China’s Super Aggressive Sunac Picking Up Troubled Travel Assets
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Sunac, a property developer in China, is buying assets from failing companies that deal in the travel sector, including HNA and Dalian Wanda. HNA's offices in Beijing are pictured. Giulia Marchi / Bloomberg
Skift Take: Sunac's valuation is skyrocketing as it buys up other companies' assets to fuel its own growth. But will its strategy backfire as debt mounts? And what does all the turnover mean for the travel industry in China?