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Representative of Disney in China Signs Unauthorised Deals Across Country

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The New York Times reports that Meng Dekai, a former Disney executive in China, has signed deals across the country without authority.

Mr Meng is 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 and Zhengzhou.

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 is said to have been some confusion locally over Disney’s plans in China.

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Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

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