New Delhi: Amid the current border dispute between India and China, concern has grown over Chinese products and brands.
Despite their enormous popularity in India, many would be surprised to learn that some of these best-selling brands are actually Chinese-owned.
Here is a list of 5 popular apps and brands that have a Chinese stake or are owned by Chinese companies
Motorola
In 2014, Lenovo Group of China closed the acquisition of Google Inc’s Motorola phone unit paying $ 2.91 billion. Google had acquired the iconic smartphone brand and its prized portfolio of patents in 2012 for $ 12.5 billion, although under the agreement with Lenovo, the search engine giant is believed to have retained a significant portion of Motorola’s patents. .
PUBG mobile
The answer to this question is not very clear. PlayerUnknown’s Battlegrounds, popularly known as PUBG, is a multiplayer game created by the South Korean video game company, a subsidiary of Bluehole, PUBG Corporation. However, for PUBG MOBILE, which is not made by the same Bluehole subsidiary, China’s Tencent Games has a 1.5 percent stake. So while PUBG is a game developed by South Korea, PUBG Mobile has a Chinese shareholder.
It should be noted here that in September 2020, the South Korean game company said that China’s Tencent Games will no longer be authorized to distribute the PUBG MOBILE franchise in India. The development came after India banned 118 apps, including PUBG MOBILE in the country.
MG engine
(Image courtesy: Pixabay)
MG Motors has made its foray into the Indian automobile market. MG Motor is a subsidiary of SAIC Motor UK, actually owned by the Chinese state-owned SAIC Motor.
GE Electric Appliances
Chinese home appliance company Haier acquired General Electric’s home appliance division in 2019. The deal gave Haier ownership of a century-old company that manufactures refrigerators, freezers, washers and clothes dryers.
Riot Games
If you are a gamer, you will obviously know Riot Games. Even those who aren’t gamers would also be aware of the popular League of Legends, yet another very popular name in the video game world. The Chinese company Tencent now owns riots, all that. Chinese internet company Tencent Holdings acquired a majority stake in Riot Games in 2011.
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