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HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it is involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It is a part owner of Grand China Air, and owns 25% of Hilton Worldwide. In July 2017, HNA Group ranked No.170 in 2017 Fortune Global 500 list with a revenue of $53.335 billion. It is one of the most active investment companies in the world, acquiring numerous assets under its name.

In the year of 1993, Chen Feng created Hainan Airlines, with approval by the Hainan Provincial Government. Following a restructuring of the airline in 1997, Chen Feng founded HNA Group Co. Ltd. in January 2000. Since then, the Group has undergone great diversification ,entering multiple industries such as tourism and logistics. It also significantly expanded its involvement with both national and international companies. These include several airlines, NH Hotel Group, Uber, and an office tower and a hotel in New York City. HNA Group has spent more than US$3 billion on foreign acquisitions. It intends to be one of the top 50 companies in the world by 2030.

In October 2005, Soros Quantum Fund invested $ 25 million stake in HNA Group.

On February 18, 2016, HNA Group was reported to reach an agreement with Ingram Micro Inc, a California-based technology distributor for $6 billion, in the largest Chinese takeover of a US information technology company. HNA Group was then advised by China International Capital Corporation in the transaction.

In July 2017, the Group was targeted by the Central Government in a set of new measures that prohibit state-owned banks fro m lending money to Chinese private companies to curb their foreign investment activities and also over concerns about HNA's debt levels.Several banks associated with HNA's foreign investments halted new loans since, though some had already suspended their grants before the measures were signed into effect.

A year out after investing, HNA Group was in talks to sell some or all of its 25% share in Hilton Grand Vacations, a timeshare business which had spun off fro m Hilton Worldwide Holdings the year before.

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1 floor HNA Group Co., Ltd [*.*.*.*] published in 2018/06/09/ 04:39:00
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HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China.

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