X

This is not a paywall.

Register for free to continue reading.

We made a promise to you that we’ll never erect a paywall and we intend to keep that promise. We also want to continually improve your reading experience and you can help us do that by registering with us. It’s quick, easy and will cost you nothing.



Nearly there! Create a password to finish up registering with us:


Please enter your password or get a login link if you’ve forgotten


Open Sesame! Thanks for registering.

Ramaphosa's energy plan Webinar banner

We'd like our readers to start paying for Daily Maverick

More specifically, we'd like those who can afford to pay to start paying. What it comes down to is whether or not you value Daily Maverick. Think of us in terms of your daily cappuccino from your favourite coffee shop. It costs around R35. That’s R1,050 per month on frothy milk. Don’t get us wrong, we’re almost exclusively fuelled by coffee. BUT maybe R200 of that R1,050 could go to the journalism that’s fighting for the country?

We don’t dictate how much we’d like our readers to contribute. After all, how much you value our work is subjective (and frankly, every amount helps). At R200, you get it back in Uber Eats and ride vouchers every month, but that’s just a suggestion. A little less than a week’s worth of cappuccinos.

We can't survive on hope and our own determination. Our country is going to be considerably worse off if we don’t have a strong, sustainable news media. If you’re rejigging your budgets, and it comes to choosing between frothy milk and Daily Maverick, we hope you might reconsider that cappuccino.

We need your help. And we’re not ashamed to ask for it.

Our mission is to Defend Truth. Join Maverick Insider.

Support Daily Maverick→
Payment options

Tencent Fires Over 100 Staffers After a Year-Long Graf...

Business Maverick

Business Maverick

Tencent Fires Over 100 Staffers After a Year-Long Graft Probe

The logo for Tencent Holdings Ltd.'s WeChat app is arranged for a photograph on smartphones in Hong Kong, China, on Friday, Aug. 7, 2020. President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing business with the Chinese-owned TikTok and WeChat apps beginning 45 days from now, citing the national security risk of leaving Americans' personal data exposed.
By Bloomberg
03 Feb 2021 0

Tencent Holdings Ltd. fired more than 100 employees on suspicion of graft after a series of investigations over the past year, offering a rare glimpse into an anti-corruption campaign within China’s most valuable corporation.

The social media and gaming giant said it’s investigated allegations of graft in about 60 cases since the fourth quarter of 2019, and reported more than 40 staffers to police. It also blacklisted and terminated relations with 37 partner companies over the course of the probes, the social media giant said on its official WeChat account.

The rare revelation by one of China’s most prominent private firms underscores Beijing’s increasingly tough stance on corruption among government cadres and corporate executives. More than 1.5 million government officials alone have been punished in a years-long campaign prioritized by Chinese President Xi Jinping. Beijing is now tightening scrutiny over its most powerful tech corporations, seeking to rein in their growing power in a plethora of sectors from finance to e-commerce and the sharing economy.

Allegations of graft have surfaced sporadically among the country’s biggest tech giants in past years, but Tencent’s disclosures marked one of the most complete internal reviews yet publicized. In its statement, Tencent singled out about a score of employees by name across several divisions including gaming and entertainment. It outlined alleged infractions from influence-peddling and accepting kickbacks from suppliers to bribery.

Gallery

Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or sign in if you are already an Insider.

Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. That’s what we want from our members. Help us learn with your expertise and insights on articles that we publish. We encourage different, respectful viewpoints to further our understanding of the world. View our comments policy here.

No Comments, yet

Please peer review 3 community comments before your comment can be posted