China’s Tencent fires more than 120 workers for fraud

Signage at the Tencent Holdings Ltd headquarters in Shenzhen, China. Last year, more than 70 breaches of the code of conduct were reported, Tencent said. — Bloomberg

BEIJING: Chinese tech giant Tencent said it last year dismissed more than 120 employees for violating its anti-fraud rules, including for corruption and embezzlement.

The Hong Kong-listed company is the world’s top video game maker and the owner of the popular super-app WeChat, which is installed on almost every phone in the country.