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Chinese companies invest big in US
By Liu Qiang
September 22, 2015
Chinese investment in the United States has surged over the past few years as economic and trade cooperation between the world's two largest economies is steadily increasing.
The logo of Alibaba.com. [Xinhua photo]
Alibaba, China's biggest e-commerce company, is one of the many Chinese conglomerates that have invested heavily in a variety of industries in America. The company has bought about 4.8 million Zulily Class A shares at a cost of around $56 million. Zulily is a Seattle-based retailer that primarily sells clothing, toys and other items for kids. Alibaba.com acquired the American e-commerce service provider Vendio Services Inc. in 2010 and led a $206 million investment in the retail website ShopRunner in 2013. It is also reported that Alibaba has invested in Jet.com, an Amazon competitor.
Ma Huateng, Chairman of Tencent Group. [file photo]
Chinese Internet company Tencent bought a 20 percent stake in U.S. mobile-games startup Pocket Gems at a cost of $60 million in 2015. Two years ago, the company paid $330 million for 48.4 percent of Epic Games. The company also bought out Los Angeles-based Riot Games in 2011.
The logo of Baidu. [file photo]
Baidu, China's leading search engine, paid $600 million for a stake in the online taxi service Uber in 2014.
The logo of ENN Energy Group. [file photo]
China's ENN Energy Group has invested approximately $5 billion in Nevada to build a solar power plant, a solar panel factory and an "eco-community."
Photo shows Wanxiang Group's headquarters in America. [file photo]
China's largest auto parts maker, Wanxiang Group, has 28 factories in 14 states with 6,500 employees. The company has purchased nearly 30 auto parts firms, including Universal Automotive Industries, in Illinois, Michigan and Missouri.
Photo shows workers are busy at a Shuanghui factory in central China's Anhui province. [photo / anhuinews.com]
Chinese company Shuanghui acquired Smithfield Foods, America's largest pork producer, two years ago.
Photo shows a Yili factory in China. [file photo]
China's Yili Industrial Group joined hands with the Dairy Farmers of America (DFA) to build America's largest dairy plant in Kansas.
The logo of Tianjin Pipe (Group) Corporation. [file photo]
The Tianjin Pipe (Group) Corporation has invested over $1 billion to build a seamless steel pipe manufacturing factory in Gregory, Texas.
By Liu Qiang
September 22, 2015
Chinese investment in the United States has surged over the past few years as economic and trade cooperation between the world's two largest economies is steadily increasing.
The logo of Alibaba.com. [Xinhua photo]
Alibaba, China's biggest e-commerce company, is one of the many Chinese conglomerates that have invested heavily in a variety of industries in America. The company has bought about 4.8 million Zulily Class A shares at a cost of around $56 million. Zulily is a Seattle-based retailer that primarily sells clothing, toys and other items for kids. Alibaba.com acquired the American e-commerce service provider Vendio Services Inc. in 2010 and led a $206 million investment in the retail website ShopRunner in 2013. It is also reported that Alibaba has invested in Jet.com, an Amazon competitor.
Ma Huateng, Chairman of Tencent Group. [file photo]
Chinese Internet company Tencent bought a 20 percent stake in U.S. mobile-games startup Pocket Gems at a cost of $60 million in 2015. Two years ago, the company paid $330 million for 48.4 percent of Epic Games. The company also bought out Los Angeles-based Riot Games in 2011.
The logo of Baidu. [file photo]
Baidu, China's leading search engine, paid $600 million for a stake in the online taxi service Uber in 2014.
The logo of ENN Energy Group. [file photo]
China's ENN Energy Group has invested approximately $5 billion in Nevada to build a solar power plant, a solar panel factory and an "eco-community."
Photo shows Wanxiang Group's headquarters in America. [file photo]
China's largest auto parts maker, Wanxiang Group, has 28 factories in 14 states with 6,500 employees. The company has purchased nearly 30 auto parts firms, including Universal Automotive Industries, in Illinois, Michigan and Missouri.
Photo shows workers are busy at a Shuanghui factory in central China's Anhui province. [photo / anhuinews.com]
Chinese company Shuanghui acquired Smithfield Foods, America's largest pork producer, two years ago.
Photo shows a Yili factory in China. [file photo]
China's Yili Industrial Group joined hands with the Dairy Farmers of America (DFA) to build America's largest dairy plant in Kansas.
The logo of Tianjin Pipe (Group) Corporation. [file photo]
The Tianjin Pipe (Group) Corporation has invested over $1 billion to build a seamless steel pipe manufacturing factory in Gregory, Texas.