5/23/2020 LIST: These American companies are now owned by China?

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LIST: These American companies are now owned by

China?
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by Charlee | October 24

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Talks of the United States and China being pitted against each other over who is number one, who is

bigger, and who is more powerful have been going around for quite a while now. When President.

Donald Trump launched a trade war with China “to fix unfair trade practices”, we saw tensions spike.

What this approach did was bring something clear to everyone that they might never have seen before
— China has become powerful, influential, and extremely wealthy on the other side of the world. To the

point that it can stand up to the US, as it is doing now.

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5/23/2020 LIST: These American companies are now owned by China? - What's on Politics

It wasn’t until recently that it hit hard — China’s influence has grown so big that it could very well be
felt back home. In something more familiar to us, like Hollywood, and recently, the NBA. But what we

might not be aware of is the fact that it’s been there for a while as some of America’s most famous

brands have actually fallen into foreign hands.

Here, we’ve put together a list of some American companies that are no longer able to truly call

themselves American but are bought out by Chinese conglomerates:

1. General Electric (GE)

General Electric appliances have been a household name in the US from refrigerators, air conditioning,

stoves, washer and dryers since 1962, with special thanks to their “Made in America” logo that makes

their products appeal more to Americans.

But, what many may not know, is that while GE appliances are still “Made in American,” the iconic US
brand is already Chinese owned. In 2016, GE was bought by the world’s largest appliance company —

Haier from China for a whopping $5.4 billion, the largest acquisition of a foreign electronics business
in China.

GE Appliances is still headquartered in Louisville, Kentucky, but you know now that its real motherland

is now in Qingdao, China.

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5/23/2020 LIST: These American companies are now owned by China? - What's on Politics

2. AMC Theatres

America’s biggest movie theater chain is sadly not American anymore. AMC was bought out by
Beijing-based Dalian Wanda Group in a $2.6 billion deal in May 2012.

The American cinema operator, who has over 8,200 screens in their 661 cinemas across the US was

acquired by Chinese businessman Wang Jianlin, who reportedly has a penchant for Hollywood.

The Chinese conglomerate also bought Georgia-based motion picture exhibitor Carmike Cinemas for
$1.2 billion.

Reports said that its chairman, Jianlin, also offered to buy a majority stake in American film studio,
Paramount Pictures, but was rejected.

So the next time you visit AMC for a movie, at least you already know.

3. Smithfield Foods

The world’s largest pork producer, Smithfield Foods, was acquired by China’s Shuanghui International
in 2013 from American owners for nearly $4.7 billion, making it one of the biggest purchase of an
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5/23/2020 LIST: These American companies are now owned by China? - What's on Politics

American company by a Chinese firm.

The Virginia-based Smithfield Foods is another icon in American homes for its meat products like its
famous bacon and holiday hams. It also owns brands like Farmland, Healthy Ones, Margherita, Curlys

and Ekrich.

Now this makes me wonder; with China being the US’ no. 3 export market for pork, and the world’s
largest pork producer being a Chinese-owned company, does this mean the $$$ just goes back to

them?

In 2017, the US pork industry shipped $1.1 billion worth of pork to China, making it the third largest
recipient of US pork.

4. Legendary Entertainment Group

Global entertainment company, Legendary — known for hit movies like “Jurassic World,” “Warcraft,”
“Godzilla,” “Pokemon” and “Pacific Rim” is also owned by Chinese company Dalian Wanda, who also

owns AMC.

The Beijing-based conglomerate, owned by Forbes 128th richest person in the world, bought the
movie studio for $3.5 billion in 2016.

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5/23/2020 LIST: These American companies are now owned by China? - What's on Politics

Reports said that initially, parent company Dalian Wanda, wanted to consolidate Legendary into its

own conglomerate but is letting the studio operate independently for now.

5. The Waldorf-Astoria

China’s Anbang Insurance Group purchased the well-known Manhattan hotel, Waldorf-Astoria in New

York City for $1.95 billion.

The Beijing-based holding company also bought US insurer Fidelity & Guaranty Life and attempted to
purchase Starwood Resorts. It lost to American multinational diversified hospitality company Marriott,

however.

6. Strategic Hotels & Resorts

Anabang’s interest in American hotels didn’t stop with its purchase of Waldorf, or when it failed to buy

Starwoods.

In 2016, Anabang bought Blackstone Group’s luxury hotels chain for $6.5 billion making the Chinese

holding company owner of Essex House, Ritz-Carlton hotels in California, the Four Seasons Resort in

Jackson Hole, Wyoming and the Fairmont Scottsdale in Arizona.

The American private equity firm sold the Strategic Hotels & Resorts to the Chinese investor for $450

million more.

In early 2018 though, the Chinese government seized control of Anbang Insurance Group as its

chairman had been prosecuted to curb mega-spending companies in China to crack down on firms

putting China on financial risk.

So I guess the Chinese government owns these properties in America now?

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7. Riot Games

LA-based American game-developer, Riot Games, who created the video game “League of Legends”

sold a billion-dollar franchise to Chinese holding company Tencent, who has an interest in various

internet-related products, services, entertainment, and AI.

In 2011, Tencent bought a majority stake in Riot for $400 million and in 2015 bought the rest of the

company, although the final amount was not disclosed.

Shenzhen-based Tencent, who developed Chinese multi-purpose messaging, social media and mobile

payment app WeChat, also holds investment stakes in American video game holding company

Activision-Blizzard and video-game franchise “Gears of War” creator Epic Games.

8. Sheraton Universal Hotel, Marriott Downtown Los Angeles

Chinese real estate firm, Shenzhen New World Co., Ltd., has purchased the iconic Sheraton Universal
Hotel near Universal City’s studios and theme park in Los Angeles for $60 million in 2011.

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The same Shenzhen-based developer also bought the Marriott Downtown Los Angeles hotel in March

2010 for $90 million with the Chinese firm noting the “great location” of the property and expectation

that “ the hotel business [will] getting better.”

9. Ingram Micro

Ingram Micro may not be as familiar to consumers but this distributor of IT products, is just as

important. Or ever bigger. It distributes Apple iPhones, Cisco network equipment and IBM products,

among others.

But Ingram Micro, based in Irvine, California is now owned by China’s HNA Group, specializing in

aviation and logistics. It was bought out for $6 billion in 2016.

Ingram Micro is No. 64 on the Fortune 500.

10. Motorola Mobility

Google sold Motorola Mobility to Chinese computer maker Lenovo in 2014. Late on, it was
consolidated   to its phone business to go by the brand “Moto.”

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The search giant made $2.9 billion in the deal, and made Lenovo the world’s third-largest smartphone

make at that time.

11. Terex Corp

The Connecticut-based manufacturer of lifting and material handling solutions for industrial,

agricultural and construction purposes, was reportedly bought by China’s largest construction

machinery enterprise, Zoomlion Heavy Industry Science and Technology Co., Ltd. for $5.4 billion in

2016.

12. Teledyne Continental Motors and Mattituck Services

Continental Aerospace Technologies (Continental Motors and Teledyne Mattituck Services) was sold
to Chinese-stated owned Aviation Industry Corporation of China(AVIC) for $186 million.

While the American aircraft engine manufacturer is now owned by the Beijing-based AVIC, who is

ranked 159th in the Fortune Global 500, it remains to be located at the Brookley Aeroplex in Mobile,

Alabama as part of the deal.

Chinese firms also fully-owns Triple H Coal, GM Global Steering, First International Oil, Friede

Goldman United, Woodbine Acquisition, Bank of East Asia (USA).

International Lease Finance Corp, Apptec Laboratory Services, Complete Genomics, Zonare Medical

Systems, ASSA Properties, One Chase Manhattan Plaza, A123 Systems, Mochi Media, Quorum

Systems, Goss International and the PC business of IBM are also owned by China.

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5/23/2020 LIST: These American companies are now owned by China? - What's on Politics

China also has a stake in the ff. American companies:

Morgan Stanley, VISA, Blackstone, Ford, Chesapeake Energy, and in famous American social news

aggregation site Reddit.

Oh, and did I tell you that the most downloaded app in the US in (October 2018) Tiktok is also owned

by a Chinese Internet technology company, Beijing ByteDance?

BBC reported in 2015 that China has an estimated $4 trillion of foreign reserves stashed away in
various foreign investments. The US has been the largest recipient of Chinese money back then.

So the next time you wonder why China has such influence, even in the US, you will already have an

idea why.

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