Bain confirms Chinese police raided its Shanghai office

Chinese authorities have questioned employees at Bain & Co’s Shanghai office, according to the consultancy, a development that comes as Beijing exerts pressure on foreign firms operating in the country.

The Financial Times earlier cited sources familiar with the matter as saying police visited the office and took away computers and phones, but did not detain any team members. The reason for the police visit about two weeks ago was unclear, the newspaper said. Chinese officials have recently taken several actions against other foreign firms in the country. Last month, authorities raided New York-based due diligence firm Mintz Group’s office in Beijing and detained five of its Chinese employees.

Days later, Chinese authorities detained an employee of Japanese drugmaker Astellas Pharma on suspicion of “espionage activities”.

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