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Tencent Employee Faces Corruption Investigation in China
Bloomberg
2/11/2021
Zheping Huang
© Bloomberg
The Tencent Holding Ltd. logo at the company s Tencent Binhai Mansion in Shenzhen, China, on Thursday, Nov. 19, 2020. Tencent is investing about $150 million in Waterdrop Inc. to bankroll the Chinese startup’s expansion in health-care crowdfunding, according to people familiar with the matter.
(Bloomberg) Tencent Holdings Ltd. said an employee is under investigation for alleged corruption in his personal dealings, rejecting a report that the probe involved the unauthorized transfer of WeChat data.
The probe of Zhang Feng does not involve Tencent’s WeChat messaging service, a spokesperson said. The Wall Street Journal had reported earlier that Zhang had been detained for allegedly sharing personal data collected by WeChat with Sun Lijun, a former vice public security minister that’s being investigated by Beijing. ....

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