See: CRN - Ingram Micro Parent HNA Group May Be Taken Over By Chinese Government: Report
These reports first came out last Wednesday, including posted by PRC government outlet Global Times. We did not publish on this since it's not confirmed.
However, CRN's report does explain the risks if this happens, key quotes:
Ingram can say what ever they want, but if their parent company is the Chinese government it is going to impact any sales opportunities, logistics opportunities and secure supply chain opportunities involving government agencies, government support agencies and federal system integrators....
if the Chinese government ends up taking over HNA Group it would be “everybody’s worst nightmare"...
One high-level channel executive, who did not want to be identified, said Chinese ownership of HNA would be “very disruptive” for Ingram Micro and its channel partners.
If this comes to pass, it will not be surprising. For example, we reported on how China's largest VMS was taken over by the Chinese government and how March Network's parent Infinova's controlling shareholder is now a China government entity.
Ingram was acquired 4 years ago in what we immediately recognized as a 'bubble deal', declaring:
Certainly one interpretation is that Chinese companies have become so powerful that they are going to use their money to takeover the world. We doubt that.
The decelerating Chinese economy, the rapid fall of their stock market, the severe pressure of capital flight from China, fears of RMB devaluation, the Chinese government's pumping massive credit / debt, are a very dangerous combination.
2 years later, with HNA struggling, HNA's Co-Chairman Declared them to be a "Victim of Conspiracy Against China". He died months later trying to pose for a picture on vacation.
Whether it is bad luck or bad strategy or both, HNA is facing extremely difficult challenges and Ingram Micro is caught in the middle of this.