Hong Kong-based real estate private equity firm Gaw Capital Partners has acquired a 50% stake in Spanish boutique hotel brand Hospes Hotel Group, of which its total asset is valued at €125 million, forming a joint venture with a Spanish investment company Omega Capital. Gaw Capital invested through its European Hospitality Fund I managed by GCP Hospitality. Hospes Hotel Group is a Spanish hotel operator with 10 properties in the luxury and heritage boutique hotel segment. Each hotel has been …

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Chinese B2C e-commerce group JD signed a cooperation agreement with Xi’an National Civil Aerospace Industrial Base to build JD Group’s largest comprehensive smart logistics…

China’s supermarket chain retailer Wumart Group and Norway’s Arctic Green Seafood signed a strategic deal during the Norway-China Business Summit 2017. For the next…

China-based Xiaomi is extending its reach further into the Indian market with additional manufacturing strength. Xiaomi has cooperated with Foxconn in the building of…

China-based LeEco is slashing its workforce in neighboring India. Atul Jain, LeEco’s chief operating officer of smart electronic product business, and Debashish Ghosh, LeEco’s…

California-headquartered American toy giant Mattel announced a deal reached with China’s Alibaba Group. Combining Mattel’s brand awareness and professional technologies in the global toy…

China imported 1.956 million tons of dairy products during the entire year of 2016, a year-on-year increase of 21.4%, according to a report from…

With the rise of more e-commerce merchandise being shipped around the company, China’s logistics firms have been growing quickly. Now a logistics subsidiary of…

China Insurance Regulatory Commission has suspended Foresea Life Insurance, a unit of financial conglomerate Baoneng Group, from selling “universal life” …

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An ex-executive at Alibaba Pictures’ online ticket booking unit Taopiaopiao has been taken by police on alleged bribery charges, Chinese media reported. The arrest of Kong Qi, former vice-president and general manager of Taopiaopiao, seems to have taken place a while back. Kong left Taopiaopiao after the unit raised a RMB1.7 billion (US$260 million) series […]

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