Categories: ElitesExposing

Exposing the Red Elites Behind ‘Chinese Uber’ Didi (Part 2)

Editor’s note: This article is part two of a three-part series. Part 1 looks at Beijing’s crackdown on Didi and introduces the company’s ties to the Chinese military and state-owned businesses. 

The front operation behind Didi Global Inc.’s monopoly is the family of Liu Chuanzhi, the founder of Lenovo Group, who has strong ties with the elite and secretive Taishan Society and the Chinese military. Didi’s president is Liu Qing, the daughter of Liu Chuanzhi.

A post on Chinese blogging platform zhuanlan.zhihu.com claims that the Liu family monopolized Didi and other ride-hailing services in China, including Shenzhou Car on Demand (Shenzhou Zhuanche) and Shenzhou Car Rental (Shenzhou Zuche).

On Dec. 18, 2019, Liu Chuanzhi, who is also chairman of Legend Holdings, officially retired at age 75.

Liu graduated from China’s Military Academy of Telecommunications Engineering (now known as Xi’an University of Electronic Science and Technology). He rose to prominence when Jiang Zemin was head of the CCP. Liu established himself as China’s “Godfather of IT” by serving as president of the Taishan Association and as chairman of the China Entrepreneur Club (CEC).

Lenovo Group was founded in 1984 by a group of 11 scientists, including Liu Chuanzhi, as an investment by the Institute of Computing Technology of the Chinese Academy of Sciences (CAS).

Lenovo was listed on the Hong Kong Stock Exchange in 1994. Since 1996, Lenovo has been the top computer seller in China; and in 2013, became the world’s largest PC manufacturer.

Lenovo Group Backed by Chinese Military

In 1998, Lenovo Group became the major shareholder of Kingsoft. The president of Kingsoft at that time was Lei Jun, who is also the chairman and CEO of Xiaomi Technology Co.

In February, The Epoch Times reported that Kingsoft was established at the request of the Chinese regime’s Commission for Science, Technology, and Industry for National Defense (COSTIND).

On Jan. 14, Xiaomi was blacklisted by the U.S. Department of Defense over its ties with the Chinese military company.

“CAS founded and is still a parent of Lenovo; CAS owns 35 percent of Legend Holdings (an asset management arm of CAS), which has a 31 percent ownership stake in Lenovo. The Chinese government remains the largest shareholder of Lenovo,” wrote James Marks on Sept. 12, 2019, in The Bulwark.

Marks is a retired U.S. Army major general who worked in the intelligence service for several years. “The Chinese Academy of Sciences (CAS) serves as a case study for how a state-controlled institution uses its resources to meet the objectives of the Communist government,” he said.

However, CAS is more than a research organization or academic institution. According to the congressional U.S.-China Economic and Security Review Commission, it also has “connections to the Chinese military, nuclear, and cyberespionage programs,” wrote Marks.

“Of all of CAS’s ventures, Lenovo remains its greatest success. … In the United States, no manufacturer’s sales have grown more quickly than Lenovo’s. The company boasts of serving over 900 U.S. state and local government agencies.” Marks added

Read More

News Bot

Share
Published by
News Bot

Recent Posts

Jack Dorsey’s Square Buys Australian Fintech Company Afterpay for $29 Billion

Afterpay’s ”buy now, pay later“ model became popular among users during the pandemic Financial tech…

48 mins ago

Anna Gross, Film Exec Behind ‘The Neverending Story,’ Dies at 68

Gross also worked on Oscar winners like ”Tootsie,“ ”Out of Africa“ and ”Life Is Beautiful“…

48 mins ago

Iron Man ‘Could Be Played by Almost Anyone’? Marvel and Robert Downey Jr. Fans Revolt

Even Marvel director James Gunn calls the U.K.-based Sunday Times’ suggestion ”bulls—“ Would the “Iron…

48 mins ago

Kevin McCarthy: It Will Be ‘Hard Not to Hit’ Nancy Pelosi With Gavel if I Become House Speaker

House GOP leader made the joke at a Republican fundraiser in Tennessee Getty House Minority…

48 mins ago

Murdochs’ Sky News Australia Suspended From YouTube Over COVID-19 Misinformation

One-week suspension comes as News Corp Australia faces internal and external pressure over COVID-19 coverage…

48 mins ago

Ariana Grande Heads to ‘Fortnite’ for ‘Rift Tour’ Virtual Event

The Rift Tour will feature experiences that pair Grande's music with elements from Fortnite.As an…

48 mins ago