Sunday, May 31, 2020

Dem Senate Candidate Sat on Advisory Board of Company That Partnered With Chinese Tech Giant

Senate candidate Mark Kelly sat on the advisory board of and held a significant financial interest in a Colorado company that partnered with a Chinese state-financed tech giant to bring supersonic aerospace technology to China in 2018, according to his financial disclosure reports.

Kelly, a former NASA astronaut, served on the advisory board for Boom Technology, a high-speed aircraft company in Colorado from 2015 to 2019 and owned private stock in the company worth between $115,000 and $300,000 as of last year.

In 2018, Boom Technology partnered with the Shanghai-based travel company Trip.com Group Limited, formerly known as Ctrip, to help "Bring supersonic flight to China," according to a joint announcement from the companies.

World View Enterprises, a company he cofounded and holds investments in, received funding from Chinese tech company Tencent, the Washington Free Beacon reported last October.

A Kelly spokesman said the candidate was an adviser to Boom but never sat on the company's board, calling this a "Misleading" attack by supporters of Kelly's Republican rival Martha McSally.

Typically advisory boards exist alongside a company's formal corporate board and provide strategic advice to leadership.

A spokeswoman for Ctrip declined to comment on the company's financial relationship with the Chinese government or provide details on its partnership with Boom.

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