The list might shock you. Look at the number of American companies that Hong Kong and Chinese investors have bought out:
Dirt Devil, with original headquarters in Cleveland, Ohio, was purchased by Hong Kong's Techtronic Industries in 2003.
Hoover Company, with headquarters in Charlotte, North Carolina, was purchased by Hong Kong's Techtronic Industries in 2007.
Smithfield Foods, with headquarters in Smithfield, Virginia, was purchased by China's Shuanghi Group (now known as WH Group) in 2013.
Forbes, with original headquarters in Manhattan, New York, 51 percent majority stock was purchased by Hong Kong's Integrated Whale Media in 2014.
Motorola Mobility, with headquarters in Chicago, Illinois, was purchased by the China's Lenovo in 2014.
Segway Inc., headquartered in Bedford, New Hampshire, was purchased by China's Ninebot Inc. in 2015.
GE Appliances, with headquarters in Louisville, Kentucky, was purchased from General Electric by the Chinese company Haier in 2016.
Legendary Pictures Productions, with headquarters in Burbank, California, was purchased by China's Wanda Group in 2016.
Strategic Hotel Resorts (with properties including four Four Seasons Hotels and two Ritz Carltons), headquartered in New York, New York, was purchased by China's Anbang Insurance Group in 2016. Anbang went out of business in 2020 and was succeeded by China's Dajai Insurance Group.
Snap Inc. (Snapchat), with headquarters in Santa Monica, California, had a 12 percent stake purchased by China's Tencent Holdings in 2017.
Universal Music Group, headquartered in Santa Monica, California, had shares purchased by China's Tencent Holdings in 2020.
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