American Companies You Didn’t Know Were Owned By Chinese Investors

While you may think the classic American brands you see every day are entirely domestic, many are actually owned by Chinese investors.

The United States is home to many iconic American brands that dominate the global market; However, while these brands may seem All-American, even they have important stakeholders all over the globe. Keep reading to see which U.S. giants are backed by foreign conglomerates.

1. AMC

Popular cinema company AMC, short for American Multi-Cinema, has been around for over a century and is headquartered in Leawood, KS. In 2012, Beijing-based Dalian Wanda Group became the majority stakeholder, giving them the power to make decisions at the executive level. Wanda invested $2.8 billion in the historic deal.

AMC owned by Chinese investorsAs the largest cinema company in the world, AMC is owned by several investors. In 2018, Silver Lake Partners of Menlo Park, CA made an investment of $600 million, giving the company some executive power, but still much less than Wanda.

When asked if they would help AMC while it struggles through the Covid economic crisis,  Wedbush Securities analyst Michael Pachter said:

“They ‘could,’ but it would require cash outflow from China to a foreign business, and Wanda was limited in its ability to further invest by the Chinese government a couple of years ago.”

Thus, AMC will struggle to stay afloat for the indefinite future without help from its Chinese investors.

2. General Motors

SAIC GM owned by Chinese investorsBased in Detroit, Michigan, General Motors is known as America’s largest automobile manufacturer. While the company isn’t owned by a Chinese company, it relies on its partnership with Shanghai Automotive Industry Corp (SAIC) to stay profitable. In 1998, the two auto giants teamed up to form SAIC-GM, a Chinese brand with a 6 million square-foot facility in Shanghai.

While GM is still extremely popular in the U.S., its extra sales in China through SAIC help to bring in revenue regularly.

3. Spotify

Spotify owned by Chinese investors partially

Originally a Swedish company, Spotify now has headquarters in multiple areas across the globe including New York City. While its CEO and founder holds a large percentage of the company, Chinese investor Tencent Holdings Limited LLC bought 10% of the company back in 2017 while Spotify bought 10% of Tencent’s holdings.

At the time, Spotify wasn’t strong enough to make it in the Chinese market and needed some help to break in. This isn’t the only time that Tencent will be featured on this list–they can spot a successful venture from miles away.

4. Snapchat

Snapchat’s founders never could’ve estimated the level of long-term success that the app would achieve. Just last year, the app counted a total of 187 million active users. Although it was created in 2011, it didn’t go public on the New York Stock Exchange until 2017.Snapchat

Unsurprisingly, its shares were incredibly popular–the company sold over 200 million shares at $17 and sold the rest to investors.

Although rival company Facebook offered to buy Snapchat for $4 billion, they opted out. Instead, Tencent Holdings bought a large share of yet another tech giant. The Chinese Investor owns about 14% of Snapchat’s shares.

5. Hilton Hotels

Hilton owned by chinese investorsSince 1919, Hilton has become a household name throughout the U.S. and other countries. In 2016, HNA Group, Chinese aviation and shipping giant, bought a 25% stake for $6.5 billion. This acquisition put two Chinese directors on Hilton’s Board of 10.

HNA has been trying to sell its share for the past two years with no success.

 

6. General Electric Appliance Division

general electricGeneral Electric covers a wide range of industries and their appliance division is manufactured in the USA with global parts (and with domestic parts whenever possible). However, in 2016, Chinese investor Haier bought the company’s appliance division for $5.4 billion.

While all products are still made in America, the ideas are generated in China. It’s quite different from other American brands because GE has been around since 1892.

While investors don’t necessarily affect where a product is made, in many cases, they have a large influence in how a business is run and marketed. It’s dangerous when any large American brand is partially owned by Chinese or other foreign investors because they have greater responsibilities in their homeland. In the case of AMC, the Chinese investors are unlikely to help out during Covid due to domestic obligations.

15 Comments
  1. Thank you for this article as I am committed to products Made in America vs supporting the Chinese. Especially now with the current state of our country.

  2. I would like to find a way to quickly find out if a product is entirely made in America other than reading the label because that is not always entirely true. I don’t want to buy ANYTHING that has any connections to communist china, period! For instance, the Fire Marshall told me, when my friends condo caught fire from a faulty power strip running her aquarium that though it was stamped USA it was not, they forge the stamps like the UL inspected and made in USA.I think Belkin power strips are (and expensive) It is difficult to find things only made here. Also the products that are made here usually cost a lot more. I would rather buy all and only made in America but do buy some things made elsewhere, just not china. For instance; list of cars entirely made here or in friendly allied countries partly. or appliances , the same. at least the larger, more expensive items. I also want to mention the Heinz company is bad. The products are often made by child labor!

    • I only want to buy in america made oroducts too. No china for me. Patriots Trump 2020 Best president ever.

    • Very few products are 100% made in America. Even the US laws are written so that a product can have the vaunted ‘Made in the USA’ label so long as at least 78% of the product is sourced in the US. Virtually every product that uses electronics has at least some Chinese, Japanese, German or other components. Then you have the issue where US-based companies are owned by companies located in other countries. General Electric is a prime example as they are owned by a Chinese company.
      Belkin products are actually made in China. And Kraft Heinz does NOT use child labor. They do not explicitly define in corporate documentation that such labor is outlawed, but there is absolutely zero proof anywhere on the planet that they use such labor. The closest they come to child labor is the remote possibility that suppliers might – MIGHT – use child labor.

    • I wholeheartedly agree with you. Stay vigilant!

  3. I too am fed up with products made in China. I recently bought a GE washer and dryer. They are both crap. I tried to return them to Home Depot but was told that I had 48 hours to return them. I told them I had them only a month, but no dice. I wrote to the CEO of Ge, no answer yet. Biden will take care of things for good. He’s in bed with the Chinese and he’s gonna do whatever they want.
    Good bye to American made products. Did you know that the Chinese now own Springfield Foods, the largest pork producers and processors in the world. And American cititzens will now be working for the Chinese. The Chinese are mining for coal in the mountains of Tennn. Guizhan Gwochuuang Energy Holding group spent 616 million to acquire Triple H Coal Co. in Jacksboro, Tenn. And there are many more. The Chinese acquisition of US and Canadian businesses set a new all time record last year.

  4. I agree with miss Lane. If we are going to keep America great we need to support all American made products. Do your research, they do exists. I am retired general motors employee and recently purchased a Honda CRV. I know most of the money goes back to Japan but the auto is made in America by American workers. Unlike most of GM cars. Why would I want to remain loyal to a company I worked for when they shift all there work overseas? I try very hard to not bye anything made by a communist country, especially China.

  5. I agree, another company will always be loyal to there culture and native country. These are business deals only. In the 90s GM became reliant on China to make profit since otherwise they may go under. Look how many brands they cut. AMC entertainment on the other hand relies on ticket sales and seats in theaters. This was evident during the pandemic shutdown. Since our markets and economies are more globally connected we can no longer just look at the markets in one perspective now. The novice to dull time investor needs to more educated saavy.

  6. I agree wholeheartedly with you!! I always watch for “assembled in the USA.” It’s really aggravating. I have been contacting companies and asking them point blank where the item is made. Recently, I had trouble getting an item shipped as promised. I called them and the girl offered me a 20% discount if I wouldn’t cancel the order, so I asked her where the item was coming from. When she told me Hong Kong, I immediately canceled the order and told her I want NOTHING from China. Still watching for the refund on my credit card.

  7. I guess nothing is really made in America anymore this is a shame

  8. I don’t think there is a damn thing as a whole in this country that’s made either in China or some other country it’s a shame how the politicians sold this country out the men and women who fought for this country that died in combat are turning over in there graves I feel for them and their families I know I was almost one of them

  9. Lol at all the previous comments. Seem like they were written by a couple of old farts. Crazy how people don’t realize you get what you pay for. To put it simply the less you pay the cheaper the quality. Its funny to say you don’t want things “Made in China” but yet using a Iphone lol.

  10. Ask your polotitions why did are government allow american companies to leave america go to a communist country ,after we faught two wars in two different countries ,close to 200,000 americans dead fighting communism. but now today 3.7 million manufacturing american jobs are in communist china ,really why?, both parties have excepted this bull shit ideology, and one party doesn’t agree one another they call each other Communist sappoters, what? Really

  11. Milwaukee tools is another. I only buy DeWalt, Stanley, Black & Decker and Dremel.

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