SOE banquet loss no gift for industry

The "best employee" received a Porsche. Those few judged "excellent" scooped up 500,000 yuan ($82,661) of stocks and trips to Hong Kong. "Good" employees won cool gadgets like the NOTE2 and iPhone 5s.

The year-end dinner for Qihoo 360, an NYSE-listed Chinese Internet company, wowed netizens and left many public sector employees somewhat envious.

Traditionally, Chinese companies host "annual conferences" in the last lunar month of the year to celebrate their success by thanking staff and clients.