A delay of two projects on the mainland has prompted Fosun to sign a formal agreement to inject a suite of real estate companies into Yuyuan in an all-scrip deal worth ￥24.16 billion ($3.52 billion).
Online search engine Baidu leads a 700 million yuan investment in Shouqi Limousine and Chauffeur, pushing the start-up into unicorn territory.
The Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) in helping Hong Kong consolidate its status as a key global financial, shipping and trading center, and enhancing its overall competitiveness.
China’s Zhejiang Geely Holding Group Co. acquired Terrafugia Inc., a Boston-based company that plans to start selling flying cars by 2019.
Ascott, which operates serviced residences internationally, will expand faster in China. It will manage 20,000 serviced apartments this year, three years ahead of schedule, its top management said.
The Shanghai Disney Resort reaped positive results during its first full fiscal year of operation and is forecast to post sound growth in the future with competition from its Chinese rivals.
Expedia data shows that Australian, Chinese and Japanese travelers are all looking for the best deals and the most value for their money, but preferences and priorities vary by generation and country.
A new 2,000-acre theme park scheduled to open next month in China’s southern Guizhou Province will specialize in immersing visitors via virtual reality in science and fantasy experiences.
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