Sotheby’s
A Chinese life insurance company was interested in buying a stake in a luxury art broker, which may surprise you. Sotheby’s has been in operation since 1744 when it was founded in London. It did, however, open a store in New York City. It grew from there, opening new locations all over the world.
Sotheby’s
Taikang Life Insurance Co. Ltd., a Chinese company, announced in 2016 that it had paid $1 billion for a majority stake in Sotheby’s auction house. Sotheby’s remained in this state until it was purchased in 2019 by a French-Israeli businessman named Patrick Drahi. However, we don’t know what will happen to a Chinese insurance group’s 13.5 percent stake in the company.
The Barclays Center
Every sports fan or music fan who has ever visited the city is familiar with the magnificent Barclays Center. Joseph Tsai, a Taiwanese-Canadian business billionaire, completed the purchase of this iconic theater in 2019. Aside from that, the Alibaba Group’s chairman has purchased the NBA’s Brooklyn Nets.
The Barclays Center
Tsai stated at the time, “With full ownership of the Nets and Barclays Center, we will continue to provide our entertaining style of basketball to our fans.” He continued, “We’ve made a significant commitment to Brooklyn, and it will be an honor to offer the best of Barclays Center, with its fantastic entertainment, to our neighborhood.”
