Don’t Be Fooled By These Companies, They Were Not Owned By Americans Anymore

Published on 10/27/2021
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WeWork

Shared workspaces have become increasingly popular in recent years, as we’re sure you’ve noticed. Freelancers and small businesses alike will find this setup appealing. Since its inception a decade ago, WeWork has taken advantage of this. It’s now in charge of 4 million square meters! On the other hand, in 2016, it hit a rough patch and required additional funding. Legend Holdings Corp., based in Beijing, became a “new partner” and invested over $430 million in the company at that time. This investment is both strategic and obvious for us,” says Legend Holdings Corp.’s John Zhao.

WeWork

WeWork

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Segway Inc

People used to think that zipping around on two wheels was something out of a science fiction movie until the last few decades. Our friends at Segway Inc. have shown us that this is possible in the real world as well. In 2015, Ninebot, a Beijing-based company, paid $80 million for the transportation company. Since then, Segway’s fortunes have only improved as the Chinese company has helped the company gain a stronger foothold in the tech and robotics industries. The company announced in 2018 that it planned to relocate its New Hampshire manufacturing sector to China. The majority of production would, however, remain in Bedford, as originally stated.

Segway Inc

Segway Inc

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