In April 2013, Red Flag president Jia Dong apparently told a staff meeting that wages couldn’t be released, and by the end of the year the firm had to close its HQ in Beijing’s Haidian district after being unable to pay rent and utilities.
Staff are now turning their attention to Red Flag’s major shareholder, the Institute of Software at the Chinese Academy of Sciences (CAS), to recoup unpaid wages which now total almost 15 million yuan (£1.5m).
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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