Of the suspects, 76 were from the mainland and 25 from Taiwan and they have been linked to 135 cases currently under investigation, the Ministry of Public Security (MPS) said.
The suspects were arrested in the crackdown since mid-June this year.
The fraudsters had targeted victims living in the eastern province of Zhejiang, and police across the province first began to receive complaints about telecom and Internet fraud in April this year, state-run Xinhua news agency reported.
Chinese police captured 39 suspects, 14 from the mainland and 25 from Taiwan, in Cambodia, and seized the apparatus they had been using.
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Following the arrests and raids in Cambodia, and under the coordination of the MPS, police departments from seven provinces in China carried out multiple raids and arrested 62 suspects and dismantled three transnational fraud outfits.
Around 590,000 telecom fraud cases were reported in 2015, involving the loss of 22.2 billion yuan.
Officials from China, which claims Taiwan as part of the mainland, defend the action saying that the Taiwanese were involved in committing crimes against Chinese nationals.