Tencent Executive Held by China Over Links to Corruption Case: Report
Tencent’s Zhang Feng has been under investigation by China's anti-graft inspector for alleged unauthorised sharing of personal data.
Advertisement
Highlights
- Tencent is the most valuable company in Hong Kong
- Zhang was referred to as a Tencent vice president in a 2018 statement
- Tencent said that Zhang's case was not related to WeChat app or Weixin
Shares in the gaming company and Internet powerhouse fell 1.4 percent in early trade in Hong Kong
An executive at Tencent has been held by Chinese authorities as part of a probe into a high-profile corruption case involving one of China's former top law-enforcement officials, the Wall Street Journal reported, citing people familiar with the matter.
Shares in the gaming company and Internet powerhouse fell 1.4 percent in early trade in Hong Kong on Thursday, while the broader market slipped 0.3 percent.
Tencent did not immediately respond to a request for comment.
Zhang Feng has been under investigation by China's anti-graft inspector since early last year for alleged unauthorised sharing of personal data collected by Tencent's social-media app WeChat, the Journal said.
Zhang was suspected of turning over WeChat data to former Vice Public Security Minister Sun Lijun, who is being investigating by Beijing for undisclosed violations of Communist Party rules, the report added.
Advertisement
© Thomson Reuters 2021
Can Realme X7 Pro take on OnePlus Nord? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
Affiliate links may be automatically generated - see our ethics statement for details.
For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.
Advertisement