Caixin China Biz Roundup: Corruption Scandal of Record Bribery and 100 Mistresses Shocks the Nation

In today's episode: state-owned bad bank chief accused of taking more bribes; than anyone else in the country; France’s privacy watchdog has launched an investigation into Tiktok; and Chinese mainland firms outnumber U.S. in Fortune 500 global companies list, but lag in profitability