Tencent Fires 70 Staff, Blacklists 13 Firms in Anti-Graft Campaign

Tencent Holdings, China’s largest social media and video video games firm, on Tuesday mentioned it fired practically 70 workers over bribery and embezzlement incidents final yr and named 13 firms it had blacklisted from future contracts.

Tencent mentioned in a social media submit that it had additionally reported greater than 10 folks to authorities over their actions.

As the Chinese authorities has intensified a crackdown on corruption in recent times, tech firms have doubled down on their very own investigations into irregularities as their valuations and profiles have soared following the nation’s tech increase.

Tencent began its anti-graft marketing campaign in 2019 and has been usually reporting the outcomes of its probes.

In 2021, one case concerned a former worker from its digital music division asking for and getting favours from its suppliers, Tencent mentioned. Another concerned a sports activities content material staffer benefiting from utilizing an organization he managed to enter a take care of Tencent, the corporate added.

Beijing, which has since final yr reasserted management over its once-freewheeling Internet sector by way of a wide-ranging regulatory crackdown, mentioned final week it might examine and punish any corrupt behaviour discovered behind Internet platform monopolies.

© Thomson Reuters 2022