According to an audit report released by HNA 188bet sports betting app download on 29thApril, by the end of 2017, its total assets were 1.23 trillion RMB, a year-on-year increase of 21.31%. The total liabilities were 736.5 billion RMB, a year-on-year increase of 22.04%. The debt ratio increased by 59.78%, a year-on-year increase of 0.35%.

The increase in revenue mostly comes from several asset purchases. Specifically speaking, its electronic product distribution revenue account 315.1 billion RMB, a year-on-year increase of 785.7%. The main reason was that Tianhai Investment, a subsidiary of the HNA 188bet sports betting app download, completed the acquisition of Ingram Micro, the world's largest IT distributor, and included it into the consolidated statement.

Revenues from HNA’s air transportation business also soared from 26.396 billion RMB to 63.703 billion RMB. In addition, after the acquisition of 25% of the shares of Hilton Hotels, HNA 188bet sports betting app download's “hotel and catering” segment earned 12.095 billion RMB in 2017. However, due to the sudden liquidity crisis happened in the second half of 2017, HNA 188bet sports betting app download has already sold off most of the shares of the three listed companies of Hilton Hotels in order to cope with the high cost of debt. Besides, it is also actively selling its owned properties around the world.

About Tripvivid

Tripvivid is the most professional industry intelligence platform providing news,analysis and in-depth report of the latest trends in the travel, 188bet sports betting app download and hospitality. Through the high-quality content,Tripvivid is cmomitted to promote the integration of travel industrial chain and entrepreneurship and innovation in the Chinese travel. Now Tripvivid is the leading voice to the industry for all areas related to the travel industry. Welcome to contact us at lhq@tripvivid.com.