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Corruption investigation -Tencent fires 100 employees, blacklists 37 firms

Editorial Desk by Editorial Desk
February 3, 2021
in China, Tech
0
Corruption investigation -Tencent fires 100 employees, blacklists 37 firms

FILE PHOTO: FILE PHOTO: A logo of Tencent is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song

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SHANGHAI (CHINA) – Tencent Holdings Ltd, China’s biggest social media and video games company, on Wednesday named 37 companies it had blacklisted from future contracts.

The company also informed through a social media that it had reported has fired more than 100 staff over embezzlement and bribery incidents. They have also reported 40 employees to authorities since it started an anti-graft campaign in the fourth quarter of 2019.

Chinese tech companies have doubled down on corruption investigations in recent years, as their valuations and profiles have soared following a tech boom in the country.

Tencent said on Wednesday it would stick to a “zero tolerance” policy towards unethical behaviour.

Tags: CorruptionTancent
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