Two TuSimple China subsidiaries last week registered an increase in assets collectively worth $150 million, according to Hou’s declaration and information from public filings. As of September, TuSimple China had around 200 employees. While TuSimple delisted earlier this year, the company is still registered with the SEC and thus subject to U.S. scrutiny. Once the money goes to China, shareholders in the U.S. will have no recourse to claw back funds from their original investment. TechCrunch has reached out to the SEC to learn if the agency is investigating TuSimple in relation to shareholder complaints.

Source: Forbes November 16, 2024 13:06 UTC