Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Chinese social media giant Tencent says it fired more than 60 employees this year for corruption and bribery

Chinese social media giant Tencent says it fired more than 60 employees this year for corruption and bribery

Tencent also blacklisted 16 companies involved in alleged misbehaviour

Tencent Holdings said it fired more than 60 employees for alleged corruption and bribery during the first three quarters of this year, with 10 of those handed over to Chinese public security and judicial authorities due to violations of the law.

Shenzhen-based Tencent, China’s leading social network and online games company, said on its official WeChat public account on Thursday that it investigated over 40 cases in the past nine months, mainly involving misappropriation of company assets, corruption and bribery.

The alleged wrongdoings occurred in different business groups, including technology and engineering, platforms and content, as well as cloud and smart industries, according to the company statement.

China’s crackdown on bribery and corruption, initiated by Chinese president Xi Jinping soon after he came to power in 2013, has now widened to the tech sector as the industry becomes more important to the economy. In China, guanxi, or connections, are considered important when doing business so purges in the corporate community could come at a high price for the private sector.



Tencent’s corporate social responsibility report laid out a so-called “high voltage line” – misbehaviour that will not be tolerated by the company. These include fraudulent behaviour with regard to information, data, and fees, accepting bribes or kickbacks, and leaking sensitive information.

“The high-voltage line is an important part of Tencent’s culture … Once the personal behaviour of employees touches this line, they will all be fired,” Tencent said in the statement.

A Tencent spokesperson declined to comment further on the issue.

Tencent also blacklisted 16 companies involved in such misbehaviour. “There is no cooperation any more. We will no longer accept or offer any service or products to the companies,” the Tencent statement said.

Tencent is not the only Chinese tech company boosting efforts to clean up operations. Beijing-based Bytedance, operator of global short video app TikTok, last year fired an executive who was found to be accepting bribes, including luxury cars and several million yuan from a business partner.

Also last year, Yang Weidong, the former president of Alibaba Group’s Youku video platform, was arrested on suspicion of accepting improper payments. Alibaba is the parent company of the South China Morning Post.

In December last year on-demand services company Meituan Dianping said that 89 people, including its own employees and employees from partner companies, were being investigated by authorities as a result of the company's tougher scrutiny over corruption and other wrongdoings.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
×