Canada’s pension board is investing billions of dollars in a Chinese company whose social media platform was the subject of a warning by security officials to parliamentarians and is used by Beijing to censor and clamp down on dissidents.
The Canada Pension Plan Investment Board (CPPIB) has invested over $3 billion in Tencent, which owns the popular Chinese social media platform WeChat, among many other holdings. The investment is part of the board’s plan to ramp up allocations in China to 20 percent of the fund’s assets by 2025.
