Xunlei sues former CEO Chen Lei for alleged embezzlement of up to $28.6 million

Chinese technology company Xunlei has filed a lawsuit against its former chief executive officer, Chen Lei, and his core team, seeking damages of up to RMB 200 million, which is approximately $28.6 million. Lei and former senior vice-president Dong Xue have fled overseas to evade investigation, according to sources close to the case. The legal […]

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