SHANGHAI: Four people linked to WPP-owned media agency GroupM have been questioned by authorities in Shanghai, according to two people with knowledge of the matter. One current employee and two former staff were detained, one of the people said.
New: You can now listen to articles.SHANGHAI: Four people linked to WPP-owned media agency GroupM have been questioned by authorities in Shanghai, according to two people with knowledge of the matter.
An employee stationed in the closest police precinct to WPP's Shanghai office said police could not comment. The investigation is likely to reverberate around China's foreign business community, which is already unnerved by a widespread crackdown on consulting and due diligence firms as well as a new national security law, leading some business leaders to warn that foreign firms may hesitate to invest further in the market.China is a major growth engine for WPP and GroupM, with global executives vocal about their intention to invest in the market long-term in recent months.
This is just the most recent in a string of raids and investigations launched into foreign businesses operating in China this year.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 dead, 17 injured after lift in China mall plunges from fourth floorThree people have died and 17 were injured on Wednesday after an elevator in a China mall plunged from the fourth floor to the first floor, Chinese media reported. The incident took place at around 12pm at Fucheng commercial capital in Yunnan province, according to...
Read more »
Russia says it is coordinating Middle East policy with ChinaRussia said on Thursday (Oct 19) it was coordinating its policy in the Middle East and North Africa with China, an increasingly close ally that President Vladimir Putin visited this week.
Read more »
China's nuclear arsenal at more than 500 warheads: Pentagon reportWASHINGTON: China has more than 500 operational nuclear warheads in its arsenal and will probably have over 1,000 warheads by 2030, the Pentagon said in its annual report on Beijing's military that was released on Thursday (Oct 19).
Read more »
China returns as Formula E drops Cape Town and JakartaChina will return to Formula E next season with a round in Shanghai while Cape Town and Jakarta were absent from the all-electric championship's latest 16-race calendar published on Thursday (Oct 19).
Read more »
China's Xi Jinping commits to more investments in NigeriaABUJA: China's President Xi Jinping pledged on Thursday (Oct 19) for his country to increase investments in Nigeria's power generation sector and its digital economy, the Nigerian vice president's office said in the wake of a Belt And Road Initiative forum in Beijing.
Read more »
Russia says it is coordinating Middle East policy with ChinaRussia said on Thursday (Oct 19) it was coordinating its policy in the Middle East and North Africa with China, an increasingly close ally that President Vladimir Putin visited this week.
Read more »