The number of family inns on the Chinese mainland has reached about 200,000, a YoY increase of 300%, with more than 20,000 such businesses established in the southern province of Guangdong alone.
Automotive Holdings Group (AHG) is in the process of selling its refrigerated logistics division to Chinese investment firm HNA Group (International) for $400 million in cash and debt.
Chinese bike-sharing titan Mobike announced Wednesday its operations in Berlin, Germany, meeting the goal of expanding to 200 cities globally by the end of this year.
Chinese companies are carrying out more than 20 railway projects overseas, with a total investment of 100 billion yuan ( USD 15 billion).
A delay of two projects on the mainland has prompted Fosun to sign a formal agreement to inject a suite of real estate companies into Yuyuan in an all-scrip deal worth ￥24.16 billion ($3.52 billion).
Online search engine Baidu leads a 700 million yuan investment in Shouqi Limousine and Chauffeur, pushing the start-up into unicorn territory.
The Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) in helping Hong Kong consolidate its status as a key global financial, shipping and trading center, and enhancing its overall competitiveness.
China’s Zhejiang Geely Holding Group Co. acquired Terrafugia Inc., a Boston-based company that plans to start selling flying cars by 2019.
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