For China, First the Waldorf, Then the World

The sale of the Waldorf-Astoria hotel to a Chinese buyer could herald a wave of Chinese acquisitions more disruptive than Japan's 30 years ago.
The Waldorf isn't the first, and won't be the last big Chinese purchase.

Last month, while holidaying in New York City, I happened upon the glare of a dozen live television cameras while walking past the Waldorf Astoria. The fuss was over Alibaba's investment roadshow, then unfolding inside the hotel's famed ballroom.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.