7 U.S. Companies You Didn’t Know Were Owned By China

Image By Alan Light From commons.wikimedia.org

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.

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9 thoughts on “7 U.S. Companies You Didn’t Know Were Owned By China”

  1. Back in the early 1970’s I was working for a local variety store chain as a receiving clerk in Tacoma Washington. At that time we were getting coupon book ad shipments from China in shipping containers. I know from personal experience that China has been using the United States for many years now. (November 2021)

  2. Barbara A Perkins

    This is crazy, China will just walk right into America and take over without a shot. We have a lame brain President who is in bed with China. He and his son owe china BIG TIME. We are in a country that is on the downslide, thanks to Biden. People need to get back to church and God and start standing up against this regime that is destroying out wonderful nation. The press gives Biden a pass every time he messes up, what a joke. Trump was a ten times better President. Our Republicans better start standing up for the American people or we will definitely be a Communist Nation. Nancy Pelosi, Chuck Schumer, AOC, etc. all have to go, including the idiot Cheyney and Romney, both of them are communists.

    1. You are a Republican shill. You only care about your Orange Dictator. He spews lies and you repeat them. Get lost. We are alive and well and coming after him! He will have a jump suit to match his hair color.

  3. More stupidity by greed driven U.S. Corporations who sell their souls, & ours, to our enemies for a few pieces of silver. The U.S. politicians also, who approve this treason, think ahead two to five years whereas the Chinese plan one hundred to five hundred years ahead to achieve their world domination.

  4. Downside because of Biden ? The whole country went down in 10 months ?
    Donny Bonespurs loves these authoritarian leaders.
    If Bunkerboy or somebody like him (Desantis) gets elected you’ll never have another presidential election again.

  5. This is very scary. We as a country are being “hoist on our own petard” as they used to say. It meant blown up by our own bomb. Pretty close to what’s happening in they rest of our “currently” free country. Our open society and first Amendment have permitted this to happen. If we do not change our policy at the highest level it will continue and the United States will no longer exist as we know it.

  6. If you remember, the last thing done by president Richard Nixon before he quit in order to avoid impeachment, was to fly to China to sign a trade agreement
    Our country has been on the sorry end of that agreement ever since. This was done to destroy the American worker unions and enhance corporate profits by using cheap Chinese labor. I avoid buying anything made in China, which in many cases is difficult to do.

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