Beijing
Reuters
—
China has released all Mintz employees who had been held in detention for two years since a raid on its Beijing office in March 2023, a spokesperson from the US-based due diligence firm Mintz Group told Reuters in an email.
Chinese authorities detained five local staff in the raid, which turned out to be the beginning of a sweeping crackdown on consultancy and due diligence firms, including Bain & Company’s office in Shanghai and Capvision Partners.
Foreign business lobbies said at the time the crackdown damaged investor confidence in the world’s second-largest economy.
“We are grateful to the Chinese authorities…
