Marriott International said that its merger with Starwood Hotels & Resorts Worldwide cleared the Ministry of Commerce of China, so the companies have now consummated their hospitality marriage.
Cosmetics retail group Sa Sa International's annual turnover increased by 2.7% year-on-year from HKD8.756 billion to HKD8.993 billion; while its net profit decreased by 10% year-on-year from HKD935 million to HKD839 million.
WoWo Limited has signed a merger agreement with Join Me Group (HK) Investment Company Limited to form a restaurant and hotel Internet group named JM WOWO, which is headquartered in Hong Kong.
Chinese electronics retailer Gome is investing an undisclosed sum into its e-commerce travel channel.
Chinese B2C e-commerce provider JD.com and Internet tourism website Tuniu.com jointly announced that Tuniu.com has received total new investments of USD500 million, including USD350 million from JD.com.
Hong Kong's Chow Tai Fook Enterprises plans to invest USD2.6 billion in a casino project in Incheon, South Korea, aiming to attract Chinese gamblers.
A new Four Points by Sheraton and an Aloft hotel have opened in two Chinese cities.
JAL Hotels Company has announced the opening of a new Nikko Hotels property in Suzhou.
Starwood's Le Meridien Hotels and Resorts has announced that it is opening three new hotels in Greater China in Taipei, Zhengzhou, and Xi'an.
HNA's CNY3 billion group northern headquarters in Tianjin Municipality has been registered in the commerce and industry department, and will be formally set up in May 2010 to allow the company to expand its hotel…