Matt Dolan Is So Rich He Didn’t Know He Was Cashing In On A Chinese Company Potentially Threatening Our National Security
March 8, 2022
Columbus, OH — In an interview with Spectrum News’ Taylor Popielarz, Multimillionaire Matt Dolan admitted he’s so rich he didn’t know he had invested tens of thousands of dollars in China until he ran for U.S. Senate.
He told Spectrum News that “through the exercise of my financial disclosure form, [he] found… out” he had invested in Alibaba Group. It’s a fitting excuse for a millionaire who is self-funding his struggling campaign to the tune of over $10 million, and whose family has formed a super PAC and dumped $3 million into the race to boost his bid while neglecting the struggling Cleveland Guardians.
According to Dolan’s personal financial disclosure, he has invested $15,001 to 50,000 in Alibaba Group Holding Limited American Depositary. According to NASDAQ, Alibaba Group Holding Limited is headquartered in China. The company’s website says their businesses “are comprised of China commerce, international commerce, local consumer services, Cainiao, cloud, digital media and entertainment, and innovation initiatives and others.”
Alibaba is currently under review by the Biden administration for whether its cloud business poses a “risk to U.S. national security” since the Chinese government could compel the tech company to turn over sensitive customer data. According to Reuters, the Trump administration also issued a warning in August 2020 against Chinese companies including Alibaba, warning that “U.S. citizens’ most sensitive personal information and our businesses’ most valuable intellectual property” could be “stored and processed on cloud-based systems accessible to our foreign adversaries.”
“Millionaire Matt Dolan is so out of touch he didn’t realize he was cashing in with a Chinese company under review for threatening our national security until he decided to run for U.S. Senate. Ohioans deserve leaders who are actually tough on China, not politicians like Matt Dolan who stand to profit from turning a blind eye to their abuses,” said Michael Beyer, a spokesperson for the Ohio Democratic Party.