Chinese Officials Probe iPhone Maker Foxconn, Global Times Says
- Tax audits are occurring, land use under review: Global Times
- Foxconn’s founder launched a presidential campaign in August
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Key iPhone assembler Hon Hai Precision Industry Co. said it will collaborate with Chinese authorities on unspecified probes, following a report that officials are conducting tax audits and reviewing land use by parent Foxconn Technology Group Co.
Tax authorities are conducting checks on Foxconn subsidiaries in Guangdong and Jiangsu provinces, the state-run Global Times said Sunday, citing unidentified people with knowledge of the matter. The report also said natural resources officials are looking into the company’s use of land in Henan and Hubei provinces.