html On August 31, a report letter from "the wife of Dai, the national sales director of Bitauto " set off major social media.
According to The Paper , this is a public real-name report letter submitted to Tencent’s supervision department and Bitauto’s management. It is as long as five pages. The content is to report that Bitauto’s national sales director Dai used power for personal gain, embezzled huge sums of money, and married. Cheating, "PUA" wife.
At 17:22 that day, Bitauto officially released a "statement" on its official Weibo account. The statement said that Bitauto is launching an internal formal investigation into this.
Bitauto executives were reported
platform response: Internal investigation is underway
comprehensive Dazhong.com ·Poster News, The Paper reports that on August 31, the wife of Dai, Bitauto’s national sales director, submitted a five-page public real-name report letter to , Tencent, , and Bitauto’s management, reporting that her husband had abused power for personal gain, made false reimbursements, and embezzled huge sums of money. Behaviors such as accepting gifts and cheating during marriage.
Image source: Poster News
In the letter, Dai’s wife reported that he was using power for personal gain and had major financial problems. Dai's wife said that from the end of December 2019 to the present, Dai has held huge marketing expenses in the form of cash. He privately embezzled them and transferred them to a bank account in batches through his mother or relatives. The total amount is estimated to exceed several million . Dai applied for fuel cards worth hundreds of thousands in batches through the project cost method, but the fuel cards were not implemented in the work project. He resold part of the fuel cards for cash, with the amount not less than 200,000, and the other part Send it to his family in Wuhan for use, and the amount will be no less than 50,000.
According to the report letter, Dai purchased invoices from fixed suppliers every month, made false reimbursements multiple times, and at the same time used company gifts privately to send to relatives and friends many times.
In addition, there are other problems, such as: violation of basic automotive Internet industry regulations and professional ethics, using his position and Bitauto company resources to seek improper benefits for himself, seriously damaging the interests of Tencent and Bitauto companies, repeatedly accepting suppliers and Subordinate employees’ valuables and other contents.
According to The Paper, preliminary estimates indicate that the total amount embezzled by is in the millions.
Dai’s wife also accused in the report letter that “Dai has no moral bottom line, violated the obligation of loyalty between husband and wife during the wedding period, completely abandoned the basic responsibilities to the family, maintained an improper relationship with Chen for a long time, and the length of the affair At least 9 months or more", and issued room records and photos of Dai and his cheating partner.
Finally, the letter ends with “I implore the management of Tencent and Bitauto to conduct a thorough and fair investigation. Dai not only ignores the moral bottom line but also the legal bottom line, seriously harming the interests of Bitauto and Tencent, and tarnishing the reputations of Tencent and Bitauto. I hope you will.” The company will reconsider whether such an unscrupulous person is qualified for the position of national sales director and emphasized that it will insist on verifying all his illegal behaviors through legal channels and relevant departments.
html On the evening of August 31, Bitauto officially released a "statement" on its official Weibo account. The statement stated that Bitauto is launching an internal formal investigation into a report letter reflecting inappropriate behavior by an employee of Bitauto.
Bitche also stated that the company has always had zero tolerance for violations of laws and regulations, as well as violations of company rules and regulations. Once verified, it will be dealt with seriously in accordance with laws and regulations.
Bitauto is one of the earliest automobile websites in China
Public information shows that Bitauto was founded in 2000 and is one of the earliest automobile websites in China. As a domestic automotive Internet platform company, Bitauto covers automotive information, quotations, car enthusiast communities, car services, car shopping guides and other businesses. It owns Bitauto App, Auto Quotation App, Bitauto Partners and Automotive Industry Network.
Bitauto's main business is to provide users with information and shopping guide services, as well as provide Internet marketing solutions (i.e. advertising services) for automobile manufacturers and automobile dealers.
The founder and chairman of Bitauto is Chairman of NIO Li Bin. Li Bin also served as Bitauto's CEO for many years, but resigned in 2018 to focus on NIO's business. Bitauto’s current CEO is Zhang Xu’an.
In 2010, Bitauto was listed on the New York Stock Exchange. In June 2020, it was acquired by Tencent Holdings affiliates and others for US$1.1 billion. It completed privatization in November 2020 and was officially delisted from the New York Stock Exchange.
According to wind data, although Bitauto's revenue increased from 2015 to 2019, the year-on-year revenue growth declined, from 53.24% in 2015 to 1.64% in 2019. In the 2020 half-year report, The increase was -33.15%.
Bitauto’s revenue and year-on-year growth changes from 2015 to June 2020, the data comes from Wind
In terms of net profit, Bitauto has also fallen into losses since 2015. As of 2020, Bitauto’s total losses have reached 1.201 billion Yuan.
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Source｜Daily Economic News, The Paper, Dazhong.com·Poster News, Southern Metropolis Daily, Public Information
