'Everybody is worried': China raids offices of consultancy firm Capvision in widening industry crack

Source: CNN

‘Everybody is worried’: China raids offices of consultancy firm Capvision in widening industry crackdown

By Nectar Gan and Juliana Liu, CNN
Updated 4:05 AM EDT, Tue May 9, 2023

Hong Kong (CNN) — China’s state security authorities raided multiple offices of international advisory firm Capvision, state media reported Monday, part of a broader crackdown on the consulting industry as Beijing tightens control over what it considers sensitive information related to national security.

Officers raided Capvision’s office in the eastern city of Suzhou, questioned its employees and searched office devices, a Jiangsu provincial television station reported Monday. The company was a so-called expert network, which connected its clients with people who provided specialist knowledge, largely in mainland China.

The report did not give an exact date of the raid, but said it was part of a coordinated, nationwide operation carried out simultaneously targeting the company’s branches in cities including Beijing, Shenzhen as well as Shanghai, where Capvision was founded in 2006.

The consultancy firm, which is headquartered in Shanghai and New York, adds to a growing list of global consulting companies that have been ensnared in Beijing’s widening crackdown on what it perceives as national security risks.

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Read more: https://edition.cnn.com/2023/05/09/business/china-capvision-consultant-industry-crackdown-intl-hnk/index.html