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Xunlei exposes details of Chen Lei's case: illegal money speculation, but also has a son with Vice President

via:博客园     time:2020/10/9 15:22:21     readed:770

Reporter Lu Keyan


Photo source: visual China

On October 8, Shenzhen Xunlei Network Technology Co., Ltd. announced that Chen Lei, the former CEO of the company, and others were suspected of job encroachment. Shenzhen Public Security Bureau has filed a case against Chen Lei's crime of duty encroachment.

On the 9th, more details related to the case surfaced. A person close to Xunlei disclosed that Chen Lei was suspected of using false trading links to embezzle the company's assets, making false contracts to extract company funds, and the amount involved was huge.

According to the person familiar with the matter, the new management of Thunderbolt has evidence that a company called

The person also said that Chen Lei's embezzlement of the company's assets during his tenure was related to Dong Hao, a former senior vice president of Xunlei.

Several former netheart employees disclosed to the interface news that the relationship between Chen Lei and Dong Hao is an open secret inside Xunlei. They had a son during their tenure in Xunlei, but they never responded positively. The board of directors has been dissatisfied with this for a long time.

According to the people familiar with the matter, Chen Lei placed a group of Dongying's fellow villagers and girlfriends in Hegang, Heilongjiang Province, in key positions of the company, and obtained the company's funds through false transactions. A former Xunlei former employee confirmed this statement to the interface news reporter, and revealed that an executive of Xunlei was actually a college classmate of Dong Hao.

According to people familiar with the matter, members of the board of directors of Xunlei have also asked Chen Lei personally about the relationship between Chen Lei and Dong Bai. Chen Lei, with his Christian reputation, guarantees that there is no relationship between him and Dong Hao except colleagues.

It is reported that in early April this year, Chen Lei had secretly left the country. In the announcement, Xunlei called on Chen Lei to return home as soon as possible to cooperate with the investigation.

It is worth mentioning that Chen Lei is not consistent with the above-mentioned informed people about the occupation.

In May this year, Chen Lei took the initiative to inform the media that due to

Chen Lei said that after leaving, he and his subordinates had discussed the handover with the new management team, but

He said at the time that he was

Interface news on both sides of the statement to the Xunlei official confirmation, Xunlei said that the matter has been handed over to the public security organs in accordance with the law, everything is subject to the judgment of the public security organs.

In April this year, Xunlei group announced that the board of directors elected Li Jinbo as the new chairman of the board of directors, and would replace Chen Lei as the new CEO of Xunlei group and its subordinate Xunlei, Netease and other affiliated companies. Chen Lei is still a member of the board of directors.

In an outside interpretation, the announcement means that Chen Lei is officially

A Web employee recalls:

After the new senior management team took office, Xunlei has made great organizational structure and business adjustment. According to interface news, there were more than 100 people in Xunlei blockchain business, which Chen Lei attached great importance to. However, after Chen Lei left, the new management team was not optimistic about the future of the blockchain business and took a large number of layoffs. As of June this year, Xunlei blockchain team has only about 10 people left, and the staff size of netheart technology has also been reduced by nearly half.

Xunlei's second quarter financial report showed that its total revenue was $44.3 million, down 8.3% month on month; net loss was $11.8 million, up 114.5% month on month. Xunlei explained in the financial report that the company restructured in the second quarter, and some unnecessary expenses were eliminated, making the company's business more streamlined. However, this has affected the company's revenue, resulting in a large number of one-off expenses and impairment, which are expected to be fully recovered from the expected cost savings in the next few quarters.

Related reading:

Chen Lei, former CEO of Shenzhen Public Security Bureau, shares of Xunlei fell 7.9% on Thursday

The official microblog of Xunlei announced yesterday that Shenzhen Xunlei Network Technology Co., Ltd. should file a complaint with the Shenzhen Public Security Bureau in April 2020 on the suspected job encroachment of Chen Lei, the former CEO of Xunlei company. Recently, it received a notice from the Shenzhen Public Security Bureau that the Shenzhen Public Security Bureau has filed a case against Chen Lei and others suspected of job encroachment.

As a result, Xunlei shares fell 7.87% to $3.16 on Thursday, with a total market value of about $215 million. Xunlei shares fell 35.5% this year, far below the market.

The data shows that the total revenue of Xunlei group in 2019 is 181 million US dollars, including the revenue of other Internet value-added services including cloud computing is 84.1 million dollars, the member business income is 81.5 million dollars, and the Internet advertising revenue is 15.6 million dollars.

At the beginning of April this year, Xunlei suddenly announced that Chen Lei, CEO of Xunlei group and its subordinate Xunlei, netheart technology and other affiliated companies, no longer holds the post of CEO. Wang Chuan, Chief Strategic Officer of Xiaomi group, resigned from the post of chairman of Xunlei. And these two positions are taken over by Li Jinbo, former technical director of Xunlei. Chen Lei told the media that he shouldn't be the CEO in 2017, which is a feud with the old team. He also said that he may have committed the taboo of many professional managers. First, he offended some people, and second, he was too simple.

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