General Electric Appliances
There are few more iconic American companies than General Electric and the GE Appliances division of the company has been providing American homes with stoves, refrigerators, washers and dryers since 1907. This would drastically change in June 2016 when China would make its largest acquisition of an overseas electronics business when it bought a 90% controlling stake in the company.
That 90% stake would cost Chinese multinational home appliances and consumer electronics company Qingdao Haier a staggering $5.4 billion, part of that deal allowing them the rights to use the GE brand name until 2056. But Qingdao Haier was not just some new kids on the block with some money to spend. They have been the number one brand globally in major appliances for 10 consecutive years from 2009–2018.
In 2015, Haier began investigating how to integrate smart home technology into their appliances. Due to their inexperience in this field, they would partner with consumer electronics company IngDan, a subsidiary of the Cogobuy Group, the largest e-Commerce platform for corporate procurement of electronic components in China.
However, Haier already had a shaky past when it came to the installation of software in their products when in 2014, German media outlets were openly accusing them of delivering smartphones and tablets with pre-installed malware.
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!