UK chip designer Arm, owned by SoftBank Group, voted to dismiss the head of its Chinese joint venture on June 4 after discovering its Chief Executive Allen Wu had created an investment fund that would compete with a similar fund run by Arm and partner Hopu Investment
Management, along with other violations of the employee code of conduct, a person familiar with the situation told Reuters Breakingviews. Wu retains the physical company stamp and key registration documents without which the legal representative cannot be formally changed.
Source: News Formal (newsformal.com)
ReutersChina petesweeneypro It's America CEO.
ReutersChina petesweeneypro we don't hate Chinese people, we hate communist government of 🇨🇳, government will pay for what he done with us.
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