WPP, the advertising giant, has fired an executive who was detained in China on suspicion of bribery. Last week, it was reported that the Chinese police had raided the Shanghai office of advertising agency GroupM, which is owned by WPP. WPP stated that they are cooperating with the authorities and conducting their own investigation. They have terminated the executive's employment and suspended trade with any external organization involved in the police inquiries. Further details of the case were not provided due to the ongoing police investigation. This incident follows the recent arrest of a Japanese national working for drugmaker Astellas Pharma and an investigation into Foxconn, the Taiwanese electronics manufacturer, over land use and tax concerns. These developments may cause concern among foreign businesses operating in China, following China's broadening of its counter-espionage law and previous fines and closures of foreign firms in the country.
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