Today, The Home Depot is the world’s largest home improvement retailer with approximately 500,000 orange-blooded associates and more than 2,200 stores in the U.S., Canada and Mexico.

In 2006, Home Depot bought the Chinese home improvement company Home Way and its 12 stores in the country. With its booming economy and strong real estate market, China seemed like it would be an easy win for America’s home improvement giant.

Verschuren said Home Depot decided to enter China by acquiring Home Way after considering starting a business from scratch. She said a key reason for the acquisition was to gain access to the experience and local knowledge of Home Way’s executives and 3,000-member sales force.

Home Depot entered China in 2006 by acquiring 12 stores from the Chinese home improvement com- pany Home Way, China’s first big-box home improve- ment retailer (China Daily, 2011).

Of course, some failures are real, and there are many reasons for them: committing too little or too few resources, adapting too little or too much to the local cultural conditions, relying too little or too much on foreign management, engaging too little or too much with Chinese government bureaucracy, scaling too …

Walmart China began in 1996 with the opening of a supercenter and Sam’s Club in Shenzhen. To date, Walmart operates a Global Sourcing Office, China’s Global eCommerce headquarters, and stores under a number of formats and banners.

In America, estimates say that Chinese suppliers make up 70-80 percent of Walmart’s merchandise, leaving less than 20 percent for American-made products.

Our ruling: False. We rate this claim FALSE because it is not supported by our research. Walmart was not sold to a Chinese firm, as any rudimentary online search will show. The only supporting “evidence” online comes from a 6-year-old story — on a satire site.

Alibaba Group Holdings Ltd. (BABA) is often called the “Amazon of China”, making reference to the giant American e-commerce company, Amazon.com Inc. (AMZN). But Alibaba has also borrowed the model of other FAANG technology companies by branching out into various apps and tech services.

TikTok, known in China as Douyin (Chinese: 抖音; pinyin: Dǒuyīn), is a video-sharing social networking service owned by Chinese company ByteDance….TikTok.