Zoom exec is a CCP spy and Zoom is too close to the CCP
December 20, 2020
– Big wide open door to the C.C.P.? – Mick Raven
Aug 3 2020
IPO and onward
On April 18, 2019, the company became a public company via an initial public offering.
After pricing at US$36 per share, the share price increased over 72% on the first day of trading.
The company was valued at US$16 billion by the end of its first day of trading.
– Strange that Zoom should be so popular prior to the pandemic a few months later mmm – Mick Raven
Scrutiny on China ties
Zoom is one the companies that has come under fire for its ties to China.
The company admitted earlier this year that it had mistakenly routed some meetings through servers in China.
In June, the company shut down the account of an activist who was holding an event on the video conferencing platform
to commemorate China’s Tiananmen Square crackdown — a politically sensitive topic for the central government.
Following the incident, Zoom said it would not allow requests from the Chinese government to impact anyone outside of mainland China.
Zoom is a U.S.-founded company and its founder Eric Yuan is a Chinese immigrant who is now an American citizen.
However, the company’s development team is “largely” based in China, according to Zoom’s regulatory filing from earlier this year.
– C.C.P. listening to you on Zoom? – Mick Raven
In April 2020, Citizen Lab warned that having much of Zoom’s research and development in China could “open up Zoom to pressure from Chinese authorities.”
In June 2020, Zoom was criticized for closing multiple accounts of U.S. and Hong Kong–based groups,
including that of Zhou Fengsuo and two other human rights activists, who were commemorating the 1989 Tiananmen Square protests
– Seems they (C.C.P.) were listening after all – Mick Raven
In 2019, Zoom became a public company via an initial public offering, at which time Yuan became a billionaire.
His wealth has increased during COVID-19 pandemic, as Zoom has benefited from the shift to online work and teaching.
On September 1, 2020, Yuan’s net worth was estimated to be US$16.4 billion, a figure 360% higher than his net worth at the beginning of the year.
Top Zoom Shareholders
Apr 6, 2021
Bin Yuan and Cathy Wang
Bin Yuan and Cathy Wang have shared voting and dispositive power over 22,587,156 shares of Class A Common Stock
held in trusts for which they serve as co trustees, representing 9.6% of the shares of Class A of Common Stock,
according to a 13-G form filed on March 3, 2021. Each of them also personally owns 1,000 shares over which they have total control.
Yuan is an immediate family member of Zoom founder Eric Yuan.
Linked companies : No connection available
Bin Yuan Capital is an asset management company specialized in investing in Chinese public listed equities.