On the surface, No Cold War is a loose collective run mostly by American and British activists who say the West’s rhetoric against China has distracted from issues like climate change and racial injustice.

In fact, a New York Times investigation found, it is part of a lavishly funded influence campaign that defends China and pushes its propaganda. At the center is a charismatic American millionaire, Neville Roy Singham, who is known as a socialist benefactor of far-left causes.

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Mr. Singham says he does not work at the direction of the Chinese government. But the line between him and the propaganda apparatus is so blurry that he shares office space — and his groups share staff members — with a company whose goal is to educate foreigners about “the miracles that China has created on the world stage.”