{"id":31571,"date":"2008-10-27T03:31:27","date_gmt":"2008-10-26T19:31:27","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/en\/?p=8381"},"modified":"2008-10-27T03:31:27","modified_gmt":"2008-10-26T19:31:27","slug":"usd65-million-international-investment-for-7-days-inn","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2008\/10\/27\/31571\/","title":{"rendered":"USD65 Million International Investment For 7 Days Inn"},"content":{"rendered":"<p>Chinese budget hotel chain brand 7 Days Inn Group has obtained an investment of USD65 million from two international financial companies.<!--more--><\/p>\n<p>Zheng Nanyan, CEO of 7 Days Inn Group said that Actis and Warburg Pincus LLC have led a USD65 million investment in the 7 Days Inn Group and the two companies will have seats on the group's board but will not participate in the management of the group.<\/p>\n<p>Actis is a private equity investor in emerging markets, and Warburg Pincus is co-investing alongside Actis in the transaction. <\/p>\n<p>It is reported that the funds from Actis will be used to drive the 7 Days Inn's national hotel network by expanding in all the first- and second-tier cities around China, and will also be used to enlarge the group\u2019s investment in the IT system, as well as strengthening the construction of its e-commerce platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese budget hotel chain brand 7 Days Inn Group has obtained an investment of USD65 million from two international financial companies.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[13323,18735,12870,12932,18736,13000,12213,18737,18738],"class_list":["post-31571","post","type-post","status-publish","format-standard","hentry","category-english","tag-7-days-inn","tag-actis","tag-budget-hotel","tag-e-commerce","tag-emerging-markets","tag-investment","tag-it","tag-private-equity","tag-warburg-pincus"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/31571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=31571"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/31571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=31571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=31571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=31571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}