The Trudeau Foundation has investments in Chinese companies Baidu and Tencent, a former board member told MPs on a parliamentary committee. Both companies have been subjects of security warnings. The Trudeau Foundation was created with a $125 million endowment from the federal government in 2001 in memory of former prime minister Pierre Elliot Trudeau, to…
Trudeau Foundation Has Investments in Chinese Companies Flagged for Security Risks, Says Former Board Member
Canada Pension Plan Acknowledges Risk of ‘Dual Use’ Technology in China’s Tencent, but Maintains Investment
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…
WeChat: The CCP’s Ultimate Tool to Control Chinese Americans
March 27, 2023
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CCP censorshipcensorshipChinaChina Human RightsChinese AmericansChinese communist party censorshipChinese diasporaGlobal ExpansionGrassroots ResistancePropaganda and Censorship Exposedsocial controlSpecial TopicsTencentThreat from Communist ChinaUS-China relationsWeChat
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While the world is awakening to the threat of TikTok, WeChat is another Chinese social media platform that is infiltrating and monitoring a huge population of Chinese people overseas. Lydia Liu is a Chinese American who found herself becoming a victim of the Chinese Communist Party’s (CCP) censorship through WeChat, a Chinese-owned social media video-sharing…
Wave of Employee Turnover Hits China’s IT Industry
February 3, 2023
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Asia & PacificBytedanceChinaChina Business & EconomyChinese RegimeGlobal Expansionnational intelligence lawsocial controlSpecial TopicsTechTech NewsTencentThreat from Communist ChinaTikTokTurnoverUS-China relationsWorld
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China’s IT industry has seen a wave of resignations and layoffs since last year, affecting the Chinese communist regime’s online censorship. Former employees believe political reasons and economic factors are behind the wave of employee turnover. Liu Jiang (pseudonym), a former employee of ByteDance, which is the parent company of TikTok, told The Epoch Times…
Investors Worldwide Further Reduce Stakes in Chinese Tech Firms, Some Shift Investment to Taiwan
December 26, 2022
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AlibabaBerkshire HathawayBusiness & MarketsBYDChinaChina Business & EconomyCompaniesFoxconnInflation Reduction ActInvestmentSoftbankTaiwantariff evasionTencentTsinghua UnigroupTSMCWarren Buffet
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New Analysis Amid a grim outlook of the Chinese economy, particularly its technology sector, foreign investors have been cashing out their gains on Chinese stocks, fearing their values might plummet further. Meanwhile, some investors have turned their attention to Taiwanese tech firms. Berkshire Hathaway, Warren Buffett’s investment firm, has reduced its holdings of BYD, a…
TSMC Surpasses Tencent as Highest Value Company in Asia, as Top Chinese Firms Drop From Global 500 Ranking
December 19, 2022
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AlibabaApple IncBusiness & MarketsChinaChina Business & EconomyeconomyFoxconnHurunHurun listInternationalInvestmentmarket capMarketsMediaTekstocksTaiwanTaiwanese companiesTencentTSMCvaluationWorld
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Top Chinese companies have tumbled in market cap, with 12 firms dropping out of the 2022 Hurun Global 500, a list of the 500 most-valued, non-state-owned firms in the world. According to the 2022 report released by the Shanghai-based Hurun Research Institute on Dec. 9, the United States leads the world with a total of 260…
Tencent Co-founder’s Yidan Prize Honors California Education Board President With $3.9 Million
October 10, 2022
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California Board of EducationChinese Community PartyEducation & Family NewsLocal NewsNorthern CaliforniaRegional NewsRegional-Local NewsSouthern CaliforniaTencentUSYidan Prize
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California Board of Education President Linda Darling-Hammond, who is involved in research that aids the development of local and federal education policy, has been awarded $3.9 million as the winner of Yidan Prize—the largest education prize in the world—founded by a Chinese billionaire. This year’s recipients were announced Sep. 28 during a Stanford Graduate School…
Chinese Tech Giants Tencent and Alibaba Saw Profits Plunge in 2nd Quarter
News Analysis Declining revenues and mass layoffs at Tencent and Alibaba could mark the end of the “golden age” for China’s internet industry. The companies’ profits plunged in the second quarter of 2022, mainly caused by the decoupling of the U.S. and Chinese economies and by the market restrictions imposed by the Chinese Communist Party (CCP)….
Young Manager Leaves China, Citing Ubiquitous Digital Surveillance
Eileen, a high-level manager in a Chinese internet company, decided to leave China after experiencing years of police harassment because her ID labeled her as “a member of the heretical religions.” After arriving in the United States in August, she told the Chinese language edition of The Epoch Times that she became the subject of…
Tech Manager Leaves China, Citing Ubiquitous Digital Surveillance
Eileen, a high-level manager in a Chinese internet company, decided to leave China after experiencing years of police harassment because her ID labeled her as “a member of the heretical religions.” After arriving in the United States in August, she told the Chinese language edition of The Epoch Times that she became the subject of…
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