Reclusive Chinese billionaire strikes US$33m deal to take over Shanghai hotel
- Posted on August 15, 2026
- By South China Morning Post
- 2 Views
- 1 min read
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Reclusive Chinese billionaire strikes US$33m deal to take over Shanghai hotel
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.
