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

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

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

As the Chinese authorities has intensified a crackdown on corruption lately, tech corporations 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 often 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 stated. Another concerned a sports activities content material staffer benefiting from utilizing an organization he managed to enter a cope with Tencent, the corporate added.

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

© Thomson Reuters 2022