China's Focus On Commercial Bribery Is A Wake-Up Call
Law360, New York (July 28, 2015, 10:10 AM EDT) -- Alex Brackett
Ryan Bonistalli Earlier this month, six former employees of Tencent Holdings Ltd., including Liu Chunning, now a high-level executive of Alibaba Group Holding Ltd., were detained by Chinese authorities as part of a bribery investigation relating to payments made by online video content providers to employees of Tencent, including Liu. In addition to showcasing the continued fight against graft in China, this case should remind companies that anti-corruption compliance involves more than just mitigating the risk of official bribery. That includes in particular U.S. companies with international operations, who often focus anti-corruption compliance efforts primarily on interactions with government...
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