GreenTree Hospitality Group acquires Argyle

Global Business

Photo-GreenTree Hospitality

The two hotel chains that bet big on the growth of China’s middle class are teaming up to expand further across China and Asia.

GreenTree is a leading chain with over 2500 hotels in China. It’s acquiring Argyle, an Australian group which has pioneered high-end hotels in smaller Chinese cities.

CGTN’s Nathan King reports.