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

Tencent, China’s largest social media and video video games firm, mentioned in a social media post that it had reported 40 workers 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 mentioned within the identify and disgrace submit.

Chinese language tech firms have doubled down on corruption investigations in recent times, as their valuations and profiles have soared following a tech growth 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 Net 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 firms have since offered common updates on their anti-corruption measures.

Tencent mentioned on Wednesday it might follow a “zero tolerance” coverage in the direction of unethical behaviour.

© Thomson Reuters 2021


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