NetEase employees face investigation for alleged $139 million money laundering scheme

NetEase employees are under investigation for allegedly laundering up to $139.3 million through a trading scheme involving nearly 30 companies. Two senior executives and seven other employees have reportedly been arrested. Reports indicate that Xiang Lang, NetEase Games' marketing general manager, is among those detained. Investigations are also focused on other employees for allegedly purchasing traffic to promote the company's products. NetEase has confirmed that police are looking into possible corruption. An internal memo revealed that nine staff members were dismissed for alleged bribery, and compliance reminders have been issued to employees.