Tencent Fires 100 Workers Over Embezzlement and Bribery Incidents

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Tencent on Wednesday named 37 corporations it had blacklisted from future contracts and stated it has fired greater than 100 employees over embezzlement and bribery incidents.

Tencent, China’s largest social media and video video games firm, stated in a social media post that it had reported 40 staff to authorities because it began an anti-graft marketing campaign within the fourth quarter of 2019.

In a single case, an worker in its recreation publishing division sought advantages for out of doors events and obtained kickbacks from them, Tencent stated within the identify and disgrace put up.

Chinese language tech corporations have doubled down on corruption investigations in recent times, as their valuations and profiles have soared following a tech increase within the nation.

The arrest of a senior Alibaba govt in 2018 indicated {that a} years-long anti-graft drive spearheaded by President Xi Jinping wouldn’t spare the nation’s Internet titans. Yang Weidong, the president of Alibaba’s video streaming service Youkou, stepped down earlier than he was given a seven-year jail sentence.

China’s tech corporations have since offered common updates on their anti-corruption measures.

Tencent stated on Wednesday it might keep on with a “zero tolerance” coverage in the direction of unethical behaviour.

© Thomson Reuters 2021


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