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submitted 11 months ago by yogthos@lemmygrad.ml to c/genzedong@lemmygrad.ml

To manage the fund, Yahoo partnered with Harry Wu—a noted Chinese dissident turned powerful anti-China activist—and his nonprofit, the Laogai Research Foundation. But Wu grossly mismanaged YHRF, spending less than $650,000—or 4%—of the fund’s total $17.3 million on support for online dissidents, according to the current lawsuit. One year, YHRF allegedly spent $0 on what was meant to be its primary purpose. (Some defendants contest these calculations.)

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[-] ComradeSalad@lemmygrad.ml 1 points 11 months ago

Not really in all honesty, China needs a financial capital for the time being, and Shanghai has worked perfectly for that. Little changed has happened there, and it is a major international hub, so the influence persists.

Hopefully in the near future.

this post was submitted on 12 Dec 2023
70 points (93.8% liked)

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