Tencent dismissed for corruption: China’s Tencent said it had fired more than 100 employees for corruption in 2022

Tencent Holdings Ltd, Asia’s largest internet company, said on Monday it had fired more than 100 employees for breaching the law and company policies in 2022, citing reasons including suspected bribery and embezzlement.

In a statement on its WeChat social network, the Shenzhen-based company said the incidents spanned more than 70 cases across business lines as diverse as video games, live streaming and advertising, and that it had reported more than 10 people to law enforcement.

The disclosure comes after Bonnie Ma, the founder of Tencent, said at the town hall last month that serious “corruption” issues had been discovered within the company, and that mismanagement was draining the company’s vitality.

To promote transparency, Tencent has published an annual report for most of the past few years listing the number and details of corruption cases found within the company that year. Such cases usually involve bribery, embezzlement and collusion.

In the most serious case published on Monday, Tencent said an employee took a bribe from another company and was subsequently sentenced to three years in prison. Six other cases resulting in prison sentences were also highlighted.

“There is an increase in the number of cases and people involved this year compared to 2021,” the company said. “Tencent’s anti-fraud investigation department has taken stronger action against such internal issues as corruption and fraud.”

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In January last year, Tencent announced more than 50 corruption cases in which nearly 70 employees were fired.

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