Anbang Insurance Group’s bid for Starwood fell through on Monday. The hotel group has now said it’s going for Marriott’s higher bid at 13.6 billion dollars.

While it may seem that there won’t be another bid, Anbang’s also pursuing other targets in its push to diversify its holdings outside China.

CCTV America’s Karina Huber reports from New York.

In October 2014, Anbang Insurance bought the Waldorf Astoria in New York City for $1.9 billion. It was a record price for a U.S. hotel.

But it was just a fraction of what Anbang would pay in the next few years to buy foreign assets.

Last year it bought several foreign insurance companies including U.S. Fidelity & Guaranty Life for $1.6 billion. It paid similar large sums for companies in South Korea and Belgium.

This March it handed over $6.5 billion for a group of Blackstone’s luxury properties, including the Four Seasons in Washington D.C. Anbang bid nearly $13 billion for Starwood.

Acquisitions by Chinese buyers are being compared to the 1980s when the Japanese paid eye-popping prices for high profile U.S. real estate, including Rockefeller Center.

Chinese buyers are also paying top dollar, even though there’s no guarantee of a quick profit.

Anbang’s real estate investments may turn out to be money well-spent, and maybe not. Despite these risks, and even with China’s economy slowing down, it doesn’t look like the Chinese foreign shopping spree will be ending anytime soon.

Caracal Strategies Co-Founder Marc Ross on Chinese Business overseas

For more on China’s appetite for foreign companies, CCTV America’s Michelle Makori spoke to Marc Ross. He is Co-Founder and Partner at Caracal Strategies.