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China’s HNA takes tourist route to top 100 status

The chairman of HNA Group, the acquisitive Chinese conglomerate, is looking to do more deals because he is confident about the growth of tourism in spite of the country’s economic slowdown.

“Of course!” Chen Feng says when asked in an interview with the Financial Times whether mergers and acquisitions will continue. 

HNA owns Hainan Airlines, China’s fourth-largest carrier. This year, in a flurry of dealmaking, it has unveiled transactions to buy Ingram Micro, a US information technology group, Carlson Hotels, the US owner of the

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