Property News · June 9, 2019

The Chinese hotel mogul behind three Nasdaq listings thinks now is the time to head abroad for deals while rivals stay at home


Ji Qi, the hotel mogul who took three Chinese start-ups including the country’s largest online travel agency Ctrip.com to list on the Nasdaq, said now is the time to expand abroad while the competition is being cowed to stay homebound by the trade war and China’s crackdown on freewheeling.Outbound acquisitions have stalled among Chinese companies since April 2017, when regulators put half a dozen highly leveraged asset buyers – including the Anbang Group, CEFC, Dalian Wanda and the HNA Group –…

Source : South China Morning Post
Read more…The Chinese hotel mogul behind three Nasdaq listings thinks now is the time to head abroad for deals while rivals stay at home