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Tencent Holdings, China’s largest social media and video video games firm, on Tuesday mentioned it fired practically 70 employees over bribery and embezzlement incidents final 12 months and named 13 firms it had blacklisted from future contracts.
Tencent mentioned in a social media submit that it had additionally reported greater than 10 folks to authorities over their actions.
Because the Chinese language authorities has intensified a crackdown on corruption in recent times, tech firms have doubled down on their very own investigations into irregularities as their valuations and profiles have soared following the nation’s tech growth.
Tencent began its anti-graft marketing campaign in 2019 and has been recurrently reporting the outcomes of its probes.
In 2021, one case concerned a former worker from its digital music division asking for and getting favours from its suppliers, Tencent mentioned. One other concerned a sports activities content material staffer taking advantage of utilizing an organization he managed to enter a take care of Tencent, the corporate added.
Beijing, which has since final 12 months reasserted management over its once-freewheeling web sector by means of a wide-ranging regulatory crackdown, mentioned final week it might examine and punish any corrupt behaviour discovered behind web platform monopolies.
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