Guangdong, China, July 22, 2016 /ChinaNewswire.com/ – The Hurun Presidential Awards party was recently held in Shanghai and organized by the Hurun Report. Regal Financial Center Hotel has been honored for its excellence by being name the "Best F&B in Foshan". The Hurun Presidential Awards is an authoritative evaluation of top hotels that includes an … Continue reading "Regal Financial Center Hotel Wins Hurun Hot Hotel Awards 2016 For Best F&B in Foshan"
Fujian, China, July 22, 2016 /ChinaNewswire.com/ – Shangri-La Hotels and Resorts announces the appointment of Mr. Jonas Amstad as general manager of Shangri-La Hotel, Fuzhou in the capital city of Fujian province in the southeast of China. In this role, he will oversee hotel operations and lead the team in delivering quality and exceptional guest … Continue reading "Shangri-La Hotel Fuzhou Welcomes Jonas Amstad As General Manager"
Failure to toughen efficiency drive could cost annual 3% of GDP by 2035
Fujian, China, July 22, 2016 /ChinaNewswire.com/ – Shangri-La Hotels and Resorts announces the appointment of Mr. Jonas Amstad as general manager of Shangri-La Hotel, Fuzhou in the capital city of Fujian province in the southeast of China. In this role, he will oversee hotel operations and lead the team in delivering quality and exceptional guest … Continue reading "Shangri-La Hotel Fuzhou Welcomes Jonas Amstad As General Manager"
Joy Capital has co-led a RMB250 million (US$37 million) series A round in Haozu, an O2O (online-to-offline) start-up focused on commercial property services, according to Chinese media reports. Northern Light Venture Capital also participated, while an entity named Heidong Capital was the other firm co-leading the round. Haozu, a unit spun off from 58.com, provides […]
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Chinese drug maker Jilin Zixin Pharmaceutical Industrial Co., Ltd. has agreed to invest US$42 million in Nabsys 2.0, a U.S. high definition genome mapping firm. Zixin Pharmaceutical plans to initially invest US$6 million or its RMB equivalent, then contribute around US$36 million or its RMB equivalent to acquire 67% of Nabsys 2.0, which means the […]
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Paris, France, July 22, 2016 /ChinaNewswire.com/ – After three years of transformation that have resulted in the development of two well- structured, strategically related business lines with record performances, AccorHotels is pursuing its strategy of continuous improvement and significant expansion by initiating a project to create a dedicated subsidiary for its HotelInvest operations. The aim … Continue reading ""
China's sovereign wealth fund China Investment Corp (CIC) reported a dollar-denominated net return of negative 2.96% on its overseas investment last year, due to volatility in international financial markets and foreign exchange losses triggered by an appreciating U.S. dollar. The negative return drove its accumulated annualized investment return to 4.58% since inception in 2007 until […]
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L Capital Asia, the Asian private equity unit sponsored by LVMH Moët Hennessy Louis Vuitton S.A. (LVMH), has acquired a minority stake in Korean cosmetics firm CLIO Cosmetics for an undisclosed amount. The deal has made L Capital the second largest shareholder in CLIO, a Korean color cosmetics firm retailing eye, lip, and base makeup […]
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Hong Kong consumers who have long relied on the contactless Octopus payment service now have an alternative. Apple Pay launched …
China's largest ride sharing giant Didi Chuxing has denied rumors that the company and its key rival Uber China have any plans for a potential merger or alliance. In a statement, Stephen Zhu, vice president for strategy at Didi Chuxing, stated that the company "is ahead of our rival in every city we operate. We […]
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Shanghai-based fresh produce O2O (online-to-offline) platform Fruitday is closing down its offline stores in major cities, as the company adjusts its strategy to better serve consumers. Fruitday, which completed a US$70 million funding round led by JD.com Inc. with participation from SIG Asia Investments and ClearVue Partners last May, says it is providing fast delivery […]
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In less than 20 months, Ucar Group, a mobile app-based chauffeured car service unit launched by rental car firm Car Inc., has completed a listing on China's New Third Board with a valuation of RMB36.9 billion (US$5.5 billion), a staggering feat even in China's rapid-paced tech world. The debut makes Ucar, one of the youngest […]
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