Yang Weidong was sentenced to seven years for taking bribes
The former president of cnmoku was convicted of bribery. During his tenure as president of Youku, Yang Weidong, taking advantage of his position, illegally accepted bribes totaling more than 8.55 million yuan and sought benefits for others. His behavior has constituted the bribery crime of non-state staff members. In this regard, the first instance was sentenced to seven years’ imprisonment and confiscation of 2 million yuan of property.
According to the first instance criminal judgment on bribery of non state functionaries released by the people’s Court of Yuhang District, Hangzhou, during the period from 2016 to 2018, when Yang was the president of a network technology (Beijing) Co., Ltd. (hereinafter referred to as a company), the defendant accepted and asked for bribes from business partners by taking advantage of his position of comprehensive operation and management of relevant platforms The total amount is more than 8.55 million yuan, and seek benefits for others.
The people’s Court of Yuhang District of Hangzhou held that the defendant Yang took advantage of his position as an employee of the company to ask for and illegally accept other people’s property and seek benefits for others. The amount of money involved is huge, and his behavior has constituted the crime of accepting bribes by non-state staff members. The first instance is to be sentenced to fixed-term imprisonment of seven years and to confiscation of property of 2 million yuan.
In March 2013, Yang Weidong was invited by Gu Yongqiang to join Youku potato group, and successively served as senior vice president and President of Youku potato group. Since then, with the establishment of Alibaba culture and entertainment group, Yang Weidong was appointed president of dayouku business group and CEO of Alibaba music. On December 4, 2018, Ali Da entertainment confirmed that according to the report, Yang Weidong was cooperating with the police for economic problems.