Thousands of mobile apps developed using an Android software development kit from search giant Baidu have been found to collect and transmit personal user information to the company, Reuters reported, citing an investigation by research group Citizen Lab. The apps, including both the Android and Windows versions of Baidu’s browser, have been downloaded hundreds of […]
Category: Business Practice
Major mainland insurance company Fude Insurance Holdings has revealed its chairman, Zhang Jun, “is assisting relevant Chinese authorities with an investigation,” Caixin reported, citing a short statement from the company. Fude’s statement said the case was a “personal matter” and that the company is “not being investigated or being asked to assist the investigation.” The […]
Global banking behemoth HSBC Holdings has revealed in an earnings statement that it is under investigation by the US Securities and Exchange Commission for its hiring practices in Asia, The Wall Street Journal reported. The bank is the latest to disclose an SEC investigation into hiring practices since a Hong Kong Monetary Authority probe found […]
A court in Shanghai has handed prison sentences ten employees at two Chinese units of US food supplier OSI Group and fined the company RMB2.4 million (US$364,875) for reusing products from returned or canceled orders, Reuters reported, citing a court statement. OSI China General Manager Yang Liqun was sentenced to three years in prison and […]
Mo Hailong, a Chinese citizen and permanent citizen of the United States, has entered a plea agreement with prosecutors and admitted to conspiracy to steal seed corn from American seed firms DuPont Pioneer and Monsanto on behalf of Kings Nower Seed, a subsidiary of the Beijing Dabeinong Technology Group, The Associated Press reported. The plea […]