Baidu among 80 plus companies found faking corporate information

The Chinese government has censured search giant Baidu and more than 80 other companies for providing it with false or misleading information about their business activities.

The Ministry of Industry and Information Technology (MIIT) found in an investigation that 85 of the 1,374 enterprises scrutinized reported erroneous information in documents including their corporate annual findings. The investigation also included checks to see whether the companies followed industry-related rules.

Rule breakers will be included in a government database of companies that have conducted illegal activities, which may limit their access to new business licenses, the MIIT said in a statement.

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