Tencent, Baidu, Weibo downgraded by Morningstar ESG unit over censorship

Tencent, Baidu, Weibo downgraded by Morningstar ESG unit over censorship

FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo

Sustainalytics, the environmental, social and governance (ESG) rating unit of U.S. financial services group Morningstar, has downgraded Tencent Holdings, Baidu and Weibo Corp over their role in China’s expanding control of its internet.