Chinese internet giant Tencent last year laid off 70 people and blacklisted 13 companies as part of an anti-fraud campaign.

See also: Romance scams: Man jailed for trying to scam 670 people
Tencent will no longer work with the blacklisted companies, and some of the individuals who were fired have been reported to public security authorities, according to the company.
The gaming and social media company said the cases involved bribery and embezzlement.
Tencent has been reporting the results of its internal investigations since 2019. But the latest report comes after a year of tighter regulations in China's tech sector and as Beijing scrutinizes the practices of the country's internet titans.
See also: Google: May have accidentally approvedcardTarget
In the last year, Beijing has introduced new laws in areas ranging from data protection to antitrust policy.
China's tech companies have tried to take a proactive approach to get ahead of regulators and crack down on any practices that authorities may not like.
One case involved an employee in Tencent's digital music division who used his position to solicit benefits from suppliers.

In another case, a former employee working on film and television content stole clothes purchased by Tencent for filming.
See also: Kim Kardashian and Floyd Mayweather accused of crypto fraud
Shares of Tencent, which is listed in Hong Kong, fell on Tuesday amid a broader decline in Asian markets.
Information source: cnbc.com
