Tech giant Tencent fires more than 100 employees for fraud, bribery and embezzlement | Business

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Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement. | News24_Business

The Hong Kong-listed company is the world's top video game maker and the owner of popular super-app WeChat but has struggled under a broad regulatory crackdown on China's tech sector initiated in late 2020.

More than 10 were transferred to China's public security organ, it added, accusing them of"bribery or occupation". "The number of cases and personnel investigated and dealt with throughout 2022 has increased compared with 2021," it added.

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