Tencent fired 100 people for corruption during 2022
Chinese web and gaming giant Tencent has admitted it fired more than 100 people in 2022 for various forms of corruption – some so serious it reported them to local police.
In a post to the corporate WeChat account, Tencent's internal corruption-fighters released the conglomerate's annual anti-corruption report and detailed one employee in the film production unit who accepted bribes and was jailed for three years.Other employees embezzled corporate funds, arranged sham contracts, or solicited goods for personal use from Tencent suppliers.Tencent has over 100,000 employees, so finding around 100 of them were crooked does not suggest widespread corruption.
The latter issue appears to have been addressed. Last week Tencent reported that its video and news divisions managed to record profits – a pleasing turnaround. And overnight Tencent video appears to have scored a hit with a live-action adaption of seminal Chinese sci-fi novelTencent's share price has also done very well in recent months, rising from a November 2022 low of HK$190 to reach HK$370 in recent trading.
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