Sotheby’s
A Chinese life insurance firm has an interest in a luxury art broker, which may surprise you. Sotheby’s was founded in London in 1744. However, it ultimately established a store in New York City before expanding to other cities across the world. Taikang Life Insurance Co. Ltd., a Chinese business, was announced as the new majority stakeholder of Sotheby’s in 2016. It remained that way until Patrick Drahi, a French-Israeli billionaire, purchased Sotheby’s in 2019. However, the status of the Chinese insurance group’s 13.5 percent investment in the firm is unknown.
Sotheby’s
The Barclays Center
The famous Barclays Center will be known to any sports enthusiast or music aficionado. Joseph Tsai, a Taiwanese-Canadian business mogul, completed the purchase of this famous venue in 2019. Aside from that, the Alibaba Group chairman bought the NBA’s Brooklyn Nets. Tsai remarked at the time, “With full ownership of the Nets and Barclays Center, we will continue to offer our entertaining style of basketball to our fans.” “We’ve made a significant commitment to Brooklyn,” he continued, “and it will be a joy to offer the finest of Barclays Center to our community with its outstanding entertainment.”
The Barclays Center