There is a story that has been circulating for some time, regarding the ex-boss of China Mobile’s Music division, RMB400m (nearly US$60m) and flight.
So far, this article from no-holds barred HK based bilingual business magazine Caixin sums it up the best. According to them, Li Xiangdong went missing in March of this year, along with (it is estimated) RMB400m of cash. Mr. Li has been heading up the Sichuan Mobile Data Department as well as its Mobile Music Operations Centre, essentially the CRBT (Caller Ring Back Tone) department of China Mobile.
Summary: he has legged it with a massive amount of money.
How it happened will more than likely be the source of a big investigation, but this is the quote that we love:
It appears Li was not satisfied with his high-profile status as a key figure in developing the mobile music business in China. Instead, he allegedly used his lord-like power to control the service provider selection process and build a parasitic fiefdom.