Education

UPenn Raked In Millions From Chinese Donors Linked To Hunter Biden’s Business Dealings: REPORT

(Photo by Bruce Bennett/Getty Images)

Daily Caller News Foundation logo
Philip Lenczycki Investigative Reporter
Font Size:

The University of Pennsylvania received millions of dollars from Chinese donors with ties to Hunter Biden, Fox News reported Tuesday.

Chinese donors connected with either the China Entrepreneur Club or China Molybdenum — both of which had business dealings with Hunter Biden — collectively donated over $7 million to UPenn between 2018 and 2020, Fox News reported based on UPenn foreign gift reporting records obtained by Americans for Public Trust. The large donations raise red flags following a recent House Oversight Committee memorandum alleging that Hunter Biden’s businesses have been involved in “influence peddling” schemes with Chinese partners, coupled with the fact that UPenn is home to President Joe Biden’s think tank, the Penn Biden Center for Diplomacy and Global Engagement. (RELATED: CCP-Controlled, State-Owned Firm Behind Chinese Cash Allegedly Funneled To Hunter Biden, Documents Show)

Between 2018 and 2020, UPenn received over $6 million from Chinese sources connected to the China Entrepreneur Club, a nonprofit composed of over 20 Chinese entrepreneurs, according to UPenn’s foreign gift records.

In 2011, Hunter Biden’s business partner at Burisma Holdings, Devon Archer, facilitated a meeting between the China Entrepreneur Club and then-vice president Biden, according to Breitbart.

At the time, Ma Weihua, was a member of the China Entrepreneur Club as well as China Merchants Bank’s CEO, which subsequently donated over $5.5 million to UPenn in 2018 and 2019, according to UPenn’s foreign gift records.

Another member of the China Entrepreneur Club also donated to UPenn after the Penn Biden Center was established, Fox reported.

In 2019, Deng Feng, managing director of Northern Light Venture Capital, donated $630,000 to UPenn, according to university records.

Chinese sources donated $105 million to UPenn between 2018 and 2022, and approximately $75 million to the university during Biden’s presidential campaign, Fox reported.

In addition to sources tied to the China Entrepreneur Club, between 2019 and 2020, UPenn also received over $1 million from individuals connected with China Molybdenum, which is today called CMOC Group Limited, Fox reported.

In 2016, Bohai Harvest RTS (Shanghai) Equity Investment Fund Management Company (BHR), where Hunter Biden was a board member, assisted China Molybdenum in purchasing an American cobalt mine in the Democratic Republic of the Congo for $3.8 billion, Daily Mail reported.

Three years later, according to UPenn records, the university received a $1 million donation from Cathay Fortune in 2019, which then had a controlling interest in China Molybdenum, according to Fox.

Likewise, in 2020, CMOC Group board member Gerry Wang donated $100,000 to UPenn, according to university records.

However, Stephen MacCarthy, UPenn vice president for university communications, claimed that “no funds were directed to the Penn Biden Center” and that the university “reported all foreign contributions as required,” according to Fox.

UPenn paid Biden over $775,000 between 2017 and 2018, according to Philadelphia magazine.

[Screenshot/YouTube/Penn Biden Center for Diplomacy and Global Engagement]

[Screenshot/YouTube/Penn Biden Center for Diplomacy and Global Engagement]

Chinese sources with CCP ties have also allegedly donated to UPenn, Fox reported.

These individuals allegedly include Ma Jianrong, a CCP member who is CEO of Shenzhou International, as well as Wu Xueliang, a Chinese government official, according to Fox. Additionally, several other individuals with various alleged Communist Party links have also made donations to UPenn, including real estate mogul Chu Mang Yee; former co-CEO of Meituan-Dianping, Zhang Tao; and the founder of WuXi AppTec, Ge Li, according to Fox.

UPenn and the White House did not respond immediately to the Daily Caller News Foundation’s request for comment.

Hunter Biden could not be reached for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Philip Lenczycki

Daily Caller News Foundation investigative reporter, political journalist, and China watcher. Twitter: @LenczyckiPhilip

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel