Business

Tencent fires 70 people and blacklists 13 companies in anti-fraud campaign


Tencent’s logo is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020.

Song Aly | Reuters

Chinese internet giant Tencent last year laid off 70 people and blacklisted 13 companies as part of an anti-graft campaign.

Tencent will no longer work with the blacklisted companies, and some of those fired have been reported to public security authorities, according to the company.

The social media and gaming company says the cases involve bribery and embezzlement.

Tencent has been reporting on the results of its internal polls since 2019. But the latest report comes after a year of tightening regulation on China’s tech sector and as Beijing watches scrutinize the activities of the country’s internet giants.

In the last year, Beijing has enacted new laws in areas ranging from data protection arrive Antitrust.

China’s tech companies have found a way proactive approach to management agencies and shut down any activity that the authorities may not like.

One case involved an employee at Tencent’s digital music division using his position to claim benefits from suppliers.

In another case, a former film and television content employee owned props and clothing purchased by Tencent for filming.

Tencent shares, which are listed in Hong Kong, fell on Tuesday amid a broad-based Asian market slump.



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