Companies That We Believed To Be American, But They Are Really Not!

Published on 10/05/2021
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WeWork

As you’re probably aware, shared workplaces have grown in popularity in recent years. This arrangement is ideal for freelancers and start-ups. WeWork capitalized on this when it opened its doors a decade ago. It is currently responsible for 4 million square meters! On the other side, it encountered a funding crunch in 2016 and required additional funding. Legend Holdings Corp., based in Beijing, joined the corporation as a “new partner” and contributed approximately $430 million at the time. This investment is both strategic and obvious for us,” says Legend Holdings Corp. Chairman and CEO John Zhao.

WeWork

WeWork

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Segway Inc

Until the previous several decades, people believed that zipping around on two wheels was something out of a science fiction film. Segway Inc. has proved it in real life. In 2015, Ninebot, a Beijing-based corporation, acquired the transportation company for $80 million. Segway’s prospects have only increased since then, as the Chinese corporation has aided the company in establishing a deeper foothold in the information technology and robotics industries. Following an announcement in 2018 that it would relocate its production operations to China, the company relocated its headquarters to New Hampshire in 2019. However, it reiterated that the majority of production would continue to take place in Bedford.

Segway Inc

Segway Inc

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