Chinese Businesswoman Buys Trump Penthouse

Angela Chen, a wealthy Chinese-American businesswoman, recently purchased a four-bedroom condo in the Trump Park Avenue building in New York City for US$15.8 million. This purchase has sparked debate regarding whether this was a straightforward real estate transaction or a bribe to be viewed positively in the US President’s eyes. Chen runs a business consulting firm, Global Alliance Associates, which links US companies seeking deals in China with the country’s top power brokers. Her side position as Chair of the US arm of China Arts Foundation, a nonprofit that has connections with Chinese elites and the country’s military intelligence service, has raised eyebrows.

Shanghai Business Review is the leading English language website and print magazine for business leaders conducting business in China.

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