You are here

Yahoo sued over squandered US$17m fund created for Chinese dissidents

Activists accuse Yahoo of not reigning in profligate spending by the fund's manager
Thursday, April 13, 2017 - 05:50

BT_20170413_NAHYAHOO13_2837211.jpg
The lawsuit was filed on behalf of eight dissidents in China who said that the Yahoo executives did not do enough to rein in Mr Wu's inappropriate and profligate spending.

Silicon Valley

A GROUP of Chinese political activists filed a lawsuit in federal court against Yahoo on Tuesday, saying the company failed to properly oversee a US$17 million fund it created a decade ago to help Chinese writers, democracy advocates and human rights lawyers persecuted for

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom