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Chinese police question US firm Bain’s employees

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Chinese authorities have questioned staff at Bain & Company’s Shanghai office, the US consultancy giant said Thursday.

The Financial Times, which first reported the news on Wednesday, said that according to multiple sources, police made a surprise visit to the office two weeks ago.

Bain, which provides strategy and management consulting services worldwide, confirmed that its employees had been questioned in an emailed statement but did not specify why.

“We are cooperating as appropriate with the Chinese authorities,” it read.¬†“At this time, we have no further comment.”

Phones and computers were taken away, but no one was detained, the FT said.

It added that the news has fuelled concern among US companies operating in the country that Beijing might take retaliatory action against them for Washington’s moves against Chinese firms.

Last month, US due diligence firm Mintz Group said Chinese police had arrested five of its local employees and shut down its Beijing office.

Authorities later said the company was being investigated for “illegal” activities.

A few days later, China’s top cybersecurity regulator said it was investigating leading US memory chipmaker Micron Technology and would review its products over “national security concerns”.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.




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