Pierre Elliott Trudeau Foundation chair Edward Johnson says he was unaware that the organization invested some of its $125 million initial endowment from the federal government into Chinese companies. On June 8, Johnson told MPs on the House of Commons Standing Committee on Public Accounts that the foundation “arranged a special meeting” two years ago to discuss…
China’s Purchase of Gaming Designing Companies Could Pose National Security Risks to US: Expert
China could pose a national security risk to the United States with its escalating purchase of gaming designing companies, warns Anders Corr, publisher of the Journal of Political Risk. Tencent Holdings Ltd. and NetEase Inc., both Chinese mega-tech companies, have expanded their gaming studios in the United States, Canada, Japan, and France. Last year, NetEase…
Gamers Beware: The CCP Is Coming for You
Commentary Tencent Holdings and NetEase Inc.—both Chinese mega-tech companies deeply involved in gaming design and distribution—were hit hard over the last year and a half. Arbitrary rule in Beijing, decoupling, and a downturn in tech stocks walloped them, along with other Chinese companies that lost trillions of dollars from market selloffs. But now big China…
HK Billionaires Are Fleeing and Those in China Have Had Their Wealth Slashed by Tens of Billions of Dollars
Following the 20th National Congress of the Communist Party, Chinese stocks immediately witnessed a round of plummeting in value. Together with this deep drop in stock prices is a similar depletion of the wealth of China’s richest. According to statistics, the wealth of China’s richest people was slashed by a staggering US$35 billion in one…
Fauci Invested in Chinese Companies With Ties to Beijing, According to Financial Disclosures
Dr. Anthony Fauci invested in the Chinese regime’s corporate “national champions,” large Chinese companies that advance Beijing’s interests and benefit from state policies, in a 2020 investment portfolio, according to recently disclosed financial records. Sen. Roger Marshall (R-Kan.) obtained the records (pdf) and published them on Jan. 14, which showed that Fauci had $10.4 million in investments,…
Fauci Invested in Chinese Companies With Ties to Beijing Through Fund, According to Financial Disclosures
Dr. Anthony Fauci invested in the Chinese regime’s corporate “national champions,” large Chinese companies that advance Beijing’s interests and benefit from state policies, in a 2020 investment portfolio, according to recently disclosed financial records. Sen. Roger Marshall (R-Kan.) obtained the records (pdf) and published them on Jan. 14, which showed that Fauci had $10.4 million in investments,…
Reddit ‘Confidentially’ Files for IPO
Reddit, which showed the world the power wielded by retail investors when grouped together on social media, said that it has filed for an initial public offering, in a year that has seen major tech stocks fare extremely well. “Reddit, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1…
With 275 Party Branches, Internet Giant Tencent Works With CCP Internet Inspectors
Chinese internet giant Tencent, one of the world’s top 10 companies by market capitalization, has fully integrated itself with the Chinese Communist Party (CCP) by establishing 275 Party branches within it and cooperating with the Cyberspace Administration of China (CAC). Tencent, along with Chinese technology giant Alibaba, are among the top 10 companies with the…
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