Chinese drone maker DJI expects US$150mil loss due to corruption: report

The logo of Chinese drone maker DJI is seen at the company's office in New York, New York, U.S., August 11, 2017. REUTERS/Alwyn Scott/File Photo

SHANGHAI: The world's largest maker of consumer drones, China's SZ DJI Technology Co Ltd, expects losses of more than 1bil yuan (RM607.75mil) for 2018 due to internal corruption, the state-run China Securities Journal said on Jan 18.

The newspaper cited an internal company report on corruption, which said that more than 40 people at privately-held DJI had been investigated. DJI did not immediately respond to Reuters' request for comment on the report.