Investment Firm Backed By Top American Universities Partners With ‘Socialist’ China-Backed Fund

Contact Your Elected Officials
The National Pulse

Hillhouse Capital – a private equity firm funded by America’s top universities and is invested in companies including Zoom and Apple – struck a $1.5 billion deal with a Chinese Communist Party-owned investment fund.

Hillhouse Capital partnered with the “wholly state-owned” Hangzhou Capitol on a billion-dollar fund “to invest in sectors including artificial intelligence, semiconductors, and new energy vehicles,” according to Chinese state-run media outlet China Global Television Network (CGTN).

Hillhouse Capital, which was funded with $20 million in seed capital from the Yale University Endowment, is reported to be backed by America’s most prestigious universities. Following a Stanford University investment of $200 million in 2015, the fund was “investing money for at least six of the 10 wealthiest universities in the U.S.,” including Princeton and the Massachusetts Institute of Technology.

The Canada Pension Plan Investment Board (CPPIB) has also invested nearly $1 billion with the Beijing-based fund.

These investments are now being used, however, to contribute to the growth of the Chinese Communist Party.

A press release from Hangzhou Capital – which pledges to be “guided by Xi Jinping’s thoughts on socialism with Chinese characteristics in the new era” – reveals that its partnership with Hillhouse Capital is part of a broader Chinese regime-backed effort to turn the city into a “leading and exemplary benchmark for national advancement.”

“The implementation of the “National Digital Economy First City” strategy focuses on value investment to empower outstanding enterprise development, optimizes industrial layout and accelerates the cultivation of new kinetic energy, and creates new impetus for Hangzhou to become a model city ​​for high-quality development and construction of a common prosperity demonstration zone in Zhejiang Province,” the group adds. 

Hillhouse Capital’s partnership with a Chinese state-owned enterprise also calls into question its sizable investments in companies such as Zoom, Uber, Apple, TikTok parent company ByteDance.

Article Seven of China’s National Intelligence law stipulates that “any organization or citizen shall support, assist, and cooperate with state intelligence work according to law.”

By Natalie Winters

Read Original Article on TheNationalPulse.com

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

MyPillow’s CEO Mike Lindell Wins 2 Court Cases

A federal court tossed the $5M ruling against Mike Lindell, saying arbitrators rewrote the rules of his 2021 Cyber Symposium challenge.

What’s The Most Realistic Scenario In Which The West Might Replace Zelensky?

Yermak and Budanov agreed with the Anglo-American Axis’ proposal to replace Zelensky with Zaluzhny and “reset” Ukraine’s ties with the West.

Earned vs. Owed

Not since the Donner Party has a group of people so badly misinterpreted the circumstances of their situation like the players of the WNBA.

Just How American are America’s Elite Schools?

Their exteriors may be ivy clad, but that façade on America’s elite universities cloaks secrecy, power politics and globalist attitudes as well.

Multiple Democrats Playing Defense

There is a news situation going on that is...

Boeing Featured in Nearly All US Trade Deals—Here’s Why

The skies are clearing for Boeing these days as it emerges as the clear winner of trade deals during the tariff negotiations between the US and its trading partners,

NASA, SpaceX Launch Crew-11 to Space Station

SpaceX’s Falcon 9 rocket took off on Aug. 1, as the 11th act of the NASA commercial crew program set off for the International Space Station.

US Economy Adds 73,000 New Jobs in July, Fewer Than Market Estimates

U.S. economy added smaller-than-expected number of new jobs last month as labor market cools. Fed. govt. jobs fell by 12,000 and, down by 84,000 this year.

Declassified Durham Report Annex Sheds New Light on Origins of Russia Probe: Grassley

Sen. Grassley released declassified annex to John Durham’s 2023 report into FBI’s investigation into allegations of Trump campaign–Russia ties.

Trump Orders Firing of Labor Statistics Chief After July Jobs Report

President Donald Trump announced on Aug. 1 that he has directed the termination of the commissioner of the Bureau of Labor Statistics (BLS).

Bessent Says Trump Accounts for Kids Are Backdoor ‘For Privatizing Social Security’

Treasury Sec Scott Bessent said Trump Accounts are “a back door for privatizing Social Security,” but the admin is committed to protecting Social Security.

White House to Build Ballroom to Host Larger Events

The White House will be constructing a $200 million ballroom to accommodate people for larger events paid for by President Trump and other donors.

Trump Says Canada’s Backing of Palestinian Statehood Threatens US Trade Deal

President Trump said it would be “very hard” to reach a trade agreement with Canada after PM Carney announced plans to recognize a Palestinian state.
spot_img

Related Articles