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Scanningdude t1_jdjkeeb wrote

Reply to comment by rs725 in China authorities raid US due diligence firm, detain staff by VIRGO_SUPERCLUSTERZ

"Due diligence (DD) is an extensive process undertaken by an acquiring firm in order to thoroughly and completely assess the target company's business, assets, capabilities, and financial performance. There may be as many as 20 or more angles of due diligence analysis."

Basically from what I can ascertain, this was a consulting firm that did this type of work.

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Crowasaur t1_jdjlvzl wrote

I can see how the CCP could see this as "spying".

I expect retaliations against Canada as well with what is happening in Parliament

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Scanningdude t1_jdk4rou wrote

This is exactly why I think this went down. China didn’t want something to get out to the global financial markets and were literally willing to take this action to make sure that didn’t happen. Just my guess but I’d bet that’s the case.

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DarthLysergis t1_jdkxudn wrote

To be fair though, a consulting firm whose business is looking into businesses would be a beautiful cover for an intelligence agent. Not saying it is the case, but it is reasonable to assume that an authoritarian government may see it as a possibility.

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MN8616 t1_jdkv0xg wrote

These types of firms are also hired to insure companies complying with terms of their contracts for things like maximum hours, minimum wages, child labor; i.e. a whole host of things important to western companies buying their products.

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