# China%20tech
Latest news and articles about China%20tech
Total: 38 articles found
Xunlei Sues Ex‑CEO as Shell Companies, Affair and Procurement Allegations Surface in Rmb200m Claim
Xunlei has filed a Rmb200 million civil suit against its former CEO, alleging he diverted funds through a shell supplier and favoured relatives and a long‑term mistress in staffing and contracting decisions. The case highlights procurement vulnerabilities and governance failures that helped fuel heavy losses during an aggressive push into cloud and blockchain businesses, and follows a management reset that the company credits with a recent financial turnaround.
Dreame CEO Doubles Down on 'Eye‑Popping' Valuation Dream, Frames It as a 20‑Year Mission
Dreame founder Yu Hao defended an expansive long‑term ambition — to build an ecosystem with an eye‑popping valuation — as a 20‑year mission rather than a near‑term promise. He cited technical wins, profitability and social contributions to argue the company’s confidence is grounded in results, while critics warn the rhetoric risks unsettling investors and staff.