The New York Times reports that Meng Dekai, a former Disney executive in China, has signeddeals across the country without authority.
Mr Mengis reported to have signed deals with local governments for Disney related projects including one in Hefei in 2013 to build a $1.3 billion Disney cultural park as well as other developments in Ningbo andZhengzhou.The Walt Disney Company has said that Mr Meng, who was a director of special projects, is no longer working for them after investigating the bogus deals.
The report highlights the risks inherent in operating in China, and shows that even the biggest and best can fall victim to unscrupulous partners. The result of Mr Meng's activites issaid to have been some confusion locally over Disney's plans in China.
https://www.nytimes.com/2017/03/29/business/china-walt-disney-fake.html?_r=0
Rachel Read
Rachel is co-founder and strategic director at blooloop. She has a degree in engineering from Cambridge University, is a Chartered Accountant and has certificates in Sustainability Leadership and Corporate Responsibility from London Business School, and Sustainable Marketing, Media and Creative from Cambridge University's Institute for Sustainability Leadership (CISL). Rachel oversees our news, events and sustainability.
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