Mobile executive Li Xiangdong swept away tens of billions of assets and the golden cicada was shelled

Li Xiangdong, male, member of the Communist Party of China, master's degree from university of electronic science and technology of China, emba of university business school at Buffalo university. He is the general manager of Sichuan Mobile Data Department and the general manager of wireless music base, one of the founders of China Mobile wireless music base, and has won honorary titles such as "Labor Model of China Mobile Communications Group Corporation" and "Nomination Award for Top Ten Outstanding Young Economic Figures in Sichuan".

From the fight for the wireless music base project to the specific operation in the future, Li Xiangdong is one of the main traders. In 2004, Li Xiangdong saw the success of the mobile phone RINGT business in South Korea and began to apply to the group to establish a China Mobile music base in Chengdu; in June 2005, the Sichuan Chengdu Wireless Music Product Base was officially established; in 2006, through cooperation with the Spring Festival Gala, the wireless music base was widely known; by 2007, the output value of the base reached 14 billion yuan.

What is inconceivable to the industry is how Li Xiangdong manipulated the rumored huge amount of money. "It's basically impossible to transfer such a huge amount of money through the financial system at once." Xiang Ligang, an expert in the communication industry, believes that if the amount is true, it should be gradually completed in the process of long-term cooperation with CP\sp.

"It is rumored in the industry that the huge amount of money it has taken away is equivalent to the annual income of a prefecture-level operator, but it is not much compared with the annual revenue of wireless music of more than 10 billion." According to an operator insider, this money will not come from the user money, because this income will enter the various business systems, and according to the company's normal process, it is impossible to transfer it financially. Therefore, it is most likely that he will obtain it in the approval and cooperation of cp and sp, including by registering his own company to participate in the mobile business, or receiving the benefits of relevant cp and sp in the approval, and withdrawing rebates from the share of cp and sp. For Li Xiangdong, perhaps this is not difficult, because China Mobile has absolute dominance in the industrial chain of wireless music, and he is the person in charge of wireless music.