ByteDance also launched a new streaming service app that will rival Spotify in China. ByteDance, the China-based owner of the famous social media platform TikTok, had added Douyin to its subsidiaries' names, including one based in Hong Kong, where the company was reportedly considering floating part of its business before it was put on hold due to China's regulations.
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2 February 2021, 10:24 pm EST By Tencent Internally Fires 100 Suspicious Employees for Alleged Graft Involvement After Investigations Over the Past Year ( Screenshot From Tim Tao YouTube )
Tencent Holdings Ltd. has just fired over 100 different employees on suspicion of being involved in graft after quite a series of investigations that took place over the past year. This offers a rare glimpse into the anti-corruption campaign within China s supposedly most valuable corporation.
Tencent fires 100 employees
The said social media and gaming giant stated it s investigated allegations of graft in well about 60 different cases ever since the fourth quarter of 2019. The company had also reported over 40 staffers to the police authorities.