Chinese Communist Party-linked companies and investment funds are listed amongst the financiers of Elon Musk’s bid to purchase Twitter, a new Securities and Exchange Commission document reveals.
The revelation comes from a May 4th amendment filed by Musk which shows over one dozen equity investors – either people or companies funding his purchase in exchange for a share of ownership – in Twitter.
“Each Equity Investor listed in the following table has committed to contribute to Parent […] cash in the amount set forth opposite such Equity Investor’s name in the following table in order to fund a portion of the Merger Consideration contemplated by the Merger Agreement,” explains the document before revealing the following investors: Equity Investors. Among the companies providing billions in investment is the Chinese Communist Party-linked cryptocurrency exchange platform Binance, whose aggregate equity commitment totals $500,000,000.
Founded by Changpeng Zhao, a Chinese-Canadian business executive, Binance retains partnerships with Chinese state-owned entities, as revealed in a 2020 press release :
Binance China Blockchain Institute, the research institute part of the world’s leading blockchain and cryptocurrency infrastructure provider Binance, today announced a strategic partnership with Zhongshang Beidou Supply Chain Management Group (Zhongshang Beidou), a state-level model enterprise for supply chain innovation […]
We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
We need help. I don’t want to say “desperately,” but the need is definitely great. If you have the means, please donate through our GivingFuel page, PayPal, or our brand new GiveSendGo page. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!