Thomas Cook, Fosun Aim New Travel Venture at Wealthy Chinese

Updated on
  • U.K. tour operator targets ‘affluent, adventurous’ vacationers
  • Fosun-backed acquisition fund still targeting up to 50 hotels

Thomas Cook Group Plc, Europe’s second-biggest tour operator, set up a high-end Chinese travel agency with minority shareholder Fosun International Ltd. in a bid to capture a more lucrative slice of China’s booming vacation market.

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