Chinese internet giant Tencent said it has fired over 100 employees following its investigation of graft since Q4 2019, according to its official WeChat account.
Photo credit: Tencent
During the probe, it has investigated over 60 cases and reported more than 40 suspects to the police.
In its post, Tencent listed 22 staff members who were suspected of graft, covering its gaming, social media, and video businesses. The tech giant also backlisted 37 companies during the probe.
The move marks one of the most detailed corruption reviews being publicized among Chinese private companies. It comes as the government has been prioritizing the anti-corruption campaign against government officials and corporate execs. During the campaign, more than 1.5 million government officials have been punished, according to a Bloomberg report.
Meanwhile, Beijing is also tightening its scrutiny over Chinese tech companies.
Late last year, Chinese regulators suspended the IPO of fintech giant Ant Group and kicked off an investigation into alleged monopolistic practices at Alibaba Group. The government also rolled out draft rules aimed at preventing monopolistic behavior by internet platforms. The new rules may have an impact on JD.com, Pinduoduo, Tencent’s WeChat Pay, and Meituan Dianping, among other firms.
Editing by Collin Furtado and Jaclyn Teng
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