Sailing to the Maldives
China has become the primary source of tourists to the Maldives. In the first six months of 2014, more than 170,000 Chinese travelers flocked to the islands, up 20% year-on-year. They accounted for nearly one in three visitors, according to the Maldives Tourism Ministry.
Seeing this growth, Chinese PE firm Sailing Capital set its sights on a luxury resort developer - Soneva Group, which operates the Soneva Fushi resort on the island of Kunfunadhoo. The courtship coincided...
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