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

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Legendary Entertainment Group

The American film production and mass media company Legendary has produced 53 feature films in it’s lifetime, many of which we are very familiar with. From Christopher Nolan’s epic and critically acclaimed Batman trilogy to the continuation of the Jurassic Park franchise, with just those 5 movies netting them almost $4 billion in box office ticket sales.

It would come as no surprise then that many investors would wish to get a piece of the action not just on the screen but off it. On January 11, 2016, such an investor would come knocking and it would be the Dalian Wanda Group and its Hollywood fan Wang Jianlin once again.

Having already shelled out $2.6 billion for the movie theater chain AMC just four years earlier, the Chinese group would spend an astonishing $3.5 billion to buy Legendary, this acquisition would make it the largest of an American media company by a Chinese firm.

In 2017, and onto their third CEO in just one year, Wanda chairman Jianlin would announce that Legendary would “actively respond to the call of the country”. It’s widely believed that this turn towards the Chinese domestic market was a direct result of the Chinese Communist Party refused to allow Chinese banks to give loans to the Wanda Group to fund any offshore projects.

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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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