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	<title>ZTEs &#8211; Spress</title>
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		<title>Raising funds to defraud 2.1 billion, the former chairman of ZTE&#8217;s labor union was sentenced to 20 years</title>
		<link>https://en.spress.net/raising-funds-to-defraud-2-1-billion-the-former-chairman-of-ztes-labor-union-was-sentenced-to-20-years/</link>
		
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		<pubDate>Sat, 24 Apr 2021 22:20:07 +0000</pubDate>
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		<guid isPermaLink="false">https://en.spress.net/raising-funds-to-defraud-2-1-billion-the-former-chairman-of-ztes-labor-union-was-sentenced-to-20-years/</guid>

					<description><![CDATA[[Text/Observer Net Zhou Yi]The case of He Xuemei, the former chairman of the labor union of ZTE Corporation, was finalized in the case of illegal fund-raising fraud. The criminal ruling of this case was finally made public, which caused heated discussions on the Internet. The amount involved in the case was as high as 2.1 [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>[Text/Observer Net Zhou Yi]The case of He Xuemei, the former chairman of the labor union of ZTE Corporation, was finalized in the case of illegal fund-raising fraud. The criminal ruling of this case was finally made public, which caused heated discussions on the Internet. The amount involved in the case was as high as 2.1 billion, the case involved about 4,000 employees, and He Xuemei had taken 50 sleeping pills before surrendering&#8230; The details of the case are staggering.</strong></p>
<p><span id="more-8020"></span> Skynet recovered, and He Xuemei was finally sentenced to 20 years in prison. She paid the price for her actions.</p>
<p><img fifu-featured="1" decoding="async" src="https://p6.itc.cn/q_70/images03/20210422/1c333348ac1e4466b732afe817062d7b.jpeg" width="530"></p>
<p>Screenshot of China Judging Documents Network</p>
<p>Public information shows that He Xuemei was born in 1970 in Nanshan District, Shenzhen, Guangdong Province. She graduated from the School of Mechanical Engineering of Chongqing University in 1991.</p>
<p>But looking at the first half of life, she is undoubtedly dazzling.</p>
<p>In 1997, He Xuemei joined ZTE Corporation and began serving as the company&#8217;s labor union chairman in 2000. The labor union has two wholly-owned subsidiaries, namely Zhongxing Yihe Company and Yihe Tiancheng Company. He Xuemei serves as the legal representative and chairman of the two companies. In office, she can directly decide to allocate funds from Zhongxing Yihe Company without the consent of any other directors and no board resolution.</p>
<p>The reporter of &#8220;Legal Evening News · View News&#8221; combed in 2017 and found that He Xuemei often puts three labels on herself: public welfare person, outstanding alumni of Chongqing University, and wife who loves her husband deeply. In January of that year, the first batch of scholarships named after her had just been awarded; when she was interviewed again, she talked about the 30 years that she had walked hand in hand with her husband, &#8220;I love his steady and gentle&#8221;.</p>
<p>Such a president with a double harvest of career and family, but failed to write the happiness story to the end.</p>
<p>On July 13, 2017, ZTE announced that due to suspicion of illegal fund-raising and duty-related crimes, He Xuemei, the former chairman of the trade union, had voluntarily surrendered to the public security organs. On August 24, the Shenzhen Municipal People’s Procuratorate issued a notice on its official account, announcing that He Xuemei had been arrested on suspicion of embezzling funds.</p>
<p><img decoding="async" src="https://p2.itc.cn/q_70/images03/20210422/c59419094ba4463e96c649f23d725fda.png" width="530"> </p>
<p> Screenshot of Shenzhen People&#8217;s Procuratorate&#8217;s WeChat Official Account</p>
<p>The publication of the criminal ruling of the second instance of this case officially puts the details of the case in front of the public.</p>
<p><strong> Take advantage of your position to embezzle</strong></p>
<p>Observer.com found that from the beginning of 2015 to March 2017, He Xuemei released information about fundraising through his WeChat official account, &#8220;He Fan Club&#8221;, Yixiu&#8217;s personal Weibo, WeChat group, QQ group, etc., advocating that it has low risk , Investment channels with stable returns. He Xuemei used high returns as bait to raise funds from many victims in 26 phases on the &#8220;ZTE E-Home&#8221; e-commerce platform of Yihe Tiancheng.</p>
<p>Subsequently, He Xuemei used a large number of private accounts to receive and transfer the funds raised, and used the funds raised to<strong> Buy high-risk trust wealth management products</strong> ,<strong> Buy real estate</strong> ,<strong> Buy and sell stocks on the secondary market</strong> ,<strong> Return the embezzled company funds</strong> ,<strong> Repay personal debts</strong> ,<strong> Embezzlement and transfer abroad</strong> Wait. When it was difficult to return the funds raised due to financial loss and transfer of funds, He Xuemei fabricated the financial performance to continue to raise funds, and used the newly raised funds to return the principal and interest of the due funds, staged a &#8220;Ponzi scheme.&#8221;</p>
<p>In addition to committing the crime herself, He Xuemei also instructed the trade union secretary Hu Mou, Yihe Tiancheng Company&#8217;s Vice Minister of Business Services, Wang Mou and others to commit the crime together. When the confession reached this point, He Xuemei said frankly, “They are just my subordinates and do things according to my instructions, and I don’t need to give them any benefits.” A sum of money fell into this way by “borrowing” from others. He Xuemei&#8217;s pocket.</p>
<p>After auditing,<strong> He Xuemei has raised a total of 2.11916570107 billion yuan of funds</strong> ,<strong> 8819 participants</strong> 25580 person-times,<strong> 3921 personnel not returned</strong> The total amount of financial management funds is 89,856,809,607 million yuan. The huge amount of funds and the wide range of personnel involved are shocking. After the incident, ZTE Corporation paid all the outstanding funds in advance.</p>
<p><strong> The incident in the East Window can not escape the law</strong></p>
<p>The fire can&#8217;t be contained in paper, and things will eventually be revealed.</p>
<p>The &#8220;misfortune&#8221; caused Xiaoqiang. The internal audit of ZTE Corporation found He Xuemei&#8217;s footing.</p>
<p>In 2017, during a routine audit of ZTE, it was found that from March 2015 to December 2016, He Xuemei instructed Yihe’s chief financial officer Ji to borrow and invest in the name of Yihe’s board of directors without a resolution. Unauthorized transfers from the company’s public accounts to individuals (including Yihe employees and non-employees), and company accounts that have no business dealings with the company, accumulatively transferred about 399 million yuan.</p>
<p>After investigation, ZTE found that the above-mentioned funds embezzled by Yihe Company had been returned, but the flow of loans and repayment were inconsistent. After an audit interview, Ji, Hu and others all stated that they acted in accordance with He Xuemei&#8217;s instructions. ZTE believed that He Xuemei and Ji had misappropriated Yihe&#8217;s funds.</p>
<p>The audit also found that Yihe’s canteen, &#8220;ZTE E-home&#8221; shopping mall, etc.’s sales revenue, as well as Yihe’s loans, all flowed to accounts actually controlled by He Xuemei. The company believes that He Xuemei is suspected of embezzlement. However, He Xuemei did not cooperate with the company&#8217;s investigation and did not clearly state the above facts and the direction of related funds.</p>
<p>On June 21, ZTE commissioned legal counsel Tang to report the case, accusing He Xuemei and others of embezzling funds and embezzling their positions.</p>
<p>On July 11, the investigating agency filed a case for investigation with &#8220;He Xuemei and others suspected of embezzling funds.&#8221; On the same day,<strong> He Xuemei took 50 tablets of clonazepam (a sleeping pill) by herself and was admitted to the hospital for emergency treatment</strong> .</p>
<p>On July 12, He Xuemei was discharged from the hospital after treatment and returned to the company accompanied by ZTE staff. She expressed willingness to cooperate with the public security agency in the investigation. Later, her accomplices Hu and Wang were arrested and brought to justice.</p>
<p>On August 9, the investigative agency discovered that He Xuemei was involved in fund-raising fraud while investigating the fact that He Xuemei was &#8220;misappropriating funds&#8221;. The case of &#8220;He Xuemei&#8217;s suspected fund-raising fraud&#8221; was opened for investigation.</p>
<p>As if she was stripping away a cocoon, He Xuemei&#8217;s criminal facts were finally uncovered layer by layer. After careful investigation and solemn trial, she also ushered in the final outcome.</p>
<p>&#8220;The defendant, He Xuemei, guilty of fund-raising fraud, was sentenced to 15 years in prison and confiscated RMB 20 million of personal property; for embezzlement of funds, he was sentenced to seven years in prison; for the crime of embezzlement by office, he was sentenced to six years in prison. Combined punishment, a total sentence of 28 years imprisonment, confiscation of personal property of RMB 20 million,<strong> Decided to carry out a 20-year imprisonment and impose a confiscation of 20 million yuan of personal property</strong> . &#8221;</p>
<p>Because of her own private thoughts, the female president who was once in power will spend the next twenty years of her long life with Tie Lao Han Chuang.</p>
<p><strong> This article is an exclusive manuscript from Observer.com and may not be reproduced without authorization.</strong></p>
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		<title>[Science and Technology Morning Post]The former chairman of ZTE&#8217;s labor union raised 2.1 billion yuan of funds; Chanel lost in trademark dispute with Huawei</title>
		<link>https://en.spress.net/science-and-technology-morning-postthe-former-chairman-of-ztes-labor-union-raised-2-1-billion-yuan-of-funds-chanel-lost-in-trademark-dispute-with-huawei/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Fri, 23 Apr 2021 21:25:08 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
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					<description><![CDATA[Produced &#124; Sohu Technology Editor &#124; Zhang Yating Today is Friday, April 23. Last night and this morning, what major events happened in the science and technology circle, please pay attention to Today&#8217;s Science and Technology Morning Post. Tesla re-issued a post late at night: Willing to be tested by any authoritative testing agency under [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fifu-featured="1" decoding="async" src="https://p7.itc.cn/q_70/images01/20210423/fbd96c693a4e4584be3b872d0350c3ca.jpeg" max-width="600"></p>
<p>Produced | Sohu Technology</p>
<p>Editor | Zhang Yating</p>
<p>Today is Friday, April 23. Last night and this morning, what major events happened in the science and technology circle, please pay attention to Today&#8217;s Science and Technology Morning Post.</p>
<p><strong> Tesla re-issued a post late at night: Willing to be tested by any authoritative testing agency under the witness of three parties</strong></p>
<p>Tesla posted a post on Weibo, announcing the specific progress of communication with related parties. It is reported that on the afternoon of the 22nd, Tesla has sent the sealed paper version of the data to Ms. Zhang by express mail; at 18:00 on the 22nd, it has gone to the Zhengdong New District City Supervision Bureau to receive the notice of ordering rectification.</p>
<p>At the same time, Tesla once again promised that it will unreservedly cooperate with the regulatory authorities to carry out in-depth investigations and openly accept social supervision. With the consent of the customer, government designation or supervision, the three parties will jointly witness and conduct testing at any qualified and authoritative testing organization across the country.</p>
<p><strong> Meituan completes $6.6 billion first-to-new allotment</strong></p>
<p>According to the WeChat official account of &#8220;CLSA&#8221;, CITIC Securities/CLSA successfully assisted Meituan to complete the US$6.6 billion stock allotment on the 22nd. CITIC Securities/CLSA served as the joint bookrunner in this project.</p>
<p><strong> The former chairman of ZTE&#8217;s labor union raised 2.1 billion yuan of funds</strong></p>
<p>Recently, a judgment published by the Judgment Document Network showed that He Momei, the former chairman of the labor union of ZTE Corporation, used his position to receive and transfer funds raised through a large number of private accounts, and used the funds raised to purchase wealth management products, real estate, and sales. Stocks, etc., have raised a total of 2.119 billion yuan and unreturned funds of 899 million yuan.</p>
<p>In the end, He Momei was guilty of fund-raising fraud, embezzlement, and other crimes. The total sentence was 28 years in prison, and 20 million yuan of personal property was confiscated. He decided to execute 20 years in prison and was sentenced to confiscation of personal property of 2000 yuan. Ten thousand yuan.</p>
<p><strong> TSMC’s board of directors approves a US$2.8 billion increase in chip production capacity plan</strong></p>
<p>TSMC, the world&#8217;s largest foundry chip manufacturer, confirmed on Thursday that the company&#8217;s board of directors has approved a $2.89 billion expenditure to increase chip production capacity. This move is seen as a response to the global chip supply shortage, and the crisis of chip shortage has a particularly serious impact on automakers.</p>
<p> In a brief statement, TSMC stated that its board of directors has approved the expenditure, &#8220;the purpose is to launch mature process capacity.&#8221; However, the company did not give a detailed explanation.</p>
<p><strong> Apple and Google attended antitrust hearing, sued by app developers</strong></p>
<p>According to foreign media reports, on the 21st local time in the United States, the US Senate Subcommittee on Competition Policy, Antitrust and Consumer Rights convened executives from companies including Apple, Google, and Spotify to hold an antitrust hearing on Apple and Google’s app stores. Question whether it abuses its dominant market position.</p>
<p>This hearing is also part of the antitrust review of large technology companies by the U.S. Congress. Most of the complaints from app developers are directed against Apple, because Apple&#8217;s closed ecosystem prohibits apps on iOS from being installed anywhere outside of Apple&#8217;s App Store; the complaints against Google are mainly focused on its search and advertising business.</p>
<p>App developers expressed throughout the conference that the two companies can deal a heavy blow to their businesses by adjusting the rules of the app store. They also complained about the high fees for in-app purchases and the ambiguity of platform rules.</p>
<p><strong> SMIC intends to sell a holding subsidiary for US$397 million</strong></p>
<p>SMIC issued an announcement stating that the company intends to sell all the equity interests in its holding subsidiary SJ Semiconductor Corporation, with a total transaction consideration of approximately US$397 million. The transaction parties include CICC SAIC Emerging Industry Fund, Suzhou Yuanhe Houwang and Suzhou Puhuachuang Yu etc.</p>
<p><strong> Tesla releases data for 1 minute before the brake accident of Zhengzhou car owners</strong></p>
<p>Tesla provided data from one minute before the vehicle accident and provided a text description. The full text of the text description is as follows:</p>
<p>When the driver stepped on the brake pedal for the last time, the data showed that the speed of the vehicle was 118.5 kilometers per hour. Within 2.7 seconds after the driver stepped on the brake pedal, the maximum brake master cylinder pressure was only 45.9 bar. After that, the driver increased the stepping on the brake pedal, and the brake master cylinder pressure reached 92.7 bar. The front collision warning and automatic emergency braking function were activated (the maximum brake master cylinder pressure reached 140.7bar) and played a role, reducing the amplitude of the collision. 1.8 seconds after the ABS was applied, the system recorded the occurrence of the collision. After the driver stepped on the brake pedal, the vehicle speed continued to decrease, and before the collision, the vehicle speed was reduced to 48.5 kilometers per hour.</p>
<p>To sum up, the vehicle is running at a higher speed, and the driver starts to depress the brake pedal with less force. After that, the automatic emergency braking function is activated and takes effect, increasing the braking force and reducing the impact of the collision. The driving system is normally involved in the work and reduces the speed of the car.</p>
<p>In addition, with regard to the condition of the vehicle 30 minutes before the accident, Tesla stated this: In the 30 minutes before the accident, the driver drove the vehicle normally and had more than 40 records of depressing the brake pedal. The vehicle has repeatedly stopped more than 100 kilometers per hour and stopped repeatedly.</p>
<p><strong> Xiaomi: Car manufacturing has not yet officially started, release in advance hopes to obtain better global resources</strong></p>
<p>At the second WIN·Global Managers Forum and the 5th Anniversary Ceremony of Guests, Xiaomi Group President Wang Xiang said that Xiaomi decided to join the electric vehicle field by relying on its mobile phone and AIoT business&#8217;s ability to grow steadily, as well as the ability to pull internal resources. At present, car building has not officially started. The reason for the early announcement is to take into account two factors: one is that there are many rumors in the previous period, in order to make the information disclosure in time to decide the official announcement; the second is to obtain better global resources through early release , And jointly develop Xiaomi cars.</p>
<p><strong> Tesla responds to the resignation of Vice President Tao Lin: rumors</strong></p>
<p>In response to online news that Tesla Vice President Tao Lin took the blame and resigned, Tesla responded: This is a rumor, and Mr. Tao is working normally.</p>
<p><strong> Storm is sentenced to more than 12 million in compensation to iQiyi due to contract disputes</strong></p>
<p>China Judgment Document Network published the first-instance civil judgment on the contract dispute between Beijing iQiyi Technology Co., Ltd. and Baofeng Group Co., Ltd. on April 6. The People’s Court of Haidian District of Beijing made a judgment: The defendant Baofeng Company paid 12 million yuan to the plaintiff’s iqiyi company’s contract and 416,400 yuan for breach of contract for late payment.</p>
<p>According to the judgment, the plaintiff, iQiyi, alleged that on May 28, 2019, it and Baofeng Company signed a &#8220;Reconciliation Agreement&#8221; through consultation and agreed that before December 15, 2019, Baofeng Company will pay a lump-sum settlement of 12 million yuan. If the payment is overdue, the overdue penalty shall be paid at the rate of 1/10,000 of the total settlement amount for each day overdue. However, Baofeng Company has not paid the amount so far, so it filed a lawsuit in this case.</p>
<p>Defendant Baofeng Company argued that due to business difficulties, our company is temporarily unable to pay; according to the &#8220;Settlement Agreement&#8221;, the liquidated damages should be calculated from January 15, 2020 instead of December 15, 2019.</p>
<p><strong> Ziguang Guowei&#8217;s 2020 revenue is 3.27 billion, and its net profit has increased by 98.74% year-on-year</strong></p>
<p>Ziguang Guoxin Microelectronics Co., Ltd. released its 2020 annual report. During the reporting period, operating income was 3,270,255,200 yuan, a decrease of 4.67% from the same period of the previous year. After deducting the impact of changes in the scope of consolidation, the same caliber increased by 26.38%; net profit attributable to shareholders of listed companies was 806,422,900 yuan, an increase from the same period last year 98.74%.</p>
<p>Among them, the integrated circuit business realized an operating income of RMB 3,046,840,400, accounting for 93.17% of the company&#8217;s operating income, and the electronic component business realized an operating income of RMB 196,829,600, accounting for 6.02% of the company&#8217;s operating income.</p>
<p>As of December 31, 2020, the company&#8217;s total assets were RMB 7,627,730,800, a year-on-year increase of 19.20%; the owner&#8217;s equity attributable to shareholders of listed companies was RMB 4,962,143,300, a year-on-year increase of 18.48%.</p>
<p><strong> Apple CEO Cook: M1 chip version of Mac computers has sold more than Intel version</strong></p>
<p>At the Apple 2021 spring conference, Apple CEO Tim Cook said that the sales of Mac computers equipped with Apple&#8217;s self-developed chip M1 have surpassed those equipped with Intel processors.</p>
<p>Cook also said that although it was only released in November last year, the sales of Mac computers equipped with the M1 chip now account for most of its Mac sales.</p>
<p>Earlier, Apple disclosed in its financial report for the first quarter of 2021 that in the quarter, sales of its Mac computers increased by 21% year-on-year. Although the company no longer shares the details of hardware sales, IDC data shows that the company shipped approximately 6.7 million Mac computers in the first quarter of 2021, a year-on-year increase of 115.5%.</p>
<p><strong> Xiaomi was enforced by the court, and the subject matter was 32310 yuan</strong></p>
<p>According to the Tianyan Check App, Xiaomi Technology Co., Ltd. recently added a piece of information about the person subject to enforcement, case number (2021) Jing 0108 Zhi 10164, the subject of enforcement is 32310 yuan, the enforcement court is the People’s Court of Haidian District, Beijing, and the related case is The copyright dispute between Xiaomi Technology Co., Ltd. and China Music Copyright Association.</p>
<p><strong> GSX announced that it will be renamed Gaotu Group, and the listing name will also be updated simultaneously</strong></p>
<p>GSX announced that it will be renamed Gaotu Group, and the listing name and code will also be updated simultaneously. Previously, Gaotu Classroom was one of GSX&#8217;s brands.</p>
<p>At the business level, the K12 business brand is still &#8220;Gaotu Classroom&#8221;, and the adult online brand is renamed &#8220;Gaotu College&#8221;, from elementary school to university adult.</p>
<p>At the same time, Gaotu Classroom announced the release of a new generation of online education products, and began to explore &#8220;local online courses&#8221; to realize online courses localization, localized enrollment, localized services, local high-quality teachers, in order to continue to improve online education products, teaching and services .</p>
<p>In addition, Gaotu College for online learning for adults currently has a number of online courses in the fields of language training, financial education, public examinations, business management, study abroad, and study promotion.</p>
<p><strong> Chanel loses a trademark dispute with Huawei, the court: the signs of the two sides are different in the direction of the semicircle, there is a difference in visual difference</strong></p>
<p>Recently, Caijing Life was informed by the BBC that the French luxury brand Chanel had lost a trademark dispute with Huawei.</p>
<p>It is understood that this dispute began in 2017, when Huawei applied to the trademark agency the European Union Intellectual Property Office (EUIPO) for approval to register its computer hardware trademark, which is composed of two vertical semicircles intersecting.</p>
<p>Chanel objected to this, saying the design was similar to its &#8220;double C&#8221; trademark. Since then, the Trademark Office rejected Chanel&#8217;s objections in 2019, saying that there are no similarities and it is unlikely to cause confusion in the public mind.</p>
<p>Subsequently, Chanel again challenged this ruling in the Luxembourg court. The court rejected its appeal in Wednesday&#8217;s ruling and stated that the two signs have different semicircular directions and visually significant differences.</p>
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