Briefing: Car platform Guazi beefs up anti-corruption policy after worker scam

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瓜子二手车推行大安全计划 将反腐及扼制犯罪提升至战略级 – TechWeb

What happened: Chinese used-car trading platform Guazi is strengthening its anti-corruption efforts with the launch of a new plan to upgrade its management and organizational structure, and to improve the information security system. Guazi revealed on Monday a corruption case involving a Beijing sales representative, who swindled millions of RMB from the platform’s users. The company reiterates its “zero tolerance” policy against corruption, upgrading its anti-graft department and restructuring so that it reports directly to the chief executive officer. Founded in 2017, the company disclosed that the department has handled 57 corruption cases and recovered RMB 3.48 million (around $509,000) so far.

Why it’s important: In line with the country’s broader anti-graft campaign led by the state, Chinese tech companies have been stepping up efforts to fight corruption, a move that has expanded at a rapid pace in recent years. Ride-hailing giant Didi dismissed more than 80 employees last year for internal corruption. Meanwhile, food delivery and services platform Meituan Dianping reported 89 suspects to the police last year amid heightened scrutiny of corruption and other unethical practices. Yang Weidong, the president of Alibaba-backed video streaming platform Youku was investigated for alleged corruption last December. Gatekeeping and corruption was a trademark of China’s economic boom years, and now the attitude towards such practices is beginning to change.