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

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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.

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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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