Shanghai raid comes as China takes an increasingly tough stance on foreign businesses
Foreign companies are increasingly wary of doing business in Chinese cities such as Shanghai, where GroupM’s offices were raided.Chinese police have raided the Shanghai offices of GroupM, a media-investment group and unit of London-based WPP, and detained an advertising executive, said a person familiar with the matter.
Police questioned other local executives during the raid, including GroupM’s Chief Executive in China Patrick Xu, the person said.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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