The founders of Global IP, a startup aiming to use satellites to improve internet access in Africa, say the company’s state-owned Chinese financial backers seized control of the company in violation of U.S. technology export controls.
The Wall Street Journal took a deep dive into how China Orient Asset Management, which is owned by the Chinese government, funneled cash into the Los Angeles-based company, raising the risk that military-grade technology could find its way back into China.
The satellite is being built by Boeing and is scheduled to be launched into orbit on a SpaceX rocket.
The story contributes to the growing sense of a technology cold war between China and the U.S. Adding to the tension is the arrest of the CFO of Huawei, who is also the daughter of the Chinese telecom equipment giant’s founder, just as the U.S. and China are engaged in high-stakes trade talks.