Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit 
Citi Names Eric Farina and Rob Cascarino to Lead Global Infrastructure Financing Group 
9 Tips for Avoiding Tax Season Cyber Scams 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership 
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production 
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 
Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
Air Canada Express Crash at LaGuardia: Controller Distracted by Prior Emergency 
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion 
Tencent recently fired over 100 of its employees and shunned 37 firms due to the company’s bribery and embezzlement cases. It was reported that the Chinese multinational technology conglomerate holding company ousted them as it pushes its anti-graft campaign.
Tencent’s campaign against corruption
Tencent revealed to the public what it did to curb the corruption inside the company. Through its social media post, the company shared that it has reported 40 of its employees to the police and also named 37 companies that it blacklisted.
Chinese multinational technology conglomerate holding company Tencent on Wednesday named 37 companies it had blacklisted from future contracts and said it had fired more than 100 staff over embezzlement and bribery incidents.
It was said that Tencent started its anti-graft drive in the last quarter of 2019 and so far have sent dozens of employees to the police as the hunt continues for crooked workers. As per Reuters, the tech company also shared one story about an employee who was caught.
It stated that one staff who was working in Tencent’s game publishing division tried to collect benefits for parties outside of the company. The person was able to get kickbacks, but it was not explained how the transaction was done.
At any rate, Tencent has heightened its drive against corruption as more and more employees are engaging in illicit transactions. It is also cited an incident when an Alibaba senior executive was arrested for graft, and the company wants to avoid this.
Tencent’s investigation findings
Nikkei Asia reported that Tencent carried out its own investigation for graft, and the company did not hesitate to disclose its findings. It admitted that it found many of its workers have violated many of the company’s rules in the first three quarters of 2019.
So far, 22 cases of bribery and embezzlement were discovered in the fourth quarter of that same year. Tencent candidly revealed that most of the cases were connected to the company’s Platform and Content Group that manages the video-sharing businesses. Finally, most of the offending workers were from the online game and cloud business departments.
