• JD buys Beijing Jade Palace Hotel for $398m

    2 monthes ago - By China Travel & Tourism News

    Chinese e-commerce giant JD has acquired Beijing Jade Palace Hotel for 2.7 billion yuan , with an aim of transforming the five-star property into a new office building and innovation center.
    The Nasdaq-listed company said on Monday it bought 100 percent ownership of the hotel, which is located near a batch of universities and Zhongguancun Science Park in the capital.
    JD said Beijing's Haidian district is full of talent and innovation resources, and the acquisition of the hotel is based on JD's long-term layout and development in this district.
    The hotel will be transformed into a venue...
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