Chinese police say Tencent likely swindled by chilli sauce impostors


Source: channelnewsasia.com

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SHANGHAI: Chinese police on Wednesday (Jul 1) said Tencent appears to have been duped by a group of people masquerading as representatives of China's best-known chilli oil maker, Lao Gan Ma, after the internet giant accused the latter of breaching a contract. The dispute emerged earlier this week after a Shenzhen court said it would freeze 16.24 million yuan (US$2.3 million) worth of assets belonging to Lao Gan Ma at the request of Tencent Holdings, who had sued the manufacturer for failing to pay advertising fees under a 2019 contract. Lao Gan Ma in a statement said it never signed...