Miguel Cordon · · 1 min readTencent axes 70 staff, bars 13 firms in anti-corruption investigation
Chinese tech titan Tencent has axed almost 70 employees from its workforce that were said to have been involved in bribery and embezzlement last year. It has also blocked 13 companies from inking future contracts with the gaming and social media giant, Reuters reported.
Tencent has been conducting its anti-graft initiative since 2019, and it openly reports the results of its investigations.
Last year, the company said that one of its cases involved an employee from its digital music arm requesting and gaining favors from suppliers. Another case focused on a member of the tech giant’s sports content unit profiting from a deal struck by Tencent with a company he controlled. Both of them have been fired.
The latest report comes as China’s crackdown on local tech giants such as Tencent and Alibaba continues to intensify. The country has also increasingly been tightening its grip on cases of corruption, which has led to the same tech firms to focus more on their own investigations.
See also: Demystifying the Alibaba mafia
Editing by Collin Furtado and Lorenzo Kyle Subido
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