Comments
Chinese authorities have held an executive at Tencent Holdings Ltd 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% in early trade in Hong Kong on Thursday, while the broader market slipped 0.3%.
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 unauthorized sharing of personal data collected by Tencent's social-media app WeChat, the Journal said.
Related Stories
Tencent hit with fresh anti-monopoly complaint, this time from GM China venture
Shanghai PATEO, in a statement accused Tencent of abusing its messaging app’s dominant market position to restrict sales of its productsZhang was suspected of turning over WeChat data to formerVice Public Security Minister Sun Lijun, who is being investigated by Beijing for undisclosed violations of Communist Party rules, the report added
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.