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Transcripts For BBCNEWS Asia 20240703

Chinese government which it is why it has so many facilities on the chinese mainland and what we know about what it is being investigated for . There were few details in the article, but we know its something to do with taxes, land use and potentially breaking laws and regulations. Any indication of why this is happening now . Any indication of why this is happening now . There is no details on happening now . There is no details on what happening now . There is no details on what prompted i happening now . There is no | details on what prompted the investigation but its a sensitive time for taiwan. We are two and a half months away from a president ial election and taiwan is a self governing territory but china claims as its own. The other interesting thing is that foxconn s Billionaire Founder is running in the president ial election and that might be a coincidence its happening at the same time. It is largely seen as being pro china and pro business, something he has pushed back on

State mediaSuranjana tewariChinese state mediaLand useBillionaire founderStock marketCampaign trailTech earningsKatie silverTech companiesLay offsOn tuesdayActivision blizzardKandy krush0 billion30 billion

Transcripts For BBCNEWS Asia 20240703

Hello and welcome to Asia Business report. Im arunoday mukharji. Electronics giant foxconn is under investigation in china. Authorities are carrying out on Site Investigations in multiple locations the Company Operates in, according to Chinese State media. Business reporter Suranjana Tewari is here with the details. Give us a sense of what we know moment. Chinese state at the moment. Chinese state media say that foxconn is under investigation within china at some of its subsidiaries. Its some of its subsidiaries. Its not clear some of its subsidiaries. Its not clear as some of its subsidiaries. Its not clear as the some of its subsidiaries. It s not clear as the global times did not specify what it is under investigation for but it did allude to something related to taxes, to land use and the breaking of some sort of law and regulation. Foxconn is an Electronics Giant and makes apple iphones for the global market. It is a Taiwanese Company but has had good relations with the Chinese Go

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Transcripts For BBCNEWS Asia 20240703

Is a Taiwanese Company has got good relations with the Chinese Government which is why it has so many factories on the mainland. Foxconn says it will cooperate with authorities and respond to whatever it is asked. ~. , respond to whatever it is asked. ~. Respond to whatever it is asked. ,. , asked. What you make of the timin asked. What you make of the timing of asked. What you make of the timing of the asked. What you make of the timing of the developments . J timing of the developments . Its not clear why its happening now. What we do know is its a sensitive time for taiwan. Two and a half months from a president ial election which will be of interest to china. China claims taiwan as its own, although it is a self governed territory. The other interesting thing is that the former foxconn ceo and Chief Executive and founder recently cut ties with the company so he could run in and theres no indication it might be a coincidence and at an interesting time for them to be investigated in

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