The Siege of the “Mother of E-Commerce”

Prepared by Peter Li-Chang Kuo

This Article is concerning that “The Orchestrated Siege of the ‘Mother of E-Commerce’—Linda Din, a speaker of APEC 1998 and 2003 by the cartels.”

Recognizing the imbalance in regional economic development, APEC founding member Australia invited Linda Din — known as the “Mother of E-Commerce” for facilitating the passage of the "E-Commerce Bill" from the APEC podium in 1998 — to present at the APEC 2003 forum in Thailand. She introduced the best practice case, “Global Channel–TES,” a Total Economic Solution capable of generating economic energy equivalent to "36% of global GDP," designed to meet "Addressing the Needs of SME Exporters" theme.

Fig 1: Linda Din with her TES invention at APEC 2003

First, a question: “Who stole the ‘USD 36 trillion ark’ that the ‘Mother of E-Commerce’ had built to save the world from the global financial crisis?”

The answer: “Like a prophet imprisoned on an island, the ‘Mother of E-Commerce’ —Linda Din was locked away — leaving humanity unable to escape catastrophe.”

This is not a fictional script, but a collective siege that unfolded before our eyes, disrupted by "non-economic forces" for more than twenty years.

During the 2026 Lunar New Year holiday, while people enjoyed the convenience of digital payments—such as EasyCard and ETC—few could imagine that the inventor behind the world’s first system-level invention patent, "US 6,304,796 B1," whose underlying logic even The Walt Disney Company has referenced, was struggling through the winter on NTD 200 to buy 30 steamed buns for living.

This technological and economic visionary — who astonished the international community in 2003 at the APEC stage with a “Best Practice” presentation, opening a pathway for Taiwan’s semiconductor industry, and earning admiration from global leaders such as Lee Teng-Hui and Tenzin Gyatso (Dalai Lama)—had already built a rescue ark capable of preventing the 2008 global financial crisis, the "Global Channel–TES." Yet this ark was hunted down at the national level in Taiwan.

Looking back at the April 2008 Social Responsibility Investment (SRI) briefing, reported as “The Prophetic Report from Silicon Valley,” we—together with "Merrill Lynch" — calculated that this “Golden Net” system could create 5.15 million jobs and generate USD 257.1 billion in business opportunities, enough to counter the emerging financial crisis.

However, just before launch, the ark faced a ruthless siege.

A cartel composed of Taiwan’s political and business elites sought to appropriate the technological dividends — estimated at "USD 10 trillion" in output value at APEC 2003. They launched a coordinated “Nest-destroying Operation.”

The Mother of E-Commerce was threatened and hunted:

During the devastation of Typhoon Morakot, the “prophet was forced from her home” and left wandering the storm-lashed streets. Meanwhile, the cartel dismantled the ark of salvation, turning it into a soulless profit-harvesting machine, enjoying immense gains.

Fig 2: 2008 “Prophetic Report from Silicon Valley”

About Linda Din

Linda Din (Ding Lin-Hong) was born on August 1, 1958. Through a traditional arranged introduction, she married me on February 21, 1980. At that time, I had already been called “the Father of Taiwan’s Precision Industry” by Chiang Ching-Kuo in 1974 (21 years old).

We did not go on a honeymoon. Instead, Linda immediately handled tax rebate procedures for the company I had founded, Cheng Kuang Precision Industrial Co., Ltd., recovering "NTD 5 million" in net funds—enough at the time to purchase "10,000 ping of land" (355,832 ft² ) in Yong-Kang.

Soon afterward, with nothing more than a second-hand typewriter, she began selling electronic components worldwide. Selling to the United States, Japan, and Europe was already impressive — but she even secured business with “Profilo Telra in Turkey” and “Ahuja Radios in India.”

Before the age of thirty, she had reached a point where she could "lend money to banks" and provide emergency financing to companies facing bounced-check crises. When one borrower could not repay "NTD 5 million," she even lent him another "NTD 2 million," asking me to help diagnose his business and ensure it became profitable.

Fig 3: Linda Din lending money to banks

Linda observed that Taiwan’s industrial transformation from 1981 to 1985 failed due to government dysfunction.

Because I once revived the production process of the famous Barbie doll invented by Ruth Handler, she called me the “Gadget Master.” At the Taiwan plant of Mattel, employees referred to Linda respectfully as “Shimu” (Master’s Wife).

Yet after Mattel adopted the production tools I provided and moved operations to Malaysia, layoffs began in 1985. Unemployed workers turned to taxi driving — only to become victims of robbery.

Seeing this, Linda declared: “I will invent a cashless system where taxis carry no cash, yet drivers can still earn a safe living.”

One day in 1986, after spiritual meditation, she sat at a desk drawing, cutting, and pasting pieces of paper together to create a conceptual diagram. She said it represented “Electronics + Commerce.”

She named it the "TES" — The Electronic Store System, a new techno-economic system, later called by APEC representatives the "Total Economic Solution."

Fig 4: TES Concept Diagram invented by Linda Din

After inventing TES, she traveled around the world presenting the idea. But no one understood it, and no one could help. She was met only with ridicule — people laughed until their gums showed.

Eventually, she placed the responsibility of making TES real on my shoulders. After studying it deeply, I interpreted the diagram as a system architecture.

Fig 5: TES System Architecture Diagram

The TES architecture reveals two intersecting channels integrating the "virtual and the physical":

1)The physical (substantial) channel creates new employment opportunities.

2)The virtual channel allows services to transcend time and space, reaching across vast distances.

The combined economic value of this integration would be astronomical—about "36% of global GDP."

When Linda Din accepted the invitation of the Australian government to serve as a speaker at APEC 2003, the total GDP of APEC economies was about "USD 28 trillion." When someone in the audience asked about TES’s potential output value, she answered from the podium: “Ten trillion US dollars.”

Seventeen years later, during the COVID-19 pandemic in 2020, the annual transaction volume of cashless systems alone reached "USD 36 trillion," confirming her prediction.

At the time, I discovered TES was millions of times larger than the thousands of electronic products I had previously developed combined — "a matter of national importance." I reported this to senior leadership. Chiang Ching-Kuo instructed me to visit the Council for Economic Planning and Development (CEPD) to meet Chairman Chao Yao-Tung. But he said he did not understand it and that the government had no funds.

He suggested I explain it to his MIT's junior alumnus at Industrial Technology Research Institute (ITRI). After listening for a long time with a blank expression, the junior finally said: “What? A TranSmart chip? That won’t be possible even in fifty years.” So Linda used her own money for research and development — funds that could have purchased the entire Taichung Art Street at the time.

In only eleven years, she brought the results to APEC 1997 in Vancouver, igniting hope for countries devastated by the Asian Financial Crisis. She was invited to join the "International Advisory Expert Task Force," advocating the creation of an "Economic Institute" (EI) and compiling eleven training manuals to cultivate "seed consultants" who could assist APEC economies in industrial transformation.

Linda was responsible for writing the "E-Commerce textbook" —because no one else understood the field at the time.

Fig 6: APEC International Advisory Expert Meeting

Later, while serving as an APEC speaker in 1998, Linda Din used the "TES" framework to promote the E-Commerce Bill proposal, earning her the title “Mother of E-Commerce” among APEC economy representatives.

Fig 7: Linda Din won the APEC 1998 E-Commerce Bill

In November 1998, when I traveled to Lübeck, Germany for a conference, the German Minister of Economics, Günter Rexrodt, introduced me to senior German officials as “the husband of Linda Din, the Mother of Global E-Commerce.”

Linda Din consistently emphasized a cosmic worldview centered on “care for life.” Her invention was created to solve unemployment, and because its components are inseparable within a comprehensive system, she named it the "Total Economic Solution" (TES). However, a utilitarian cartel group took her invention and applied it through a mechanistic approach, fragmenting the system in order to reap enormous profits.

After moving to Taipei in 1982, Linda Din — besides raising children and volunteering — read three newspapers every day, along with the "Trade Bulletin" of Taiwan External Trade Development Council to keep up with real-time commercial intelligence. As a result, she was able to conduct business with three major electronics manufacturers in India, earning enough to assist those in need — including banks, corporations, monks, and nuns. More importantly, we developed deep friendships with Indian diplomats, who even invited us to their homes as honored guests.

Fig 8: Visiting Indian ambassador's home

Through these relationships, we helped facilitate the visit of Tenzin Gyatso (Dalai Lama) to Tainan's Gongga Temple on March 29, 1997, for a consecration ceremony. The Dalai Lama praised Linda Din’s work in "Social Responsibility Investment" (SRI) and described it as embodying “Universal Concern.”

Fig 9: The Dalai Lama with Linda Din

Taiwan’s international situation has long been extremely difficult. Because President Lee Teng-Hui was unable to attend APEC in person, he later learned that Linda Din, representing Taiwan, had won the "E-Commerce Bill" from the APEC podium. After understanding the entire process, he instructed his trusted aide — Construction Department Director Lin Chiang-tsai — to treat the TES E-Commerce System as an "Important National Policy" and promote it throughout Taiwan.

Fig 10: Director Lin introducing Linda Din nationwide

Later, President Lee invited us to Tsui-shan Villa and asked Linda Din to personally explain the importance of TES to national development. After hearing the presentation, President Lee remarked: “This TES electronic commerce system is a revolution in finance and technology.” He also expressed strong support for the “intelligent industries” we advocated.

Fig 11: Reporting TES to President Lee Teng-Hui

In addition to helping the Ministry of Economic Affairs (MOEA) organize a nationwide "SME Service Caravan," holding dozens of policy promotion events to encourage industrial upgrading, Linda Din also successfully secured the "APEC Technomart II" an exchange exhibition in Taipei. This allowed Taiwanese citizens to participate in a major international conference without traveling abroad, broadening their global outlook. At the event, Minister of Economic Affairs Wang Chih-Kang and Director of the SME Administration Li Chang-Yi presented an award to Linda Din under the APEC emblem.

Fig 12: MOEA presenting an award to Linda Din

On March 31, 1998, the highly respected former Vice President Hsieh Tung-Min personally presented Linda Din with the "Outstanding Alumni Award" for the 40th Anniversary of Shih Chien University. The award recognized her contributions to Taiwan’s industry and her efforts to share the philosophy of “The Great Harmony” from the Book of Rites, promoting peaceful development for humanity. He encouraged her with the words: “Lin-Hong, virtue is never solitary; it always has neighbors.”

Fig 13: Hsieh Tung-Min presenting the award to Linda Din

On March 20, 1999, Premier Vincent Siew and Vice Premier Liu Chao-Shiuan led members of the cabinet to visit the Panhornic Laboratory to learn about Linda Din’s “Genesis-level invention.” They listened as she explained why "TES could mitigate the Asian Financial Crisis" and how an invention from Taiwan had succeeded in advancing the "E-Commerce Bill at APEC."

Fig 14: Linda Din explaining her invention to Vincent Siew

Because President Lee Teng-Hui recognized TES as a revolution in finance and technology, he accepted our policy recommendations. On May 24, 1999, Linda Din submitted a proposal to the Taipei City Government titled “Supporting Measures for Electronic Stores in E-Commerce.” The proposal recommended adopting the easy-to-use contactless "TranSmart chip card" — based on TES — as the foundation of what later became the "EasyCard" for the newly completed Taipei Metro, with gradual expansion to broader applications.

Fig 15: To realize Taipei City Government's EasyCard

At the time, Labor Affairs Director Cheng Tsun-Chi observed: “Women over the age of 35 who lose their jobs often never receive a second chance at employment.” He strongly supported Linda Din’s "eStore" (electronic store) concept — a job-generation system designed especially for single mothers and disadvantaged groups — and decided to promote the widespread establishment of electronic stores throughout Taipei.

In response, Linda Din actively invested "NTD 500 million" to build a factory in the Taichung Port Export Processing Zone.

Fig 16: Investment in the Taichung Port factory

The most critical component of TES is the "ICT Control Center" located at the center of its conceptual diagram. No matter whether electronic stores are deployed in Country A, Country B, or Country C, if the control center is located in "Taiwan," an estimated "36% of global GDP" in micro-transactions would flow through "Taiwan."

This would allow Taiwan to become "one of the wealthiest nations" in the world — a projection later validated when annual cashless transaction volumes reached "USD 36 trillion" during the COVID-19 pandemic.

Fig 17: ICT Control Center that could enrich Taiwan

Because Panhornic ComMec Inc. had hired several employees laid off by Aerospace Industrial Development Corporation (AIDC), we developed close interactions with the company over several years. As "the daughter of a defense employee," Linda Din believed that to secure leadership in the digital age, Taiwan needed to establish the "ICT Control Center" quickly. AIDC would be a best place.

Therefore, on March 15, 2000, Linda Din signed a "Cooperation Agreement" with AIDC.

Fig 18: Signing a “Cooperation Agreement” with AIDC

Since attending the APEC 1997 in Vancouver, Linda Din has consistently produced a unique "color pamphlet" for each APEC meeting — something no other economy had done at the time. The pamphlet was created by folding an A4 sheet into four A5 pages (four-page A5), presenting her invention TES together with the "philosophy of Social Responsibility Investment" (SRI).

Each time, 4,000 copies were distributed and quickly taken, eventually becoming important documentary records in the history of the electronic commerce industry.

Fig 19: Color pamphlets produced by Linda Din

This “color pamphlet” contained rich illustrations and conceptual explanations. Distributed widely at international venues such as Asia-Pacific Economic Cooperation (APEC), it represented a highly forward-looking project of “standards marketing” and “social education.”

These pamphlets not only helped Linda Din earn the distinguished title “Mother of E-Commerce,” but also became the very reason cartel groups later coveted the results of her work. The profound influence generated by these pamphlets can be summarized in two major aspects:

1. Defining the Global “Physical Architecture” and Benchmark of E-Commerce:

In 1997, the world was still largely unfamiliar with the concept of electronic commerce. Through these “color pamphlets,” Linda Din concretely visualized it as the TES (Total Economic Solution) system, creating what may be called a “visualized technology chain.”

For example, the pamphlet clearly illustrated the entire process — from Suppliers, Logistics, to the terminal nodes “VAM & eStore” (intelligent vending and electronic store systems). Delegates from various economies could literally hold the pamphlet in their hands and carefully study the structure of the system.

2. Popularizing Key Technological Tools:

The pamphlets also introduced the TranSmart Chip Card and its reading device (TRD), which "directly defined the global technological model for contactless cashless transactions" around the international society. This concept not only contributed to the later international standards of “ISO/IEC 14443 and ISO/IEC 15693,” but also helped win the “Best Practice” recognition at APEC 2003 Thailand Meetings in Chiang Mai.

The model served as a guideline for "240 million" new entrepreneurs and later manifested its real impact during the COVID-19 pandemic, when approximately "1.5 billion" people were able to earn income from home through global digital transactions.

In short, Linda Din’s title as the “Mother of E-Commerce” was not self-proclaimed. It was built upon two major contributions communicated through these pamphlets:

1. Legislative Catalyst:

Using the pamphlets, she explained the TES system to representatives of APEC economies and successfully helped facilitate the adoption of the "E-Commerce Initiative" at the 1998 APEC meeting in Kuala Lumpur. This provided the legal foundation for "e-commerce policies" to develop across multiple economies.

2. The Only Inventor with a “Diagnostic Record”:

The pamphlets also disclosed the entire "IPR" (Intellectual Property Rights) process, listing numerous patents across different countries — including TES, VAM, and ETC. This served as tangible proof that she possessed not only visionary ideas but also the practical engineering capability to implement them.

Fig 20: Color pamphlet detailing the IPR process

In addition, the pamphlets promoted the philosophy of “New Industry, New Jobs,” emphasizing that innovation should solve unemployment. At the time, this was one of the rare narratives that combined technology with humanitarian concern, inspiring delegates and international organizations to consider the concept of "Social Responsibility Investment" (SRI).

The pamphlets even cited passages from the Book of "Exodus," emphasizing "the moral obligation not to oppress strangers or the vulnerable." This integration of technological vision with human compassion resonated strongly both within APEC and in Silicon Valley. The pamphlets were quickly taken each time they were distributed because delegates saw in them the universal warmth of technology serving humanity.

The pamphlets also calculated the employment impact of the TES system with precision: "5.154 million jobs and USD 257.1 billion in economic opportunities." Such concrete social impact indicators earned Linda Din the admiration of figures including the Tenzin Gyatso, former Vice President Hsieh Tung-Min, and former President Lee Teng-Hui.

At the APEC 2003 meeting in Chiang Mai, Australian diplomat Grant Dooley held Linda Din’s speech manuscript and pamphlet and said: “Linda, your proposal will change the way people live in the human world. You truly are the Mother of E-Commerce.”

Fig 21: APEC 2003 recognition of Best Practice

Mr. Li Chang-Yi returned to Taiwan from Hong Kong in 1996 to serve as Director of the SME Administration under the MOEA. He worked tirelessly to support small and medium-sized enterprises and even hosted a “call-in program on UFO TV,” frequently inviting Linda Din — the “Mother of E-Commerce” — to discuss the importance of TES for SMEs.

Fig 22: Group photo from Li Chang-Yi’s UFO TV program

As Linda Din’s responsibilities grew, a young man named Yeh Kuang-Shih, stood to Li Chang-Yi’s left in one photo, offered to help take over the work of APEC International Advisory Expert. Ironically, he later used this opportunity as a stepping stone. When Ma Ying-Jeou became President and Liu Chao-Shiuan became Premier, Yeh Kuang-Shih went on to serve as Minister of Transportation, openly promoting the “application of contactless sensing technology,” while the Mother of E-Commerce herself suffered extremely unjust treatment.

Chronicle of the Cartel’s Siege Against the Mother of E-Commerce

Unfortunately, the enormous influence generated by distributing 4,000 "color pamphlets” at each APEC meeting also attracted the covetous attention of what may be called “mechanistic opportunists.” The ideas contained in these materials became, in effect, a manual for predators, producing tragic side effects. Beginning on May 20, 2000, corrupt cartels in Taiwan launched a systematic campaign against the woman widely known as the “Mother of E-Commerce, Linda Din.”

The key incidents unfolded as follows:

First, Removal of AIDC Chairman:

Mr. Tsai Chun-hui, chairman of Aerospace Industrial Development Corporation (AIDC), who had signed a cooperation agreement with us, was removed from his post. The stated reason was dismissive: “Why engage in electronic commerce?” As a result, Taiwan lost an opportunity to secure its voice and intellectual properties in the emerging digital world.

Second, Expulsion from Incubation Center:

Panhornic ComMec Incorporation was forced out of the incubation center of the National Chung-Shan Institute of Science and Technology in Taichung without any reason.

Third, Dismissal of SME Director Li Chang-Yi:

On June 2, 2000, during our "TES Achievement Presentation" at the AIDC auditorium, SME Director Li Chang-Yi — who had confirmed plans to attend the APEC 2000 Brunei Meetings — was suddenly removed and investigated, allegedly because he had bought mooncakes to share with colleagues at APEC 1997 in Vancouver.

Fourth, Robbery and Financial Suppression:

On January 27, 2001, Panhornic ComMec Incorporation was struck by “a major robbery,” which prevented the completion of building the new plant in Taichung Port Export Processing Zone within six months. After both sides agreed to withdraw investment, the Ministry of Economic Affairs sued Linda Din under the pretext of a land-rent increase, eventually forcing us to pay hundreds of thousands of dollars in damages.

After President Jiang Zemin reportedly adopted Linda Din’s book "The Daughter of a Defense Employee" and her pamphlets as reference policy for “Pilot Exercise of TES” in Sichuan, armed personnel allegedly visited friends and relatives across Taiwan to gather 39 persons to accuse labeling us as “Profiteers Financing the Communist Enemy.” Under continuous pressure from the tax bureau, investigative authorities, police station and DA, Linda Din collapsed on November 21, 2004, suffering severe cognitive trauma. Henchmen connected to Jeffrey Koo of China Trust openly threatened us: “We do not let you to live past 2004.”

Linda Din’s personal networks and financial channels were severed. Continuous pressure from the tax authorities, prosecutors, police, and intelligence agencies followed. On November 21, 2004, she collapsed, suffering severe psychological trauma that left her mentally disoriented, speechless, and memory-impaired. Agents linked to Jeffrey Koo later approached me, urging that she be placed in a nursing home while offering to elevate me politically as a “Liu Bang–like leader.” I expelled them and chose instead to care for her 24 hours a day, a decision that later earned me the cartel’s mocking nickname “King You of Zhou.”

Fifth, A Meticulously Designed Chain of Traps to Bring Down Linda Din

By December 2005, Linda Din had begun to recover. I appriciated the Most High, and to write the book “Opening the Way for the Next Generation.” Churches soon invited us frequently to preach and testify. At that time, "Huang Derrui, Director-General of the Science Park Administration," visited to observe a live TES system demonstration and encouraged Linda Din to invest in the “Tongluo Science Park” (TSP) project. A group of pastors surrounded her, proclaiming that TSP was “the Promised Land of God.” The mayor of Tongluo Township invited her to public hearings, and she even petitioned the Premier of Taiwan for NTD 1 billion in infrastructure funding, because the APEC Best Practice “Global Channel-TES” project and Panhornic ComMec Inc. were expected to enter the park.

Only later did it become clear that this was a carefully staged entrapment operation designed to lure and eliminate the “Mother of E-Commerce.” In the end, it stripped her of her company, house, bank accounts, and reputation — leaving nothing behind. The cartel later boasted that the operation was a “Nest-destroying Operation.”

Fig 23: Huang Derui’s Deadly Trap for the “Mother of E-Commerce”

Sixth, The TES Plagiarism War behind APEC:

As mentioned earlier, due to Taiwan’s geopolitical situation, President Lee Teng-Hui was unable to personally attend APEC meetings. Therefore, he entrusted the important responsibility to “Jeffrey Koo Sr. of ABAC” and allocated funding to the Taiwan Institute of Economic Research. Consequently, when the “Mother of E-Commerce,” Linda Din, distributed her color pamphlets widely at the Vancouver APEC meeting — materials that visualized the TES concept and resonated strongly with representatives from various economies — they also drew the attention of Koo. On May 31, 2000, Koo came to seek a role as a "supporting unit" of Panhornic ComMec Incorporation. Subsequently, his subordinates attended the "TES Achievement Presentation" on June 2, using the opportunity to approach our staff and obtain knowledge of our schedules, thereby carrying out their encirclement strategy.

At the APEC Vietnam 2006, I confronted Koo in person and asked that he respect "intellectual property rights" (IPRs) and honor the agreed arrangements. Koo replied bluntly: “Taiwan is not a member of the United Nations—those rules don’t apply to us!”

Thereafter, in 2007, Jeffrey Koo and Stanley Kao of President Chain Store Corporation replicated the "TES Commercial Mechanism" within 7-Eleven, installing the "iCash" system and upgrading convenience stores into what they called “electronic stores” (eStore) profiting from the concept throughout the streets and marketplaces. Meanwhile, the “Mother of E-Commerce,” Linda Din, was surrounded and crushed by their financial power structure until nothing remained.

Seventh, Financial Destruction and Foreclosure:

Later, through a mortgage arrangement of NTD 9 million involving a house valued at NTD 50 million, financial pressure escalated. Under the control of entities associated with banker Jeffrey Koo Sr., the property was classified as a "non-performing asset" and forcibly auctioned. On August 8, 2009, during Typhoon Morakot, the house was repossessed, leaving Linda Din homeless in the storm.

Eighth, Final Suppression:

Linda Din subsequently lost access to credit cards, bank accounts, and even postal accounts. Meanwhile, an investigation report ordered by Wang Chien-Shien of the Control Yuan was classified as "Confidential until August 16, 2017." It was believed that without resources Linda Din would not survive that long. She was also warned never to mention her invention again, under threat of imprisonment for 7 years.

Fig 24: Confidential Report by Wang Chien-Shien

Linda Din prepared "a four-page color pamphlet" (A4 folded to A5) visualizing the TES architecture, the SRI concept, and its potential global market and social impact. These pamphlets were distributed to APEC delegates so that each economy could study the concept repeatedly. At the time, no other APEC participant prepared such visualized concept pamphlets, making them a unique communication tool for the “TES” vision.

From APEC 1997 to 2009, the color pamphlets we produced were distributed in at least "50,000 copies." Their contents consistently emphasized that TES is a paradigm of "Social Responsibility Investment" (SRI) — a sustainable altruistic undertaking driven by the private sector.

Within these materials, the "New Economy Model" was clearly illustrated through diagrams and structural charts, including the TranSmart chip card and its reading device (TRD or Toller), the design of the eStore, comparisons with traditional transaction models, and market planning. The ultimate purpose was for “Solving Jobless Problem.” In the end, we helped lead the world into the era of TES.

Fig 25: Color pamphlet illustrating a paradigm of SRI

Yet Linda Din, the “Mother of E-Commerce,” who once had the capacity to lend money to banks in order to carry out social responsibility investments, has by 2026, the Year of the Fire Horse, been reduced to surviving the Lunar New Year holiday on “NTD 200, buying only 30 steamed buns.”

This stands in stark contrast to the authoritarian era, when a single act of goodwill could enable successful entrepreneurship, help the Ministry of Economic Affairs promote public policy, and bring hope to APEC economies. The difference between then and now is nothing short of heaven and earth.

The blueprint of administrative plagiarism enabled financial tycoon Jeffrey Koo, along with national-level politicians such as Chen Shui-Bian, Huang De-Rui, Ma Ying-Jeou, Liu Chao-Shiuan, and Yeh Kuang-Shih, to precisely harvest the achievements of SRI.

This was possible because Linda Din, in complete selflessness, had already explained the “TES Golden Network Architecture” in the color pamphlets and in her book The Daughter of a National Defense Employee.

For example, her prediction that the G8 economies could generate a GDP output of "USD 20 trillion" became a powerful greed-driven incentive for the bureaucratic group to launch what could be called a “Nest-destroy Operation,” while simultaneously claiming Linda Din’s inventions as their own political achievements.

The Death of Merrill Lynch

Perhaps the most unfortunate party was "Merrill Lynch," which had known us since APEC 1997. At that time, Merrill Lynch, managing "USD 1.7 trillion" in assets, sent a Singapore team in 2002, led by Vice President Chen Ping, to assist our Panhonic ComMec Incorporation with its NASDAQ listing plan. Back then, they believed that our efforts in building an “Electronic Commerce System” were about to bear fruit.

Fig 26: Letter from Merrill Lynch’s Chen Ping

At the time, we commissioned a team from National Taichung Institute of Technology to conduct an intellectual property valuation. The resulting "IPR Appraisal Report" estimated a value of "USD 23.4 billion."

Fig 27: The Cover of "IPR Appraisal Report"

However, after years of cartel suppression, by 2007 the United States had already begun pilot commercial applications of our invention, and the IP value had risen to the level of "USD 257.1 billion" — which would have become one of the largest IPOs in the history of NASDAQ.

Yet at that moment, a massive financial storm was already forming. Merrill Lynch warned us bluntly: “If your business cannot proceed, we will have to say goodbye.”

Because the Mother of E-Commerce had been frightened into not leaving Taiwan, many matters requiring "notarization" could not be completed. As a result, the "Social Responsibility Investment Presentations" we organized in Silicon Valley with Merrill Lynch became futile efforts.

Eventually, I returned to Taiwan to safeguard Linda Din’s personal safety. Soon afterward, "Merrill Lynch" itself was swept into the "Global Financial Crisis" of 2008 and disappeared from the world stage.

For this reason, the final distress signal from Merrill Lynch before the financial collapse — intercepted by the cartel — remains critically important. The world deserves to know who effectively killed Merrill Lynch.

The Last Chance Before the Financial Storm

By early 2007, anxiety already filled the air on Wall Street. A financial tsunami capable of engulfing global civilization was brewing beneath the surface. Senior bankers at Merrill Lynch were not merely calculating leverage in subprime derivatives. They were searching for a "Ballast Stone" capable of stabilizing the real economy and buffering a collapse of credit.

What they hoped to embrace was “Global Channel-TES,” the very system that had impressed them ten years earlier. Yet the one person they needed most — the inventor, Linda Din — never arrived.

Merrill Lynch saw in the invention patent "US 6,304,796 B1" a lifeboat for the global economy: “A physical financial network capable of linking '36% of global GDP' through cashless transactions while generating hundreds of millions of employment opportunities.”

If Linda Din had been able to go to the United States to sign the required "notarized documents," her company "Panhornic ComMec" could have been listed on Wall Street. Merrill Lynch’s enormous capital would have flowed into real-economy e-commerce infrastructure and micro-entrepreneurship, rather than disappearing into the black hole of speculative debt instruments.

The Cartel’s Brutal “Nest-destroying Operation”

Instead, during those two critical years when the global financial system might have been stabilized, a Taiwanese cartel led by figures including Chen, Ma, Liu, Yeh, and Koo launched its most ruthless campaign.

They imposed administrative confinement on the Mother of E-Commerce, threatened to revoke her citizenship, and fabricated accusations such as “Profiteers Financing the Communist Enemy” and “Economic Crimes” in order to sever her financial lifeline.

Terrified, Linda Din withdrew into a quiet corner of Taiwan, repeatedly saying: “Please don’t harm me anymore.”

At one point she even sought refuge in a religious institute, hoping to escape the persecution.

Across the Pacific, Merrill Lynch’s partners anxiously waited for the notarized documents that required her personal signature. Instead, they received only the cold echo of the Taiwanese bureaucracy’s “nest-destroying operation,” which severed the final connection between Merrill Lynch and the TES global rescue plan.

A Double Tragedy:

In 2008, the century-old institution Merrill Lynch disappeared in the financial tsunami. Meanwhile, during the torrential rains of “Typhoon Morakot” on August 8, 2009, Linda Din watched helplessly as her own house was forcibly auctioned and repossessed by the asset-management company Taiwan Asset Management Corporation.

This was not merely the destruction of the home and life of a compassionate female social entrepreneur. It was also the funeral of a lost opportunity for global financial redemption through digital economic infrastructure.

The world has the right to know:

The 2008 financial crisis, which forced the entire world to pay a devastating price, might have been avoided— "if only the bureaucrats and cartels in Taipei who relentlessly hunted the Mother of E-Commerce, Linda Din, had possessed even a small measure of human conscience."

Conclusion

Even after the “Mother of E-Commerce,” Linda Din, had already secured the passage of the "E-Commerce Bill" from the APEC podium in 1998 — and after her proposals on ICT and IPR at the Brunei APEC (2000) were incorporated into the APEC Leaders’ Declaration in Shanghai (2001) — she continued tirelessly promoting the industry she had invented: the contactless e-commerce ecosystem, TES.

For many years she placed advertisements in "MJW Newsletters" and gave extensive interviews explaining the system in Silicon Valley. She distributed thousands of "Color Pamphlets," circulated the "Science & Future Newsletter," and presented copies of her book "The Daughter of a Defense Employee" to people across Silicon Valley.

Unfortunately, the technology community in Silicon Valley still showed little initiative. Frustrated, she eventually took out her "contact-based Citibank card" and compared it with her "contactless TranSmart chip card," explaining that the TranSmart card represented the true future of the technology industry.

Fig 28: Comparison of Citibank Card and TranSmart Chip Card

Opening her book "The Daughter of a Defense Employee" (2001:167-172), in the chapter “The Origin of the TranSmart Card,” Linda Din explained how our experiments determined the 13.56 MHz operating frequency, solving the "shielding problem" described by Einstein and eventually contributing to the “ISO 14443 and ISO 15693” international standards. She urged the industry to upgrade from the old ISO 7816 contact standard.

The TranSmart contactless sensing card was produced using "pico-scale technology" (1×10⁻¹² m) and was capable of storing "numbers, text, sound, and images." Because of this, it required an image processor. Its operating response time was only 0.002 seconds, enabling the processing of hundreds of millions of transaction records with extreme sensitivity.

Fig 29: TranSmart Card Explained in "The Daughter of a Defense Employee"

To solve the problem of "structural unemployment," Linda Din demonstrated remarkable global capability in sourcing electronic components after inventing the "TES conceptual diagram" in 1986. She contacted manufacturers worldwide — including Siemens and Philips — but no one could assist her.

As a “Gadget Master” who once revived Barbie Doll in a single day, I worked day and night to realize her contactless concept. Finally, in 1989, I completed the diagram of the "RF Transmitter" (Radio Frequency Converter) — which later became the first diagram of the "US6304796B1" —U.S. Patent.

Companies around the world — including Disney — were compelled to adopt this architecture to improve their revenue systems. In essence, the "RF Transmitter architecture diagram" is a work that merges precision science with visionary "artistic design." More than thirty years ago, we had already drawn the "algorithmic blueprint" for modern intelligent living.

Fig 30: RF Transmitter Architecture Diagram

Later, we combined the TranSmart card and its RF Transmitter—collectively called the TRD (or Toller) — into a “Coupler.” We brought this pair to APEC 1997, igniting hope for economic recovery among economies suffering from the Asian Financial Crisis and achieving the first tangible results of Social Responsibility Investment (SRI).

Today, whenever people pass through metro gates or pay at convenience stores, they “rely on this same coupler pair.” Its core principles power the modern cashless system and smart technology ecosystem — forming the operational logic behind wearable devices such as Disney’s MagicBand and the functional architecture of the Apple Watch.

Its “zero-friction” sensing speed also reflects the very objective of modern AI "edge computing": real-time responsiveness. Meanwhile, the TranSmart card’s ability to store "numbers, text, sound, and images" anticipated what is now called "multimodal data integration" in artificial intelligence.

Fig 31: Physical TranSmart Card and TRD Coupler

A rediscovered report from December 1989 in "Commercial Times" and "Economic Daily News" about the RF Transmitter confirms that we were among the "original pioneers of global contactless sensing and cashless payment technology." Even in 2002 — more than a decade later — we still had to explain “the origin of the TranSmart card" to Silicon Valley engineers by showing them our own Citibank card as comparison.

This historical report demonstrates both Linda Din’s technological foresight and her original contributions to global ISO standards. At that time, we had already transformed "RF technology" from a specialized military or high-end communications tool into a general electronic component, enabling what would later create "a universal cashless system" (US20030197061).

The report further proves that before 1989 we were already working to resolve the physical “shielding problem”—a challenge Einstein himself had described but never solved. Our experiments confirmed the feasibility of contactless sensing technology, overcoming electromagnetic shielding caused by metals or dielectric materials. Without this experimental data, later ISO standards would have lacked empirical proof of physical feasibility.

Anticipating the vision of a global “Golden Net,” we recognized the need to break Japanese monopolies and develop competitive markets. Thus we independently created the "Toller" (RF transmitter) — ultimately enabling the vision of “one card usable worldwide.”

Fig 32: 1989 Newspaper Report on the RF Transmitter

Linda Din believed there was one path to achieving a “Wealthy Taiwan”— the advancement of Silicon Valley itself. After a major robbery that struck her Taichung company Panhornic in 2001, the NTD 500 million investment planned for a Taichung Port factory was withdrawn. Nevertheless, Mr. William H. Gates Sr. still recommended "Merrill Lynch" to guide our NASDAQ listing.

Thus, in 2002 we had to establish “Panhornic ComMec Holding” (PCH) in the United States. In order to push Silicon Valley toward industrial upgrading, Linda Din directly compared her own “Citibank card” with the TranSmart card, explaining that "contactless technology represented the future." From the Citibank card we can read the inscription:

“Linda Din Owner / Panhornic ComMec Holding”

This confirms that she was the responsible executive of an American enterprise. During she was invited to be an APEC speaker she clearly stated: “The output value of TES will eventually reach 36% of global GDP.” This prediction was verified during the COVID-19 period.

However, the man entrusted by President Lee Teng-Hui with Taiwan’s APEC responsibilities — ABAC head Jeffrey Koo Sr. — first pretended to seek cooperation after receiving first-hand TES information from the "Mother of E-Commerce" at APEC. He then exploited human greed and colluded with government power to conduct relentless persecution against the American enterprise and the original technology creators.

The financial group he represented — CTBC Financial Holding—may have violated multiple U.S. laws, including:

1) Economic Espionage Act of 1996 (EEA):

If Taiwanese cartel groups illegally obtained or transferred Linda Din’s inventions through administrative manipulation, it may constitute theft of trade secrets from a U.S. company.

2) Foreign Corrupt Practices Act (FCPA):

If CTBC or associated political leaders used bribery or administrative interference to exclude the U.S. company Panhornic from the Taiwanese market—or to obtain derivative benefits from TES systems such as iCash or metro contactless payment — this could trigger investigation by the U.S. Department of Justice.

3) Racketeer Influenced and Corrupt Organizations Act (RICO):

The relay persecution under successive Taiwanese administrations constitutes a pattern of continuing criminal activity and organized misconduct under RICO. If such actions affected international trade, U.S. federal authorities may intervene.

4) Long-Arm Jurisdiction and Financial Sanctions:

Because CTBC and related financial institutions operate branches in the United States and utilize the U.S. dollar clearing system, participation in persecution of a U.S. corporate executive could subject them to financial restrictions or sanctions.

Retrospective of the Persecution of the Mother of E-Commerce

Linda Din displayed exceptional talent in international trade from the moment she married me at age twenty-two. She faced every challenge with courage and attained the achievements.

However, beginning in 2000, Minister of Economic Affairs (MOEA) Lin Hsin-Yi replaced the AIDC chairman who had signed a "Cooperation Agreement" with her, dismissed the director Li Chang-Yi of the SME Administration, and expelled her from the incubation center at the National Chung-Shan Institute of Science and Technology.

After a major robbery, the government even sued her for compensation over the canceled factory investment, forcing her to the United States to prepare for a NASDAQ listing.

Later, when former Chinese leader Jiang Zemin sought to apply "TES in Sichuan as a pilot exercise plan," she was falsely accused of “illegally fundraising to aid communist enemies.” Her planned USD 600 million investment — intended primarily to establish an "ICT control center in Taiwan" — was instead portrayed as an economic crime. During this ordeal, the remaining funds for factory construction were fraudulently taken.

Prosecutor Luo Yung-An repeatedly intimidated her, even summoning professors from Taichung Institute of Technology who had joined the "IPR appraisal team," attempting to fabricate accomplice charges. The Investigation Bureau cut off her professional networks and even obtained bank transaction records to sever financial support.

Under overwhelming pressure, Linda Din began fall down while walking. Then Jeffrey Koo Sr. threatened: “We will not let you live past 2004.”

She suddenly fell ill, her condition so severe that she lost her memory, speech, and cognition all at once. I nursed her back to life over 365 days in 2005, but afterward Huang Derrui, director of the Science Park Administration, enticed her to invest in the "Tungluo Science Park" (TSP) — eventually completing the cartel’s “Nest-destroying Operation.”

The succeeding Ma Ying-Jeou administration claimed the EasyCard as its only achievement — actually, it had been proposed by Linda Din May 24, 1999. Meanwhile, the Control Yuan President Wang Chien-Shien pretended to investigate past persecution but classified the report as "confidential until August 16, 2017," warning Linda Din that mentioning her invention again could lead to seven years in prison.

After a long period of intimidation and rampage, she became “like a frightened bird" — without relatives, without any bank account. A woman who at age thirty could “lend money to banks” eventually found herself wandering the stormy streets during the "Typhoon Morakot disaster," and by the Spring Festival of 2026 was surviving on three steamed buns costing only NTD 20 per day.

Coincidentally, during the persecution period from 2002 to 2012, Panhornic ComMec Holding (PCH) was an American enterprise.

Given that the TES system invented by Linda Din later generated "USD 36 trillion" in annual transaction volume during COVID-19, CTBC Financial Holding — representing the leading force behind the financial persecution — must face the following facts:

1) The inescapable evidence of intellectual origin:

The 1989 media reports prove that the technological source originated from Linda Din and myself, and her SRI blueprint had already envisioned metro systems, ATMs, and intelligent vending machines (VAM, US6304796B1).

2) Moral and legal responsibility for the appropriation of Social Responsibility Investment (SRI):

Our invention aimed to "solve unemployment" and transmit goodwill. The cartel’s exploitation of this system purely for profit betrayed the very model of SRI and directly harmed the legal interests of a U.S. enterprise.

In conclusion, this “Citibank card” stands as powerful evidence that Linda Din, the "Mother of E-Commerce," was the "head of a victimized American company." In future administrative investigations, the fact that her status as a US business owner has been violated through transnational means will elevate this case from internal Taiwanese cartel persecution to a level involving US-Taiwan trade conflict and potential transnational criminal violations.

Peter Li-Chang Kuo, the author created Taiwan's Precision Industry in his early years. Peter was a representative of the APEC CEO Summit and an expert in the third sector. He advocated "anti-corruption (AC)/cashless/e-commerce (E-Com)/ICT/IPR/IIA-TES / Micro-Business (MB)…and etc." to win the international bills and regulations.