Caixin China Biz Roundup: UMC Pleads Guilty to Stealing Trade Secrets from U.S. Company

In today’s episode: As part of a plea deal, Taiwanese contract chipmaker UMC will pay a $60 million fine; Hangzhou could become China’s first city to introduce a ban on facial recognition in residential areas; and how Hong Kong-owned companies operating in the Greater Bay area may be able to choose the jurisdiction they resolve disputes in