Search results for “Retail”
South Korean businesses suffer major decline from China arrivals downturn
08/07/2017|11:20:24 PM|
Reduced visitor arrivals from China drove down profit of Lotte Department Store and Lotte Mart by 49% and sales volume by 4.3%; while demand for Lotte milk powder and candies also shrank drastically in ongoing THAAD fallout .
Holiday Taxis Group: new managing director confirmed
08/04/2017|4:39:46 PM|
The world’s leading provider of global aggregated pre-book Airport Transfer and wider mobility solutions, Holiday Taxis Group, has confirmed, Ian Coyle, as its new Managing Director.
Spring Airlines Japan partners with Japanese retailer and seeks 1 billion yen
12/25/2015|5:51:45 PM|
China’s Spring Airlines Group and major Japanese retailer chain Bic Camera have formed a strategic partnership.
CITS wins duty-free concession at Beijing Capital Airport
07/05/2017|7:17:46 PM|
CITS subsidiary China Duty Free Group has won duty free concession at Beijing Capital Airport for the next eight years. The company is to acquire a 51% stake in Sunrise Duty Free.
XiaoMing Bike closes B round financing
07/17/2017|5:38:35 PM|
China’s bike-sharing startup XiaoMing Bike announced that it has received hundreds of millions of yuan in its series B round funding. The company plans to accelerate its strategy of electronic parking lane nationwide to improve user experience.
Wanda Group sells 13 projects, 76 hotels to Sunac for $9.3 billion
07/10/2017|4:14:26 PM|
Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).
HNA slows M&A pace after US$50b buying spree in past 2 years
06/06/2017|8:49:20 PM|
As the global market is increasingly complicated, the HNA Group will slow down in making acquisitions, having amassed overseas assets to make up 30% of its portfolio that contribute to half of the group’s revenue.
CITS enters JV to develop tourism retail overseas
12/18/2015|9:47:29 PM|
CITS and a subsidiary have joined hands with four other Chinese outbound tour operators to set up China Overseas Tourism Investment Management Co.
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