A Honk Kong company has been called out in National news for having inside information prior to Honey Science's $4 billion dollar purchase, by Paypal. Source (and more will be posted as news breaks this week) https://www.thestandard.com.hk/section-news/section/1/266971....

At the time, Dickson Concepts owned 24.8 million shares of Honey, or 3.73 percent of the issued share capital. How did they get this information early that Paypal was going to acquire them? Furthermore, who on the U.S. side was working to provide this kind of upside to a Honk Kong billionaire?

Coincidentally, one of the co-founders of Honey Science Corporation (the Honey coupon app) appears has a last name that is a common last name in in China, and in parts Hong Kong. This may very well be a coincidence, or this may be the very degree of connection that will be the blue dye packet of connection. But what is even more interesting is their repeated history of documented, shady business practices. In addition to this, Honey Science has a bad track record of relationships with Chinese investors along the way.

From the start, Honey Science Corporation was called out for deceiving their original venture capital investors. They secured funding then changed company names/concept etc. One cached link here https://pastebin.com/5fc5Qmeh - where a well known Venture Capitalist wrote an open letter to the community stating that this "startup" defrauded the accelerator's investors by changing the company name, business accounts (commingling?) and business type, and then not paying out the original investors. In short, the Honey founders raised money for a dating app, then started a coupon app, and cut out the investors.

Honey has also been accused in federal court of outright copying the coupon code IP, in the court case RetailMeNot, Inc. v. Honey Sci. LLC. So it appears Honey and their team have no respect for IP.
And if this is not enough, again, Honey was brought to court in 72LUX, Inc. v. Honey Science Corporation et al for allegedly stealing patented codes, from another digital coupon company in operation.

And there was already ANOTHER case involving suspicious Chinese investors and Honey. Specifically involving accusations of fraud and misrepresentation. See case DAVID CARTER VS ZUMA PARTNERS F I, LLC.

The case in question occurred in 2019. A group of Chinese investors alleged that Honey's founders and executives misled them about the company's financial situation during fundraising rounds. The dispute involving Honey Science Corporation centers on a partnership between Henry Carter and Kai Shi, who aimed to establish a venture capital firm called Zuma Partners. They agreed to share profits equally from their investments, including Honey. Carter and Shi formed Zuma Partners in June 2015, raising venture capital and investing in various companies. Between September 2015 and mid-2017, they invested in fifteen companies, with Honey among them.

In November 2019, PayPal announced its acquisition of Honey for approximately $4 billion, leading Carter to request documentation of their partnership and investment rights. However, Shi claimed there was no carried interest on the Honey investment, contradicting standard practices. After discovering that the operating agreements did include a carried interest, Carter initiated legal action against Shi for failing to provide necessary documentation.

It's clear, they don't respect agreements, intellectual property, or laws of the land. Will Sam Bankman-Fried get some new cell mates soon?