Tencent executive held by China over links to corruption case: WSJ By Reuters

February 11, 2021 admin Stock News 0

© Reuters. FILE PHOTO: Logo of Tencent is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing

(Reuters) – An executive at Tencent Holdings (OTC:) Ltd 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.

Tencent’s shares fell 1.4% in early trade in Hong Kong on Thursday, while the broader market slipped 0.3%. (https://on.wsj.com/2NdMuv9)

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