After server data was deliberately destroyed by an employee, the shares of Weimob Inc, a Chinese tech company listed in Hong Kong, fell nearly 7% in the morning trading.
Weimob announced in a filing to the Hong Kong Stock Exchange today that SAAS business data was "artificially damaged" by an employee. After the failure, a large-scale service cluster was found to be unresponsive, and the production environment and data were severely damaged.
As of 11:12 on February 25, 2020, Weimob was down 6.7%. However, in the afternoon trading, the stock price rebounded and finally closed up 4.2%.
The company announced that the suspect, surnamed He, is a core operation and maintenance officer in the operation and maintenance department of the R&D center.
For personal reasons, life, etc., he logged into the company's intranet at 18:56 pm on February 23, and maliciously damaged the production environment of Weimob online.
At present, the company has reported to the Shanghai Police and the employee has been detained.
Weimob was established in September 2014 with a registered capital of about 929 million yuan. The company's business scope includes technology development, technology services, technology transfer, and technology consulting in the field of information technology.
According to its website, Weimob has more than 3,200 employees, more than 1,600 channel agents, and more than 3 million registered merchants. It is a cloud business and marketing solution provider for SMEs, and a precision marketing service provider for SMEs on Tencent's social network service platform.

