Hedge Fund Manager Warns About Beijing ‘Looting’ Tencent

Canadian pension investments in China face new risk from rising socialism

People visit Tencent's booth at the World 5G Exhibition in Beijing on Nov. 22, 2019. The Chinese internet giant is complying with Chinese leader Xi Jinping’s edict to redistribute the wealth in China. (Jason Lee/File Photo/Reuters)
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A hedge fund manager is sounding the alarm to investors about the Beijing regime’s appropriation of profits from Chinese internet giant Tencent, a significant holding of the Canada Pension Plan Investment Board (CPPIB). “China’s government is LOOTING TENCENT SHAREHOLDERS. In what is likely to amount to well over 50 percent of their profits, the government is forcing over [US]$15 billion to go to ‘common prosperity’ to achieve the CCP’s [Chines
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