General Motors
Isn’t it remarkable to think that General Motors is the largest automaker in the United States? It is an incredibly appealing and lucrative organization due to its size as one of the largest corporations in the sector on a global basis. Despite the fact that Shanghai Automotive Industry Corp. does not own 100% of the company, it is financially dependent on it. In 1998, the two companies formed a joint venture. Customers may be unaware that SAIC sells vehicles under the GM brand. In any case, SAIC and GM are separate companies, with SAIC based in Shanghai and GM in Detroit.
Spotify
We can’t recall a period when we couldn’t listen to our favorite music by just pressing a button. Spotify owes us a huge thanks for making this possible! Listeners can now hear music from the company, which was launched in New York in 2006. Although it began in Sweden, it has subsequently spread throughout the world. Spotify and Tencent Holdings each purchased a 10% share in the other at the end of last year. As a result of the joint venture, Spotify gained access to the Chinese market, while Tencent increased its offerings. Prior to working with them, the streaming service was having difficulty gaining traction in China.