Sunac China to acquire hotels and cultural tourism projects from Dalian Wanda Group for US$9.3 billion

To give full scope to their respective business strengths,Wanda Cultural Tourism City Co., Ltd. and Sunac China Holdings Limited, based on friendly consultation, signed on July 10, 2017 an equity transfer agreement regarding 13 Wanda Cultural Tourism City projects including Xishuangbanna Wanda Cultural Tourism City, Nanchang Wanda Cultural Tourism City, Hefei Wanda Cultural Tourism City, …

Warren Buffett’s Berkshire Hathaway HomeServices signs marketing agreement with China’s largest international property portal

Berkshire Hathaway HomeServices  announced a marketing agreement with Juwai.com to syndicate all of its franchisees’ residential listings to the China-based international property portal that attracts roughly two million visitors monthly. Berkshire Hathaway HomeServices also launched a banner advertising campaign on Juwai.com to promote its brand, home page and listings to Juwai.com’s audience. The alliance makes …

China’s Wanda Group signs agreement with Chengdu Government to invest RMB 70 Billion in Healthcare Industry Park

Wanda Group signed a strategic cooperation agreement on April 6, 2017 with Chengdu Municipal Government to invest RMB 70 billion in a healthcare industry park in Chengdu. The park will consist of two zones – the Hospital Zone and the Healthcare Industry Zone. The Hospital Zone will host two international top-notch general hospitals and eight international …

Airbnb CEO Brian Chesky announces new plans to serve Chinese travelers

Airbnb Co-Founder, CEO, and Head of Community Brian Chesky   announced a series of plans to better serve Chinese travelers, particularly millennials, who are seeking an alternative way to travel. In his remarks, Chesky unveiled Airbnb’s new Chinese brand name, announced the expansion of Trips and Experiences in China and discussed Airbnb’s work to strengthen …

Chinese visitor arrivals hit 1.2 million in 2016 in Australia

Chinese residents made a record number of visits to Australia in the 2016 calendar year, according to figures released today by the Australian Bureau of Statistics (ABS). Short-term trips from China have grown from 500 in 1976 to 1.2 million in 2016, (trend series) making it the country with the highest growth rate in that …

Central China Real Estate achieves property contracted sales of RMB1,235 million in January

  Central China Real Estate Ltd. has announced the unaudited contracted sales data for January 2017.According to the company’s announcement, in the month of January 2017, the Group achieved property contracted sales of RMB1,235 million, representing a year-on-year increase of 239.5%, with a contracted sales gross floor area of 224,678 square metres , representing a …

Chinese Wanda Group announces its first overseas brand export project,the Istanbul Wanda Vista Hotel

Wanda Hotel Management Company has successfully signed its first overseas brand export project – the Istanbul Wanda Vista Hotel. This means that Wanda has made a significant step forward towards its goal to become a world-class top hotel management company Wanda Hotel has also invested to develop five overseas projects, located in London, Los Angeles, …

Dubai Economic Council enhances partnership with Bank of China

The Dubai Economic Council (DEC) has enhanced its partnership with the Bank of China (BOC) in its role in the development of infrastructure, tourism, real estate, trade and logistics projects in the UAE. The statement made when Hani Al Hamli received recently in his office a high-profile delegation from BOC (Dubai) Branch headed by Mr.Jiaji …

Beipanjiang Bridge, world’s highest bridge opens to traffic in China

The Beipanjiang bridge in southern China has opened to traffic following three years of construction.The Beipanjiang Bridge links the province of Guizhou and Yunnan. Built above the Beipangjiang valley in Guizhou province,the bridge is the highest in the world at 1,854 feet.    

Abu Dhabi’s Mubadala and China’s HNA Group announce expanded collaboration

Mubadala, the Abu Dhabi investment and development company, and HNA Group, a global Fortune 500 company focused on Tourism, Logistics, and Financial Services, today announced that they have signed a Memorandum of Understanding (“MOU”) regarding expanded investment collaboration between the two organizations. Following a series of senior leadership meetings in Abu Dhabi, Mubadala and HNA …