To manage the fund, Yahoo partnered with Harry Wu—a noted Chinese dissident turned powerful anti-China activist—and his nonprofit, the Laogai Research Foundation. But Wu grossly mismanaged YHRF, spending less than $650,000—or 4%—of the fund’s total $17.3 million on support for online dissidents, according to the current lawsuit. One year, YHRF allegedly spent $0 on what was meant to be its primary purpose. (Some defendants contest these calculations.)
Think of it more as the NYC of China. You’ll know when someone is from there because they’ll tell you in the first five minutes of meeting them.
I’ve often seen and made the comparison myself that Shanghai is the “NYC of the East”, with a bit of Las Vegas, Philadelphia, Singapore and Texas built-in.