Asian Group Takes Over Landmark Building at Zurich’s Paradeplatz |

“Savoy Baur en Ville, one of Zurich’s top hotels, will close its doors by the end of 2022, only to reopen two-and-a-half years later under a new name and new management. The renovation is the fourth in the long history of this landmark building at Paradeplatz.

The Mandarin Oriental Hotel Group will take over the management of Savoy Hotel Baur en Ville, the luxury hotel at Paradeplatz in Zurich. Even after the handover of operational responsibility, the ownership will remain the same though: Credit Suisse (CS) will retain its majority stake in the renowned hotel, according to a statement released on Monday.”

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Molecular Partners develops treatment for COVID-19 | GZA

“The biotechnology firm Molecular Partners has launched a therapy program to combat COVID-19. The company has developed artificial proteins aimed at neutralizing the SARS-CoV-2 virus.”

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Danger of renewed grounding: Swissport will soon run out of money | NZZaS

“With Swissport, a systemically important provider of Swiss aviation is financially on the brink. Without it, the airport stands still.”

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After the sale to China, the old GC no longer exists | NZZ

“After 17 years of unsuccessful searches, Grasshopper Fussball AG has found new donors. Hong Kong’s Champion Union HK Holdings Limited takes over the majority of the shares – and immediately changes the management. GC now has a survival perspective, but faces a future that is one thing above all: unknown.”

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Waiting for the ‘yes’ from China | Tages-Anzeiger

“The Grasshoppers are about to be sold to the Chinese investment company Fosun – they can use it to secure their future. But is that really a good deal?”

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Collaboration Between the Swiss and Chinese FinTech Ecosystems |

The Zurich and Singapore based FinTech Incubator & Accelerator F10 has signed a Memorandum of Understanding with the Chinese Zheshang Venture Capital Company Ltd to create more opportunities for investment and Startup development within the F10 ecosystem at the “Zurich Lake – West Lake” forum for FinTech and Wealth Management.

@ | December 4, 2019

Bitmain-backed crypto firm Matrixport opens Zurich office | Swissinfo

Singapore-based crypto financial services company Matrixport is setting up a European operations centre in Switzerland. Matrixport has close links to the Chinese cryptocurrency mining giant Bitmain, which is simultaneously winding down its Swiss presence.

@ | November 26, 2019

Steigenberger Hotels sold to China for 700 million euros (7亿欧元:中国买下包括瑞士在内多国的百家酒店) | Swissinfo

The German hotel group Steigenberger comes into Chinese hands. The Egyptian tourism entrepreneur Hamed El-Chiaty sells the Steigenberger umbrella company Deutsche Hospitality to the Chinese hotel operator Huazhu for 700 million euros.

@ | November 4, 2019

据11月4日的消息,中国酒店集团华住以7亿欧元的价格从埃及旅游业大亨Hamed El-Chiaty手中成功收购德意志酒店集团(Deutsche Hospitality)100%股权-瑞士两家大酒店属于该集团。

@ | November 4, 2019

R&M takes over housing manufacturer in China | Wirtschaftsraum Zürich

Reichle & De-Massari (R&M) announced the acquisition of Durack Intelligent Electric. The purchase of the Chinese specialist for housings and cabinets for modular data centers is intended to open up growth for the cabling specialist from the Zurich area.

@ Wirtschaftsraum Zürich | April 1, 2019

Chinese drone company Ewatt is setting up in Zurich | Handelszeitung

Zurich is developing into a cluster for drone technology. Another company settles in the Limmat city. […] The Chinese drone company Ewatt is building its European headquarters in Zurich, as confirmed by the Greater Zurich Area organization.

@ Handelszeitung | May 2, 2018