MiraclePlus

US sanctions MiraclePlus and Linwei Ding's Shanghai Zhisuan under PAIPA

U.S. Department of State published this on Oct 19, 2026 (source: state.gov).

The State Department designated five China-based entities under the Protecting American Intellectual Property Act (PAIPA) in connection with theft of trade secrets from U.S. persons: Shanghai Zhisuan Technology, which it says was established by Linwei Ding in 2023; the venture firm MiraclePlus (Qiji Chuangtan Beijing Investment Management); and three MiraclePlus entities, its Phase I and Phase II venture funds and Zhiyuan Enterprise. The State Department says Ding, convicted by a U.S. jury on January 29, 2026 of stealing Google trade secrets related to super intelligence (SI) technology, pitched Zhisuan at MiraclePlus as able to replicate Google's SI infrastructure technology, and that MiraclePlus took an ownership stake in Zhisuan in exchange for seed capital. OFAC added all five to its Non-SDN Menu-Based Sanctions List: their property is blocked, U.S. persons may not buy significant amounts of their equity or debt, and U.S. bank loans, foreign exchange and banking transactions involving them are restricted. OFAC General License 2 allows wind-down transactions with the four MiraclePlus entities until 12:01 a.m. EST on January 19, 2027.