Tencent fires 70 people and blacklists 13 firms in anti-fraud campaign
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Tencent’s logo is displayed at the World Internet Conference in Wuzhen (Zhejiang Province, China), November 23-24, 2020.
Aly Song | Reuters
Chinese Internet giant TencentIn an anti-graft effort, the government fired 70 workers and blacklisted 13 businesses last year.
Tencent has announced that it will not work with blacklisted companies, and that a small number of those who were fired have been reported to authorities.
Gaming and social media companies claimed that the cases included bribery, embezzlement.
Since 2019, Tencent reports on its internal investigations. Tencent has been reporting on the results of its internal probes since 2019.
Beijing has made new laws on a variety of subjects over the course of the past year. data protectionTo anti-monopoly.
China’s technology companies have been looking for a way to get a competitive edge. proactive approach to preempt regulatorsAny practices that the authorities don’t like, you can have them stopped.
Tencent employees using their position in digital music to request benefits from suppliers was one example.
Another case involved a former employee working on television and film content who took possession props and clothing that Tencent had purchased for filming.
Tencent shares were listed in Hong Kong on Tuesday, amid a wider slump in Asian markets.
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