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There's more to Anbang story than just meets the eye

By Li Xiang (China Daily) Updated: 2015-02-03 07:44

Waldorf Astoria hotel

China's Anbang Insurance Group has acquired the world-renowned Waldorf Astoria hotel in New York for $1.95 billion.

Hilton Worldwide Holdings said on Oct 6, 2014 that it has reached an agreement to sell the 60,000-square-foot landmark property that straddles Lexington and Park avenues.

There's more to Anbang story than just meets the eye

View of Waldorf Astoria, the landmark New York hotel, on Oct 6, 2014 in New York City. [Photo/IC]

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