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    Thursday, February 11, 2021

    Tencent Executive Held by China Over Links to Corruption Case -Report

    An executive at Tencent Holdings 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 per cent in early trade in Hong Kong on Thursday (Feb 11), while the broader market slipped 0.3 per cent.

    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. -Reuters

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