As­cott to ex­pand faster in China

China Daily (Latin America Weekly) - - Businessö - By HU YUANYUAN huyuanyuan@ chi­

As­cott, which op­er­ates ser­viced res­i­dences in­ter­na­tion­ally, will ex­pand faster in China. It will man­age 20,000 ser­viced apart­ments this year, three years ahead of sched­ule, the com­pany’s top man­age­ment said.

“China is ahead of the rest of the world in var­i­ous fields — in­clud­ing ar­ti­fi­cial in­tel­li­gence, un­manned aerial ve­hi­cles, elec­tronic pay­ments and so on. Thanks to this rapidly de­vel­op­ing en­vi­ron­ment, we were able to achieve our goal ahead of sched­ule and now we’re ready to set the next one,” said Tan Tze Shang, man­ag­ing di­rec­tor of As­cott China.

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