Tencent calls for credible platform to fight internet fraud

To combat internet fraud, Chinese internet giant Tencent called on the government to establish a credible platform for related companies and banks to share databases, which can be used for finding fraudulent activity. "Since internet fraud has developed into a mature business chain, a single company or only police cannot successfully fight it alone," Tencent Chairman and CEO Ma Huateng said on Wednesday at a conference in Beijing. Ma said the black industry, telecommunication and internet fraud, illegally obtains databases of people's personal information and makes fraudulent phone calls or uses malicious apps to cheat them out of money. "Uniting all parties concerned is a fundamental way to deal with telecom and internet fraud," said Chen Shiqu, a deputy inspector at the criminal investigation department of the Ministry of Public Security.