National Pulse reported on May 19 that a venture capital firm funded by the late NBA star Kobe Bryant has invested in several companies with ties to the Chinese Communist Party, including those labeled by the U.S. State Department as “tools” of the Chinese government.
The firm, called Bryant Stibel Fund, has been operating since 2013 with $100 million in capital from NBA superstar Bryant. Among the companies in which the Bryant Stibel Fund has invested are those with ties to the Chinese Communist Party, Alibaba, Beijing Dami Technology Co Ltd (VIPKid) and Full Truck Alliance.
Since 2016, Bryant Stiebel, along with Tencent, a Chinese Communist Party technology company, has invested in the online learning platform Beijing Dami Technology Co. However, this Dami Technology Co. has been described by the Bureau of International Security and The State Department’s Bureau of International Security and Nonproliferation has described the company as a “tool of the Chinese Communist government. The State Department agency noted that the online learning platform Beijing Dami Technology Co. is “incapable of saying ‘no’ to the CCP” and that Tencent provides the CCP with “a technological foundation for surveillance and social control” so that the CCP government can “shape the world according to its authoritarian model.
The online learning platform has been criticized for influencing school curricula by removing teachers who teach about Taiwan and Hong Kong’s independence and putting teachers who accurately describe the brutal Tiananmen Square massacre out of work, in cooperation with the Chinese Communist Party’s official media, including the China Daily.
Ltd. has also expanded its reach into education in the United States, where the company has “donated” its services to several public school districts.
The Bryant Stiebel Fund has also invested in China-based technology and e-commerce giant Alibaba, along with China Investment Corporation, a Communist sovereign fund led by current and former senior officials, and a key player in the Communist Party’s quest to surpass the United States in the technology sector. key.
Bryant Stiebel Fund, a company with ties to the NBA, has also invested in the Communist Party’s Man Gang Group, “China’s leading online commercial freight platform in the full-truck transportation sector. The Man Gang Group’s investors include China Reform Fund Management, a private equity firm operating under the control of the Chinese Communist Party.
As described in the official Chinese media China Daily, China Reform Fund Management’s holding company is “a wholly state-owned company approved by the State Council and a state-authorized investment institution. One of its main objectives is to “support the central government’s technological innovation and industrial upgrading.
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