Chinese authorities target US consulting firm Bain in Shanghai crackdown.

1 min read
Source: The New York Times
Chinese authorities target US consulting firm Bain in Shanghai crackdown.
Photo: The New York Times
TL;DR Summary

Chinese authorities visited the Shanghai offices of Bain & Company to question its employees, marking the latest official scrutiny of a prominent American business in China. The questioning came less than a month after the authorities detained five Chinese nationals working in Beijing for the Mintz Group, an American consulting company. The raid on Bain’s operations in Shanghai is the latest sign of the strained economic relationship between the U.S. and China. Multinationals typically share sensitive information with advisory firms under confidentiality agreements that require the clients to be notified if any of their data is compromised.

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