Thought These Companies Are Still American? You Are Wrong, Find Out Here

Published on 10/02/2021
ADVERTISEMENT

Universal Music Group

A record deal with Universal Music Group would be a dream come true for every aspiring musician. Along with Warner Music Group and Sony Music, it is one of the “Big Three” record labels. UMG has been in the music business for almost a century. It has aided in the development of many domestic musicians, although it is no longer an exclusively American enterprise. For more than a decade, Vivendi, a French business, had the majority of the stock, but in 2020, it was sold to Tencent. The Shenzhen-based corporation paid $33.4 billion for a 10% stake in the record label.

Universal Music Group

Universal Music Group

ADVERTISEMENT

WeWork

We’re sure you’ve seen the increase in shared workplaces in recent years. For freelancers and entrepreneurs, this structure is highly appealing. When WeWork first opened its doors a decade ago, it took advantage of this. It currently handles almost 4 million square meters of space! However, it hit a difficult patch in 2016 and required further funding. That’s when Legend Holdings Corp., located in Beijing, became a “new partner” and invested more than $430 million in the firm. Legend Holdings Corp. CEO John Zhao even went so far as to declare, “Our investment in WeWork is both strategic and apparent.”

WeWork

WeWork

ADVERTISEMENT