General Motors
Original Headquarters: Detroit, MI
Purchased By: Shanghai Automotive Industry Corp
Country: China
General Motors is America’s largest vehicle manufacturer. As a result, it is one of the world’s largest firms in its field, making it both profitable and appealing. While General Motors is not wholly controlled by a Chinese business, it does rely on a collaboration with Shanghai Automotive Industry Corp to keep the cash flowing. Both companies created a joint venture in 1998. SAIC sells firms under the General Motors name, even if customers are unaware of it. SAIC has its headquarters in Shanghai, whereas GM’s is in Detroit.
General Motors
Spotify
Original Headquarters: New York, NY
Purchased By: Tencent Holdings Ltd
Country: China
Spotify has become such an integral part of our daily lives that it is impossible to recall a period when we couldn’t listen to the songs we wanted at any time. The startup was created in 2006, offering consumers the ability to stream their favorite music. Spotify originated in Sweden, but has traveled extensively since then. Tencent Holdings and Spotify both purchased around 10% of each other’s stock in 2017. This collaboration helped Spotify get into the Chinese market, while Tencent increased its already vast portfolio. It was a convenient arrangement for Spotify, which was not yet powerful enough to enter the Chinese market on its own.
Spotify
