All articles tagged with #corporate intelligence
Risk-advisory firms are withdrawing from Hong Kong and relocating their employees due to declining business and increased scrutiny from Chinese authorities regarding corporate intelligence gathering. The exodus of foreign businesses from Hong Kong continues as concerns grow.
China's national security agencies have confirmed uncovering espionage by local units of foreign consulting companies, as part of a nationwide sweep of corporate intelligence and due diligence firms. Police recently raided offices of Capvision across China, alleging the New York-based provider of expert consultations and research paid employees of state-owned companies to leak secrets. This comes after authorities raided U.S. due diligence firm Mintz Group's Beijing office and detained local staff in late March, and questioned employees at Bain & Co.'s office in Shanghai last month.