Anbang Insurance’s purchase of New York’s iconic Waldorf Astoria Hotel stunned many, but it’s only the tip of the Chinese outbound investment iceberg. In the first of our series on Chinese outbound investment, we take a look at the biggest real estate purchases made by Chinese companies.
The week that was: China workforce declines two years in a row; trust product distributed by ICBC faces default; Lenovo strikes China’s biggest tech deal by buying an IBM branch; and the Big Four’s China affiliates are barred from US businesses. Lenovo buys another piece of IBM Nine years after the iconic brand of ThinkPad changed […]
How opening new hotels in China could damage the entire industry In late May, InterContinental Hotels Group (IHG) celebrated the opening of the IHG Shanghai Ruijin hotel. However, IHG’s spirits were probably dampened a bit by the bad news it received a week earlier. It was ordered to pay RMB 150 million to real estate […]