Core Viewpoint - The article discusses the rise of commercial corruption in the short video industry, highlighting a specific case involving a senior executive at a short video platform who embezzled over 140 million yuan through fraudulent schemes [2][4]. Group 1: Industry Overview - The short video industry has experienced rapid growth and intensified competition since 2020, prompting platforms to implement diverse reward schemes to capture market share [1]. - The increase in the number of companies and their expansion has led to a rise in commercial corruption cases, with the difficulty of power regulation contributing to this trend [4]. Group 2: Case Study - A senior executive, identified as Feng, exploited his position to design a service reward policy that appeared legitimate but was used to siphon off over 140 million yuan through shell companies and virtual currencies [2][3]. - The investigation revealed that Feng collaborated with suppliers to exploit policy loopholes and falsified documents to claim subsidies, resulting in significant financial misconduct [3]. - A comprehensive evidence system was established to trace the embezzled funds, leading to the recovery of over 90 bitcoins and subsequent convictions of Feng and his accomplices for embezzlement [4]. Group 3: Legal and Regulatory Context - The primary crimes identified in the report are embezzlement and commercial bribery, which are prevalent among corporate personnel leveraging their authority for illegal gains [5]. - Recent legal reforms have increased scrutiny and penalties for corruption within private enterprises, prompting companies to enhance their internal audits and monitoring processes [4].

Core Viewpoint - The article emphasizes the importance of anti-commercial corruption in building a high-level socialist market economy, as highlighted by the recent Anti-Commercial Corruption Prosecutorial Work White Paper released by the Haidian District People's Procuratorate in Beijing, which reviews 1,253 commercial corruption cases over the past five years and provides insights into the characteristics of these crimes and recommendations for risk prevention and governance [1]. Group 1: Characteristics of Commercial Corruption - Commercial corruption in the digital economy has shown new characteristics, including premeditated actions, collaboration during the crime, and strategies to evade investigation using virtual currencies [6]. - The case discussed reveals a significant amount of 1.4 billion yuan in rewards that were illegally embezzled through a scheme involving the manipulation of internal data and the submission of false applications by external suppliers [2][4]. - The rise in commercial corruption cases is linked to the increasing awareness of anti-corruption measures within companies, as well as the evolving nature of business operations in the digital economy [7]. Group 2: Methods of Money Laundering - The embezzled funds were laundered using multiple shell companies created to receive the illicit rewards, which were then transferred to hidden accounts controlled by the perpetrators [3]. - The group utilized various overseas virtual currency trading platforms to convert the stolen funds into cryptocurrencies, employing techniques like "mixing" to obscure the transaction paths and further conceal the origins of the money [4]. Group 3: Legal and Preventive Measures - The Haidian District People's Procuratorate has implemented a dual reporting mechanism for companies to enhance legal supervision and has introduced a dedicated platform for enterprises to report corruption and seek prosecutorial assistance [8]. - The article outlines five main tactics used in commercial corruption, including inflating transaction costs, falsifying labor expenses, and disguising illicit transactions as legitimate business activities [9][10].