A Chinese national was arrested in the US last week for allegedly stealing intellectual property from a US petroleum company where he was employed. Hongjin Tan, 35, is charged with pilfering some $1 billion in trade secrets on behalf of a Chinese petroleum firm where he was offered a new job.

The stolen data was for the manufacture of a "research and development downstream energy market product," according to a US Department of Justice criminal complaint filed in the case. According to the complaint, Tan downloaded hundreds of data files from the US petroleum company in the alleged theft.

"The theft of intellectual property harms American companies and American workers. As our recent cases show, all too often these thefts involve the Chinese government or Chinese companies. The Department recently launched an initiative to protect our economy from such illegal practices emanating from China, and we continue to make this a top priority," said US Assistant Attorney General for National Security John C. Demers in a statement. 

US government officials last week also indicted two members of a Chinese nation-state hacking team known as APT10.

Read more details here.