Chinese tech giant Tencent said it last year dismissed more than 120 employees for violating its anti-fraud rules, including for corruption and embezzlement. Last year, more than 70 breaches of the code of conduct were reported, Tencent said. Others worked in the group's medical services arm, a sector where Tencent's telemedicine applications have huge market share in China. One of the employees implicated by Tencent was sentenced to four years in prison and fined 100,000 yuan ($14,000), according to the press release. Tencent is now looking for more opportunities abroad, particularly in Europe, where it is strengthening its position by acquiring stakes in major gaming studios.

Source: Ethiopian News February 04, 2024 08:58 UTC