The Waldorf Astoria
This classic Art Deco landmark was designed by architects Schultze and Weaver and completed in 1931, and is considered one of the world’s most prestigious and best known hotels. Up until 2015, it was owned by Conrad Hilton, the famous American hotelier and the founder of the Hilton Hotels chain, who then sold it to then unknown Chinese holding company called Anbang for a hefty price tag of $1.95 billion.
Based in Beijing, the Anbang Insurance Group was founded by Wu Xiaohui in 2004 as a regional car insurance company but would grow to deal with insurance, banking, and financial services, with assets estimated to be over $300 billion today. In 2018, Wu Xiaohui would be jailed for 18 years after he was found guilty of fraud and embezzlement.
The Financial Times has described Anbang as “one of China’s most politically connected companies.” Although a relative newcomer to the American market, they certainly turned heads when they purchased this iconic American hotel. A mystery still remains, however, since the incarceration of their founder, no one outside of China knows who now makes up the leadership of this powerful and influential company.
10 thoughts on “7 US Companies That Are Chinese Owned”
Wow! GE and Motorola plus Walldorf and AMC are big surprises to me!
Wow! GE — non would bigger as a surprise to me vs losing Motorola, Waldrof, and AMC.
Why is the government so worried about Tiktoc? Seems like China owns or controls a very large portion of American commerce. Its true vey little is made in America with American products.
China is A very Dangerous enemy. The land and Companies owned in the U.S.A. and other countries will amaze you. The have a long term plan. Make no mistake… If the United States does not wake up. Our next war will be fighting Scum China. A pathetic communist Country. Trump is here to stop the attack on The United States by scum China. Thank God The Brain dead Biden family is gone baby gone.
Yikes ! ! ! (Has anyone told the President?)
Yikes ! ! !
How totally disgusting that China owns any of us
Many American & European companies located in Hong Kong, China…are owned by British, Urasians & American companies.
Why the brouhaha about Tic Tok when China already owns Motorola? China can already see what we are communicating. Hear all our conversations and know our financial information including back accounts , bank numbers, when we are in dept of out of debt. We communicate our entire lives on Motorola. Police Departments and Government Agencies.
The country that’s sending Fentanyl to the U.S. to kill us and probably stockpiling on the land they purchased now has a way to put it in our food. How special!