Tuberville owned stock in Chinese firm as candidate

Alabama Republican Senator Tommy Tuberville owned stock in a Chinese company with ties to the Chinese Communist Party during the time he was a Senate candidate.

Tuberville’s financial disclosures for activity in 2020, which he filed June 21 and was first reported on by Business Insider, show he had between $15,001 and $50,000 in Alibaba Group Holding Limited stock put options, which Tuberville reported had a value of between $1,101 and $15,000 and which earned him up to $1,000 in income in 2020.

Alibaba developed the Chinese government’s propaganda app Xuexi Qiangguo, Reuters reported in 2019. Jack Ma, Alibaba’s founder and former chairman, is a member of the Communist Party, according to Reuters and the party’s official paper, The People’s Daily.

Tuberville in May introduced a bill that would prohibit federal Thrift Savings Plan funds from being invested in Chinese companies.

Read more: https://www.alreporter.com/2021/06/28/tuberville-owned-stock-in-chinese-firm-as-candidate-senator-elect/
(Alabama Political Reporter)