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Xu Dashan. "Beijing tourism players form alliance." China Daily. China Daily. 2004. HighBeam Research. 12 Jun. 2018 <https://www.highbeam.com>.
Xu Dashan. "Beijing tourism players form alliance." China Daily. 2004. HighBeam Research. (June 12, 2018). https://www.highbeam.com/doc/1P2-8815958.html
Xu Dashan. "Beijing tourism players form alliance." China Daily. China Daily. 2004. Retrieved June 12, 2018 from HighBeam Research: https://www.highbeam.com/doc/1P2-8815958.html
China Beijing Quanjude Group and Beijing New Yansha Group, two major tourism commercial service companies in the Chinese capital, merged at the weekend to become the Beijing Tourism Group.
The 1.17 billion yuan (US$140.9 million) equity belonging to Quanjude, famous for its roast duck, and New Yansha, which owns the Beijing Lufthansa Centre, is now being managed by the tourism group. The tourism group and its two subsidiaries are all State-owned. Saturday's merger puts the new company's assets in excess of 15 billion yuan (US$1.8 billion), said Duan Qiang, chairman of the Beijing Tourism Group.
"The new company is now capable of earning up to 10 billion yuan (US$1.2 billion) in business income each year and more than 600 million yuan (US$72. …
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