HNA Group and China Cinda Asset Management will jointly set up an industry buyout fund worth at least 20 billion yuan (USD 2.91 billion), HNA said in a statement on March 24.
Chinese real estate investment firm Zhonghong Zhuoye announced that it has become the largest shareholder in SeaWorld and intends to import the US company's controversial theme parks into China.
Searches on Google for flights to China are up 24% year on year worldwide, outpacing the growth for flights to popular destinations such as France and Australia, according to Marketing Interactive.
HNA Group has raised its stake in Deutsche Bank, which is in the midst of an 8 billion euro (USD 8.62 billion) capital increase, to 4.76% from 3.04%.
LN Holdings reported operating revenue of RMB 303 million in 2016, down by 0.99% YoY. Net profit dropped 21.96% to RMB 30.61 million during the time.
American Airlines Group, the world’s largest carrier, is in advanced talks to acquire a stake in China Southern Airlines through a USD 200 million investment, reported Bloomberg.
Shanghai-listed film company China Film plans to invest RMB 70 million for cooperation on Kanas film and culture thematic tourism project in Xinjiang.
Airbnb is adopting the name “Aibiying” in China, one that translates as “welcome each other with love,” as it doubles investment in the country and triples its local workforce.
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