Snapchat
Original Headquarters: Los Angeles, CA
Purchased By: Tencent Holdings Ltd
Country: China
Taking a picture with a wacky filter has never been more popular thanks to Snapchat. Evan Spiegel and Bobby Murphy established the firm in 2011, but neither expected it to become so successful. Snapchat is currently valued at more than $20 billion. In 2017, Tencent expanded its reach to include Snapchat. The IT behemoth invested almost $2 billion for a 10% interest in the company, aiming to get a handsome return on its investment. Tencent, on the other hand, leveraged its technological prowess to expand the augmented reality features that Snapchat uses.
Snapchat
Ingram Micro
Original Headquarters: Irvine, CA
Purchased By: HNA Technology Co. Ltd
Country: China
Ingram Micro began as a modest technology product distributor in 1979 before growing into a multibillion-dollar company. In the early 1990s, Ingram was in a position to acquire Belgium’s Softinvest. As a result, they were able to distribute Hewlett Packard products, giving them an even stronger presence. Ingram was purchased for $6 billion by Chinese corporation Tianjin Tianhai Investment (part of the HNA Group) in 2016. At the time, the deal made Ingram one of HNA’s top earners across their whole portfolio. It was a smart business decision to help Ingram expand into foreign markets.
Ingram Micro
