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Tencent Blacklists 37 Firms in Anti-Graft Campaign

February 4, 2021 0:57 am

Beijing (PingWest)- Tencent had named 37 companies in its blacklists that it will stop signing contract with, the Chinese social network and gaming giant said in a social media post on Wednesday.

Tencent also said it has fired more than 100 staff for bribery issues, and it has reported 40 employees to related authorities for bribing outside parties and received kickback from them.

Tencent noted that it has initiated anti-graft campaign and investigated the issues since the fourth quarter of 2019.  

Chinese tech companies have cracked down corruption in recent years as their business scaled up and expanded beyond its core as well as profiles have soared following a tech boom in the country.

Yang Weidong, the president of Alibaba’s video streaming service Youkou, stepped down before he was given a seven-year jail sentence.

An Bang, a 31-year old Baidu senior engineer who joined the company’s search operations and maintenance department, installed crypto mining scripts- a mining system that instruct servers to mine cryptocurrency- on 200 of Baidu’s servers between April and July 2018, allowing him to use the company’s computing power to freely mine cryptocurrency including Bitcoins and Monero.

As a result, the Baidu engineer has been sentenced to three years in prison.