are committing fraud at a massive scale? How was it that DJI, a decacorn known for its world-class quality, with anti-corruption systems in place, was able to be brought to its knees by a group of criminal employees? Are there more scandals these days… or is there simply more transparency around events when they do get reported or disclosed? What are some of the other high profile cases that have come up recently? As an investor or entrepreneur in China, what do you need to know about these risks?
As always, you can find these stories and more at pandaily.com. Do let us know what you think of the show by leaving us an iTunes review, liking our Facebook page, and tweeting at us at @techbuzzchina to win some swag! Thanks also to our listeners over at our partner, dealstreetasia.com.
Ep. 36: China Tech is Risky Business - Pinduoduo Hack and DJI Corruption Scandal
2019-01-27 12:33:01 1704
声音简介
用户评论
表情0/300
相关推荐
换一批
- 米小圈上学记:一二三年级 | 畅销出版物米小圈
- 大奉打更人丨头陀渊领衔多人有声剧|畅听全集|王鹤棣、田曦薇主演影视剧原著|卖报小郎君头陀渊讲故事
- 重生八零,媳妇有点辣 | 免费多人有声剧君颜讲故事
- 一剑独尊(叶玄叶灵 | 有声的紫襟 | 男女双播)|北剑江湖有声的紫襟
- 遮天|辰东作品,头陀渊&小桃红精品双播|热播动画原著头陀渊讲故事
- 无敌剑域丨玄幻热血爽文丨一剑独尊、我有一剑 前传丨紫襟领衔多人有声剧有声的紫襟
- 灵境行者丨卖报小郎君口碑新作丨紫襟领衔多人有声剧有声的紫襟
- 夜的命名术丨年度都市异能霸榜神作丨紫襟领衔有声剧有声的紫襟
- 万古第一神丨有声的紫襟(3D音效玄幻多人有声剧)有声的紫襟
- 最强弃少【头陀渊&小桃红】重生头陀渊讲故事
下载客户端
iPhoneAndroid
白话文豆腐果
感谢播主更新