Foreign companies are increasingly wary of doing business in Chinese cities such as Shanghai, where GroupM’s offices were raided.
Photo: Ying Tang/Zuma PressChinese 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.
Persons:
Ying Tang, China Patrick Xu
Organizations:
Zuma Press, WPP, Police, GroupM’s
Locations:
Shanghai, London, China