Chinese authorities questioned and investigated employees at Bain & Company’s Shanghai office last week, in the latest crackdown of foreign businessmen in China. Bain, the global consulting firm headquartered in Boston, said that it is cooperating with Chinese authorities.
Chinese police took Bain employees’ phones and computers, according to a report from the Financial Times. The investigation comes on the heels of a decision by China to expand its espionage laws, giving more power to the state to control data and information.
Muddy Waters, an investment research firm, tweeted about the Shanghai raid of Bain & Company, saying, “As the old adage goes ‘How did you get …
