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In the News: Adidas' Alleged China Bribery; Alternative Chinese Fund Raising from US Convertibles; and EU EV Tariffs
June 21, 2024 | BY
Clarence Lee &Krista LeeAlleged receiving of kickbacks by senior executives in China could subject Adidas to Chinese, as well as German and U.S. investigations; U.S. convertible bond market is used to raise funds by Chinese big tech amid IPO restrictions; and EU tariffs may lead to localization of Chinese EV production.
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Credit: Robert/Adobe
Whistleblowers Allege Senior Executives in Adidas Corruption
Sportswear giant Adidas has received a letter flagging potential compliance violations in China, according to Wall Street Journal. The letter, which the company received on