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

Image By Chris Yunker From commons.wikimedia.org

Riot Games

Chinese investors wouldn’t just be dipping their toes into Hollywood’s waters, the ever expanding video game industry would see Chinese money swim their way. The rise of eSports and computer games in general over the last decade had come in no small part due to the popularity of games like League of Legends. Its creator, Riot Games, would start life as an independent game developer but that independence would be lost in 2011 when Chinese holding company Tencent came knocking.

It cannot be denied that the multiplayer online battle arena game League of Legends is a huge property, released on October 27, 2009, it has morphed into a brand with merchandise, toys, accessories, and all manner of apparel.

Tencent Holdings Ltd, which was founded in 1998, saw the potential profits that could be made owning this world conquering game, so, they would pay an initial $400 million for a majority of Riot Games before buying the company outright in 2015 for an as yet unknown sum.

Much like with the Dalian Wanda Group’s acquisition of the AMC theater chain and the Legendary Entertainment Group, Tencent would not just rest with owning Riot Games. They also hold large stakes in Activision-Blizzard, who created the mammoth successes Call of Duty and World of Warcraft to name a few.

They also have a 48.4% stake in Epic Games who created the hugely popular Fornite and Gears of War.

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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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