Peking
Hong Kong-listed Fosun, which was already the biggest shareholder in Thomas Cook and also owns France-based resort giant Club Med, had backed out of the eleventh hour deal to keep the debt-plagued company afloat.
Fosun buys Thomas Cook brand for 11 million pounds
02 Nov 2019 1:49 PM

Thomas Cook declared bankruptcy in September after an attempt to secure USD 250 million from private investors fell through.

Authorities have for years been attempting to transition the world's number two economy from being reliant on state investment and exports to a more stable one driven by China's huge army of consumers.
China's economy shows further weakness as retail sales struggle
15 May 2019 12:41 PM

Latest figures on Wednesday show retail sales expanded 7.2 percent last month, well off the 8.4 percent tipped by economists

“At work, we emphasize the spirit of ‘996’. In life, we should follow ‘669,’“ Jack Ma said. (Photo: File | AP)
'Have sex daily': Alibaba’s Jack Ma to employees
14 May 2019 4:24 PM

The 54-year-old Ma was speaking at a mass wedding organised by his company.

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