Chinese online short-video sharing firm Kuaishou has confirmed that company’s former vice president, Zhao Danyang, has been arrested for alleged graft. Reuters news agency reports.
Zhao joined Kuaishou in February 2015 and was responsible for the company’s content business.
His subordinates Li Lei and Xu Juan were also arrested on suspicion of misappropriating company assets.
Kuaishou has only now confirmed the information, despite the arrest last September. Chinese police have yet to release any official statement.
Moreover, Kuaishou representatives did not give reporters details or say if Zhao was still vice president at the time of his arrest.
Kuaishou, which means “fast hand”, is an analogue of the famous video-sharing social networking service TikTok. Kuaishou is the second most popular service after TikTok.
