China's Tencent said it fired more than 100 employees over corruption in 2022

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HONG KONG - Tencent Holdings, Asia’s biggest internet company, on Monday said it fired more than 100 employees for violating law and company policies in 2022, citing reasons including suspected bribery and embezzlement. In a statement on its social network WeChat, the Shenzhen-based company said incidents spanned more than 70 cases across business lines as varied as video games, livestreaming...

In January last year, Tencent publicised more than 50 corruption cases where close to 70 employees were fired.HONG KONG - Tencent Holdings, Asia’s biggest internet company, on Monday said it fired more than 100 employees for violating law and company policies in 2022, citing reasons including suspected bribery and embezzlement.

The disclosure comes after Tencent’s founder Pony Ma in a townhall last month said serious “corruption” issues had been discovered within the company and mismanagement was draining the company’s vitality.

Source: News Formal (newsformal.com)

 

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