The CEO of a Chinese venture capital firm that quietly bought up a U.S. education company holding a Pentagon contract has long-standing connections to multiple Chinese Communist Party (CCP) influence units, the Daily Caller News Foundation has learned.
Primavera Capital, a Hong Kong-based venture capital firm, was an early investor in TikTok’s Chinese parent company, ByteDance, and owns Princeton Review and Tutor.com. However, a review of the firm’s Chinese-language website found that CEO and founder Fred Hu has extensive ties to the Chinese government and belonged to organizations that the U.S. government has identified as part of the CCP’s “United Front” system.
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