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Chinese drone maker DJI uncovers corruption, sees $150M loss
- FindMySocks 8y agoCorruption is still seen as just a part of business here in China. Every level of employee that can do it, often will.
- rconti 8y agoSorta light on details. Says as a result, 2018 will have $150M in losses, but does not detail the extent of the corruption. I'm not sure if they were going to lose $149M but had $1M in corruption, or if they were going to make a billion dollars, but had $1,150M in corruption, or what.
- forkLding 8y agoWhat do they mean by corruption? Bribery, embezzlement or some sort of cronyism through connections?
- cheez 8y agoA drone maker with 14,000 employees is surprising.