Chinese conglomerate HNA Group Co. purchased a fledgling San Francisco-based online travel firm in late 2015, part of a multibillion-dollar buying spree that earned it a reputation as one of China’s most aggressive overseas acquirers. Just over a year later, that travel firm, Travana Inc., has filed for bankruptcy amid a raft of litigation—a sign of HNA’s broader struggles managing its acquisition spree. Travana, in which HNA...

Source: Wall Street Journal July 05, 2017 09:22 UTC