CHINA OWNS MANY "US" COMPANIES.
After scrolling through a few dozen of them, here, so you will understand what's happening, you will realize that Chinese companies don't want US dollars. They want credit cards.
Next, you'll see information on how China is moving swiftly to completely control its citizens' access to credit, with NO CASH INVOLVED. China's "social credit card" system involves incentives for "good behavior" the givernment likes, with many punishments for the disobedient, ranging from those who adhere to religions, to those who don't walk their dogs properly.
CHINA IN AMERICAN BUSINESS – THE GROWING PRESSURE TO USE CREDIT CARDS (funds to China) INSTEAD OF CASH (US dollars):
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General Electric
Headquarters: Boston, Mass.
Bought By: Haier, 2016
Headquarters: Qingdao, China
General Electric may have started out as a relatively small brandwhen it was founded in 1892, but the company has grown exponentially since then. Now, GE has its fingers in a lot of pies, from aviation and healthcare to power and venture capital. It’s a titan.
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AMC
Headquarters: Leawood, Kansas
Bought By: Dalian Wanda Group
Headquarters: Beijing, China
AMC cinemas have been around for 100 years, providing movie lovers with a wonderful, relaxing experience watching the latest blockbuster hits. AMC is prolific for many reasons, not least because it’s the largest movie theatre chain in the world.
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Smithfield Foods
Headquarters: Smithfield, Virginia
Bought By: WH Group
Headquarters: Hong Kong
When it comes to producing pork-based products, Smithfield Foods reigns supreme. The company has been going since 1936 when it was created by Joseph W. Luter and his son. The business grew steadily over the years to become one of the largest in the industry, with over 500 farms in America alone.
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The Waldorf-Astoria Hotel
Headquarters: McLean, Virginia
Bought By: Anbang Insurance Group
Headquarters: Beijing, China
If you’re making a trip to New York, staying at the Waldorf-Astoria is a true taste of luxury. Not only is it an institution, but it’s also a part of American history. While the company is managed by Hilton Worldwide, it was bought by the Anbang Insurance Group of China in 2014 for $1.95 billion.
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IBM: Personal Computer Divison
Back in 2005, announced that its Personal Computer Division had been acquired by Lenovo, who paid $1.25 billion for the pleasure.
Headquarters: Armonk, New York
Bought By: Lenovo
Headquarters: Quarry Bay, Hong Kong
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General Motors
Headquarters: Detroit, Michigan
Bought By: Shanghai Automotive Industry Corp
Headquarters: Shanghai, China
General Motors holds the distinction of being America’s largest automobile manufacturer.
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SPOTIFY, TESLA and SNAPCHAT
SPOTIFY: Started out in Sweden.
Headquarters: Luxembourg, Stockholm, and NYC
Bought By: Tencent Holdings Ltd
Headquarters: Shenzhen, China
Spotify is such a part of everyday life now that it’s difficult to remember a time when we couldn’t listen to the songs we want at the drop of a hat.
TESLA:
Headquarters: Palo Alto, California
Bought By: Tencent Holdings Ltd
Headquarters: Shenzhen, China
Elon Musk might be the brains behind Tesla and the majority shareholder with 21.7%, but he isn’t the only one pumping money into the automotive company. There are plenty of shareholders, including Tencent Holdings Ltd. Tencent isn’t just into music, but a variety of things.
Tesla ©Hadrian / Shutterstoc.com Tesla ©Hadrian / Shutterstoc.com
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Snapchat
Headquarters: Venice, Los Angeles
Bought By: Tencent Holdings Ltd
Headquarters: Shenzhen, China
Taking a picture with a silly filter has never been so popular thanks to Snapchat. The company was founded by Evan Spiegel and Bobby Murphy in 2011, but neither one would have realized how popular it would become. At the moment, Snapchat is valued at over $20 billion.
Tencent is the world’s largest video game company and one of the largest social media companies, making it a force to be reckoned with. In 2019, it had a net income of $95.8 billion
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Microsoft Corp's first phone business:
Headquarters: Redmond, Washington
Bought By: FIH Mobile Ltd, HMD Global
Headquarters: Tucheng District, New Taipei
Today, Microsoft Corp is a gargantuan business with several different focuses. However, back in 2016, the company decided to ditch the entry-level feature phone side of its production to FIH Mobile Ltd. The deal brought in $350 million, which is still a relatively small change to Microsoft.