Home > News content

Chen Lei CEO shares fell 7.9% Thursday before the Shenzhen Public Security Bureau investigation

via:博客园     time:2020/10/9 9:07:06     readed:577

Shenzhen Xunlei Network Technology Co., Ltd. filed a complaint with the Shenzhen Public Security Bureau in April 2020 about the alleged duty encroachment of Chen Lei and others in the former CEO of Xunlei Company, the official Weibo announced yesterday. Shenzhen Public Security Bureau has been suspected of duty embezzlement Chen Lei and others on file investigation.

As a result, shares fell 7.87 percent to $3.16, with a total market value of about $215 million. Thunder shares fell 35.5% this year, far away from the market.


Data show total revenue of $181 million in 2019, revenue from other Internet value-added services, including cloud computing, of $84.1 million, revenue from member businesses of $81.5 million, and revenue from Internet advertising of $15.6 million.

Mr. Xun suddenly announced in early April that Mr. Chen Lei, CEO of Thunderbolt Group and its affiliates, Netcom Technology and others, was no longer in CEO position, while Mr. Wang Chuan, chief strategy officer of Xiaomi Group, stepped down as chairman of Thunder. And these two positions by the former Thunder Technology Chief Li Jinbo to take over. Chen Lei told the media that it should not be the CEO, in 2017, which is a feud with the old team; he said he may have committed a lot of professional managers' big taboo, one is offending some people, the other is too simple.


China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments