Reclusive Chinese billionaire strikes US$33m deal to take over Shanghai hotel

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Source: South China Morning Post
Published: 2026-08-15 16:00 UTC+10:00
Section: Shanghai
Factuality Score: 100
Opinion Category: Neutral
Topics: Property, Asia, Military & Defence, Economy & Finance, China, Financial Markets, Property & Housing, Business & Economy, Asia Pacific
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Snippet:
Online gaming billionaire Chen Tianqiao acquired the Mia Hotel at a discount, as investors bet on a recovery in China’s prime real estate market
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