Chinese Internet company Tencent Holdings Ltd. said six former employees of its online video business have been detained by authorities as part of a bribery investigation.
Shenzhen-based Tencent, a major social networks and online games company, didn’t disclose the names of the six individuals. But Alibaba Group Holding Ltd., Tencent’s chief rival in China, said Patrick Liu, the head of the e-commerce company’s digital entertainment unit who was previously a senior executive at Tencent’s online video business, has been detained by authorities. “This issue is related to his time at Tencent and has nothing to do with Alibaba,” an Alibaba spokesman said.
A Tencent spokeswoman said the company first uncovered the practices of its online video employees in its internal probe last year and reported the case to local authorities. The internal investigation found that the individuals allegedly received bribes from a video content supplier to help raise the prices at which Tencent purchased its videos, she said.
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