On June 6, 2026, a Douyin user by the name of 'Zhenzhen Janice' uploaded an elevator surveillance video. The footage captured Chen Tao, the chairman of Victory Giant Technology, engaging in affectionate behavior with a woman dressed in white. According to the woman, Chen Tao had hidden the fact that he was married as well as his health issues. He tricked her into having a child with him. Subsequently, after she was hospitalized due to depression, he blocked her and disappeared without a trace.

The controversy surrounding this incident took a heavy toll on Victory Giant Technology. On June 8, the company's stock price took a nosedive, plummeting by more than 9%. In just half a day, its market value had shrunk by over 20 billion yuan. In response to this situation, Victory Giant Technology issued a statement. They claimed that the content circulating online had no bearing on the company's production and operations. They also reported the matter to the police and stressed that their day-to-day operations were running smoothly and that they had a healthy pipeline of orders.

On June 9, there was a glimmer of hope as Victory Giant Technology's stock price rebounded by 8.82%. However, this recovery was short-lived. On June 10, the stock price dropped once again, this time by 3.59%. As of the latest update, the company's market value stood at approximately 324.6 billion yuan.