The Canada Pension Plan Investment Board (CPPIB) says it is monitoring China’s Tencent, in which the board has invested over $1 billion, for possible use of “dual use” technologies.  Security experts have warned that Tencent’s social media app, WeChat, widely used in China and by diaspora, is under surveillance by the Chinese Communist Party.
Michel Leduc, senior managing director and global head of public affairs at CCPIB, told a House of Commons committee on May 8 that the Crown corporation still maintains investments in Tencent after being questioned about it by Liberate MP Jean Yip.
“We recognize that the organization has evolved and changed, and the issues associated with their operations. One example might be dual use technologies—they were built for a particular intention, and then over time, they may be used for intentions that were not contemplated at the time. So it is something that we’re seized with and monitoring very, very closely,” he said while testifying at the Commons Committee on Canada-People’s Republic of China Relationship (CACN)….