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CKI - part of conglomerate CK Hutchison, controlled by Hong Kong's richest man Li Ka-shing - is acquiring Ista from private equity fund CVC.

COSCO Shipping, which has the largest shipping capacity in the world and the third largest number of container vessels, used to be two independent companies with huge deficits three years ago. All of that changed after the two entities were merged in 2016.

Calls for probe

Cainiao Network Technology Co Ltd, the logistics arm of Alibaba Group Holding Ltd, announced on Wednesday it will construct a world-class digital logistics center at Hong Kong International Airport.

Caissa Touristic is a Beijing-based travel agency and a major organizer of group travels overseas. The company said it has received a large number of flight cancellation notices from airlines such as British Airways and Lufthansa since Jan 29, a time when most travel groups who departed before the coronavirus outbreak were about to finish their trips and return to China.