Chinese Authorities Target Capvision and Consulting Firms in Anti-Spying Raids.

Chinese authorities have raided the offices of Capvision Partners, a Shanghai-based consulting firm, as part of a broader crackdown on the industry. The company was accused of not fulfilling its responsibilities and obligations in preventing espionage and hiring consulting experts to illegally obtain sensitive data, posing a major risk to China's national security. The investigation is the latest in a recent government crackdown on consulting and advisory firms, whose clients include overseas investors and foreign companies seeking information into Chinese industry. The raids have prompted concerns among foreign businesses about the risks of doing business in China.