Not All American Corporations Are Domestically Owned and Operated
Some of the most iconic American companies are actually owned and operated by foreign investors. Here is a handful of some of the most surprising American corporations that are backed by investors and organizations from all corners of the world.
Launched in 1892, General Electric has been an American mainstay for over a century. However, the appliance arm of the mammoth corporation was purchased by Chinese-owned Haier in 2016.
The Cleveland Cavaliers are one of the most popular NBA teams in the world. While most people associate the Cavs with their former superstar leader LeBron James, the team is partly owned by Chinese investor Jianhua Huang.
What could be more American than the American Multi-Cinema (AMC) company? While the name itself suggests a domestic company, AMC is actually majority-owned by the Dalian Walian Group, a company from China.
Although Smithfield Foods was originally founded in Smithfield, Virginia, in 1936, the company is now a Chinese-held entity. Best known for its wide array of pork products, Smithfield Foods was purchased by the Chinese company WH Group in 2013 at a price tag of $4.72 billion.
Movie production company Lionsgate is now partly owned by the Chinese. Twenty-five percent of Lionsgate was purchased by Hunan TV in 2015 at a price tag of $375 million.
The premium Waldorf Astoria hotel chain is synonymous with American luxury. After going through a tough financial patch in 2014, the company was sold to Beijing company Anbang Insurance Group. With a price of $1.95 billion, it was the most expensive hotel sale in history.