You Are Mistaken If You Believe These Companies Are Still American

Published on 10/05/2021
ADVERTISEMENT

WeWork

Shared workspaces have been increasingly popular in recent years, as we’re sure you’ve observed. Freelancers and start-ups love this set-up. When WeWork first opened its doors a decade ago, it took advantage of this. It’s presently in charge of 4 million square meters! On the other hand, in 2016, it hit a hard patch and required additional funding. Legend Holdings Corp., based in Beijing, became a “new partner” and invested around $430 million in the company at that time. This investment is both strategic and apparent for us,” says John Zhao, chairman and CEO of Legend Holdings Corp.

WeWork

WeWork

ADVERTISEMENT

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. It has been demonstrated in real life by Segway Inc. In 2015, Ninebot, a Beijing-based business, 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 footing in the IT and robotics industries. After announcing plans to shift its manufacturing sector to China in 2018, the firm moved its headquarters to New Hampshire in 2019. However, it went back to saying that Bedford would continue to be the site of the majority of production.

Segway Inc

Segway Inc

ADVERTISEMENT