Behind a Chinese Powerhouse, a Web of Family Financial Ties - News Summed Up

Behind a Chinese Powerhouse, a Web of Family Financial Ties


All in the Family The two co-founders of China’s HNA Group transformed a fledgling airline into one of the world’s biggest companies. FAMILY MEMBER COMPANY FAMILY RELATIONSHIP BUSINESS RELATIONSHIP COMPANY EXECUTIVE OR INVESTOR The HNA Group is a sprawling conglomerate, with more than $100 billion in revenue. FAMILY MEMBER COMPANY FAMILY RELATIONSHIP BUSINESS RELATIONSHIP COMPANY EXECUTIVE OR INVESTOR The HNA Group is a sprawling conglomerate, with more than $100 billion in revenue. HNA’s dealings with family and friends trace back to the company’s founding as Hainan Airlines in 1993. Hedge funds controlled by Mr. Soros ultimately invested a total of $50 million in Hainan Airlines and an affiliate, Grand China Airways.


Source: New York Times July 19, 2017 00:27 UTC



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