Tencent executive detained by China for ties to corruption case: WSJ By Reuters

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© Reuters. FILE PHOTO: Tencent’s logo is seen on its booth at the 2020 China International Trade in Services Fair (CIFTIS) in Beijing

(Reuters) – Chinese authorities detained an executive from Tencent Holdings (OTC 🙂 Ltd as part of an investigation 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 of the games company and internet powerhouse fell 1.4% in early trading in Hong Kong on Thursday, while the overall market fell 0.3%. Tencent did not immediately respond to a request for comment. Zhang Feng has been investigated by China’s anti-bribery inspector since early last year for alleged unauthorized sharing of personal data collected by Tencent’s WeChat social media app, the Journal said. (https://on.wsj.com/2NdMuv9) Zhang was suspected of turning over WeChat data to former Deputy Minister of Public Security Sun Lijun, who is being investigated by Beijing for undisclosed violations of Communist Party rules, the report added.

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