Chinese internet giant Tencent is actively promoting its internal “anti-corruption struggle”. Tencent Group issued an “anti-fraud briefing” on the 2nd, in which more than 100 people were dismissed for violating “Tencent’s high pressure line” and more than 40 people were transferred to public security authorities for suspected crimes. In addition, 37 external companies were added to Tencent’s list of “never to cooperate” subjects.
According to Brokerage China, a new media outlet under the Securities Times, Tencent Group has an anti-fraud investigation department and has set six “high-pressure lines”: intentional false reporting, receiving kickbacks, leaking company trade secrets, engaging in behavior that competes with the company in business, illegal and disorderly behavior, and inquiring about or leaking confidential and sensitive information such as salaries.
Tencent had first released internal violation cases to the public on Dec. 26, 2019, making public details of the anti-corruption. At that Time, more than 60 people were dismissed for touching the “high pressure line” and more than 10 people were transferred to the public security and judicial organs for suspected violations.
What was released to the public on the 2nd was Tencent’s second anti-fraud notification. According to the report, Tencent has always adopted a “zero tolerance” attitude toward violations of the “high pressure line”. For the external companies involved in the case, they will also be included in the company’s blacklist and will never cooperate.
Brokerage China points out that Chinese Internet companies have been promoting an “anti-corruption storm” in recent years, with many well-known online companies having anti-corruption departments, including Baidu’s Professional Ethics Committee, Alibaba’s Integrity Department, Meituan’s Major Crime Unit 6, and DDT’s Risk Control Compliance Department.
China’s well-known drone company DJI also issued an internal anti-corruption announcement in early 2019, alleging a large amount of corruption among accidental R&D staff, procurement staff, and quality control staff in the management reform, conservatively estimating that the company lost more than RMB 1 billion in 2018 as a result. In response, DJI referred 16 people with serious problems to justice and dismissed 29 employees.
Jingdong had also issued an anti-corruption announcement on August 24, 2018, announcing 16 typical cases of anti-corruption in the group, in which three employees were suspected of “bribery of non-state employees” for accepting bribes, and one employee was suspected of “misappropriation of office” for using his position to embezzle company goods, for which four people were dismissed and criminally detained by public security authorities, and 12 others were also dismissed.
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