General Motors
Did you know that General Motors holds the title of the largest automobile manufacturer in the United States? It is one of the largest companies in the industry in the whole world, so it is a very appealing and profitable business. Even though it is not completely owned by Shanghai Automotive Industry Corp, it still relies on the Chinese company to keep money coming in. The two companies started a joint venture back in 1998. Customers might not know it, but SAIC sells cars by using the General Motors name. At any rate, they are two separate companies as the SAIC HQ is in Shanghai, whereas the GM one is in Detroit.
General Motors
Spotify
At this point in time, it is hard for us to imagine a time when we could not listen to our favorite songs with just the click of a button. We are so thankful that Spotify has made this possible! The New York-based company was founded in 2006 and became known for providing listeners the ability to stream music. While it has Swedish origins, it has traveled to many other countries since then. In 2017, Spotify and Tencent Holdings purchased a 10% stake in each other. The joint venture had been effective at helping Spotify enter the Chinese market and letting Tencent expand its portfolio even more. Before they teamed up for this, the streaming company struggled to grow its presence in the Chinese market.
Spotify
