$620 million in the U.S., assisted by Silver Lake, Tiger Global and other U.S. investment firms. The company was added to the Commerce Department’s Entity List in 2019 because it provides surveillance technology to the Chinese government that is being used in Xinjiang. According to the, Silver Lake and a number of other U.S. firms have retained their investments in Sense Time and other Chinese firms that are on the Entity List.
A lot of the money that Silver Lake and other American investment firms provide to Chinese companies comes from U.S. university and foundation endowments and public pension funds. In fact,that are actively collaborating with the Chinese government’s surveillance efforts in Xinjiang. Going forward, Congress needs to review the Entity List law, which currently prohibits U.S. firms from buying products from these companies, but oddly does not prevent investments in them. Until the law is changed, every U.S. investment company should examine their holdings and reassess any investments in firms that facilitate China’s Orwellian surveillance program in Xinjiang.
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