Li Pak-tam
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Li Pak-tam
Li Pak-tam, also known as Li Botan, is a Chinese businessman and socialite. He is one of the three primary backers of the American electric car startup Canoo which was spun off from Faraday Future. Family and personal life He is married to Jia Qiang. This makes him the son-in-law of Jia Qinglin a top Chinese Communist Party official who was the fourth most powerful man in China before his retirement in 2013. Li has a daughter named Jasmine Li (Li Zidan). Both Li Pak-tam and Jasmine Li hold Hong Kong residence cards. Career Li Pak-tam is the founder and former chairman of the board of Beijing Zhaode Investment Co and has also started a number of companies in Hong Kong. In 2016 Pak-tam was implicated in the Panama Papers leak. The documents revealed that he was the owner of a firm named Fung Shing Development Ltd which had been set up in the British Virgin Islands, a tax haven. His daughter Jasmine was also named in the Panama Papers, her shell company Harvest Sun Trading Ltd sha ...
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Brackets
A bracket is either of two tall fore- or back-facing punctuation marks commonly used to isolate a segment of text or data from its surroundings. Typically deployed in symmetric pairs, an individual bracket may be identified as a 'left' or 'right' bracket or, alternatively, an "opening bracket" or "closing bracket", respectively, depending on the Writing system#Directionality, directionality of the context. Specific forms of the mark include parentheses (also called "rounded brackets"), square brackets, curly brackets (also called 'braces'), and angle brackets (also called 'chevrons'), as well as various less common pairs of symbols. As well as signifying the overall class of punctuation, the word "bracket" is commonly used to refer to a specific form of bracket, which varies from region to region. In most English-speaking countries, an unqualified word "bracket" refers to the parenthesis (round bracket); in the United States, the square bracket. Glossary of mathematical sym ...
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Canoo
Canoo is an American automotive startup based in Torrance, California, that develops and manufactures electric vehicles. It plans to sell a lifestyle vehicle by 2022. Canoo's research & development team is based in the Detroit region (Auburn Hills, Livonia) while production operations are in Justin, Texas and at its main manufacturing plant in Pryor, Oklahoma. The company also plans to produce commercial electric vehicles such as vans for vehicle rental and ride sharing services. In May 2022, it was reported that Canoo was struggling to find funding, the company saying that it had only enough funding to operate for one more quarter. History Canoo was founded in 2017 under the name Evelozcity by Stefan Krause and Ulrich Kranz. Krause worked for Deutsche Bank as its chief financial officer while Kranz worked for BMW as a senior executive. Both men met at rival EV company Faraday Future before leaving together to form their own company in 2017, due to disagreement with Fa ...
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Faraday Future
Faraday Future is an American start-up technology company focused on the development of electric vehicles, founded in 2014. History Founding Faraday Future was founded by Chinese businessman Jia Yueting in April 2014 and is headquartered in Los Angeles, California, in the Harbor Gateway neighborhood adjacent to Carson, California. From its inception in 2014, the company grew to 1000 employees by January 2016. The company is named for a founding principle of electric motor technology known as Faraday's law of induction, which in turn is named after English scientist Michael Faraday who discovered electromagnetic induction. Factory plans Faraday Future announced in November 2015 that it would invest up to $1 billion in its first manufacturing facility. In December 2015, Faraday Future settled on a location in North Las Vegas for its manufacturing site, to be built by AECOM for $500 million. Construction began in April 2016 on infrastructure which Nevada agreed to build, but ...
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Jia Qinglin
Jia Qinglin (; born 13 March 1940) is a retired senior leader of the People's Republic of China and of the ruling Chinese Communist Party (CCP). He was a member of the CCP's Politburo Standing Committee, the party's highest ruling organ, between 2002 and 2012, and Chairman of the National Committee of the People's Political Consultative Conference between 2003 and 2013. Jia's functions as the head of China's consultative legislative body were largely ceremonial in nature. Jia, an engineer by trade, began his political career in Fujian in 1985. There, he rose steadily through the ranks and led the province during the Yuanhua scandal. In 1996, Jia was transferred to become mayor, then party chief of Beijing. Largely due to his patronage relationship with then General Secretary Jiang Zemin, Jia was promoted to the Politburo in 1997, and remained a mainstay figure in China's political elite for the next fifteen years. He retired in 2013. Political career Jia Qinglin was born in M ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Chinese Communist Party
The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and One-party state, sole ruling party of the China, People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Civil War against the Kuomintang, and, in 1949, Mao Proclamation of the People's Republic of China, proclaimed the establishment of the People's Republic of China. Since then, the CCP has governed China with List of political parties in China, eight smaller parties within its United Front (China), United Front and has sole control over the People's Liberation Army (PLA). Each successive leader of the CCP has added their own theories to the Constitution of the Chinese Communist Party, party's constitution, which outlines the ideological beliefs of the party, collectively referred to as socialism with Chinese characteristics. As of 2022, the CCP has more than 96 million members, making it the List of largest political parties ...
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Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resume ...
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Panama Papers
The Panama Papers ( es, Papeles de Panamá) are 11.5 million leaked documents (or 2.6 terabytes of data) that were published beginning on April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities. The documents, some dating back to the 1970s, were created by, and taken from, former Panamanian offshore law firm and corporate service provider Mossack Fonseca. The documents contain personal financial information about wealthy individuals and public officials that had previously been kept private. The publication of these documents made it possible to establish the prosecution of Jan Marsalek, who is still a person of interest to a number of European governments due to his revealed links with Russian intelligence, and international financial fraudsters David and Josh Baazov. While offshore business entities are legal (see Offshore Magic Circle), reporters found that some of the Mossack Fonseca shell corporations we ...
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British Virgin Islands
) , anthem = "God Save the King" , song_type = Territorial song , song = "Oh, Beautiful Virgin Islands" , image_map = File:British Virgin Islands on the globe (Americas centered).svg , map_caption = , mapsize = 290px , image_map2 = British Virgin Islands - Location Map (2013) - VGB - UNOCHA.svg , mapsize2 = 250px , subdivision_type = Sovereign state , subdivision_name = , established_title = , established_date = Dutch West Indies , established_title2 = British capture , established_date2 = 1672 , established_title3 = Cooper Island (British Virgin Islands), Cooper Island sold to UK , established_date3 = 1905 , established_title4 = Separate colony , established_date4 = 1960 , established_title5 = Autonomy , established_date5 = 1967 , official_languages = North American English, English , demonym = , capital = Road Town , coordinates = , largest_city = capital , ethnic_groups = 76.9% Black people, Black5.6% Hispanic5.4% White people, White5.4% Multirac ...
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Tax Haven
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mo ...
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Wanda Group
Wanda Group (), or the Dalian Wanda Group (), is a Chinese multinational conglomerate founded in Dalian, Liaoning and headquartered in Beijing. It is a private property developer and owner of Wanda Cinemas and the Hoyts Group. With investments within Mainland China and globally, the Dalian Wanda group has investments across many industries including construction, entertainment, media, industrial manufacturing, financial services, high technology, hospitality, real estate, retail, healthcare, and sports. It ranked 380th on the Fortune Global 500 List in 2017. Also in 2017, its assets amounted to 700 billion yuan and an annual revenue 227.4 billion yuan ($35.29 billion). Wanda Cultural Industry Group is one of China's cultural enterprises, includes movie theaters as well as sports and film production assets, and contributed 28% or $10.85 billion to overall revenue. Wanda Group ranks 28th on the 2020 China Top 500 Private Enterprises List. History The company was founded ...
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Chinese Businesspeople
Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Han Chinese, the largest ethnic group in the world and the majority ethnic group in Mainland China, Hong Kong, Macau, Taiwan, and Singapore ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of Mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese c ...
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