A Tencent Holdings Ltd. executive was held by authorities in China as part of investigation of a corruption case involving a former top law-enforcement official. — Reuters
A Tencent Holdings Ltd. executive has been held by authorities in China investigating a corruption case involving a former top law-enforcement official, the Wall Street Journal reported, citing people with knowledge of the matter.
The executive was investigated for allegedly sharing personal data collected by WeChat with a former government official, according to the report. Tencent’s shares were down more than 1% in Hong Kong trading.
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