SHANGHAI—Chinese authorities are investigating FedEx Corp. over allegations it damaged the interest of customers, state media reported, in the first action against a U.S. company amid U.S.-China heightening tensions over trade and technology. In brief reports Saturday, state media cited unspecified national agencies as conducting the investigation. The reports alleged that Fedex had “not made deliveries according to the name and address” of the intended recipients in China and that harmed the Chinese customers.

Source: Wall Street Journal June 01, 2019 15:59 UTC