Biden Bans Investment In Chinese Tech Firms Hunter Profited From.


The White House is set to blacklist several Chinese Communist Party-linked tech firms including those counting backing from investment funds linked to Hunter Biden.

Adding to the 60 Chinese groups already on the “Chinese military-industrial complex companies” investment blacklist, among the eight companies added by President Joe Biden include Megvii. The technology firm’s facial recognition software has been linked to the Chinese Communist Party’s mass surveillance operations of Uyghurs in Xinjiang as reported by the Financial Times and, more broadly, the regime’s social credit score system.

The company’s deep ties to Beijing come amidst massive investment from BHR Partners – a private equity firm where Hunter Biden served as a director beginning in 2013.

The newfound designation, which bars American investors from taking financial stakes in the companies, follows a Trump-era decision by the Department of Commerce that placed the firms singled out by Biden on its “entity list.” This designation restricted American companies from exporting technology or products to specific Chinese companies without obtaining a special government license.

Also included in the Biden blacklist is the controversial Chinese drone manufacturer DJI.

Since 2017, China-based DJI has been identified by the Department of Homeland Security as “selectively targeting government and privately owned entities within these sectors to expand its ability to collect and exploit sensitive U.S. data.” These fears prompted the U.S. Department of Interior to ground its entire fleet of DJI drones, “citing increasing concerns about the national security risk from Chinese manufacturers.”

The Department of Defense and U.S. Army have also followed suit.

The National Pulse has revealed the Biden White House’s hiring of consultants who previously worked for a firm lobbying on behalf of the drone company, which has seen purchases from the Biden White House as recently as July.

As Axios notes, the Secret Service bought eight DJI drones on July 26th, and the Federal Bureau of Investigation (FBI) purchased 19 drones a few days earlier.

Natalie Winters

Natalie Winters is freelance reporter.

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