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Saturday, February 14, 2015

Shanghai tech firm gives Tesla cars to employees as year-end bonus

Want China Times, Staff Reporter 2015-02-14

A customer admires a Tesla car at a car showroom in Beijing,
Feb. 11, 2014. (Photo/CFP
)

Chinese internet company Zhangmen Technology rewarded its employees with Tesla cars for year-end bonuses, reports Shanghai-based online media outlet The Paper.

Brother of leading entertainment company Shanda Interactive Entertainment founder and CEO Chen Tianqiao, Chen Danian, became CEO of Zhangmen, a subsidiary of Shanda that focuses on mobile internet software and hardware development.

Zhangmen turned profitable with a smartphone app named WiFi Omnipotent Key after reported losses of 100 million yuan (US$16 million) at the beginning of 2014. The Android-based app allows users to find WiFi hot spots near them and has active users of more than 500 million and 230 million monthly active users.

There has been speculation online that 36 out of around 50 employees received Tesla Model S cars for year-end bonuses. Chen Danian said more than 36 employees received cars as a reward for their hard work for the company. Talent is what is most needed in the Shanghai industry, as there is no dearth of money or ideas, Chen said.

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