Search results for “retail”
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.
CITS nets 20% more profit in 2016
05/05/2017|1:51:32 PM|
CITS Group posted operating revenue of RMB 22.39 billion in 2016, up by 5.16%. Net profit last year climbed 20.07%. Operating revenue grew 10.54% in the first quarter of 2017 while net profit for the period rose 5.83%.
TravelersBox gears up for its foray into China
05/04/2017|10:31:49 AM|
TravelersBox operates kiosks at airports that allow travelers to convert their leftover foreign currency into digital money. The company hopes the Chinese travelers, too, will like the idea.
Shiji Information acquires retail solutions provider Changyi Technologies
12/03/2015|6:00:56 PM|
Shiji Information announced that it will acquire full ownership of Beijing-based Changyi Technologies in a RMB630 million cash-based acquisition.
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