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32 famous Western brands bought by the Chinese

Lovemoney Logo By lovemoney staff of Lovemoney | Cash-rich Chinese buyers have been busily snapping up Western brands for quite some time now, and 2016 has seen a record $200 billion (£161bn) worth of deals. Chinese businesses benefit from the recognition and prestige these iconic brands enjoy, not to mention the technology and distribution channels developed by their parent companies. Here are 30 well-known Western brands you might not have known are now majority- or wholly-owned by the Chinese.

China's mega spending spree

Cash-rich Chinese buyers have been busily snapping up Western brands for quite some time now, and 2016 has seen a record $200 billion (£161bn) worth of deals. Chinese businesses benefit from the recognition and prestige these iconic brands enjoy, not to mention the technology and distribution channels developed by their parent companies. Here are 30 well-known Western brands you might not have known are now majority- or wholly-owned by the Chinese.
© Ken Wolter/Shutterstock

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