Bangkok / AFP King Power, the Thai duty-free conglomerate behind the remarkable rise of English football champions Leicester City, said on Tuesday it had bought a $225 million stake in Thai Air Asia, the country’s largest budget airline. The purchase allows King Power’s billionaire owner Vichai Srivaddhanaprabha to further tap into Thailand’s booming tourism industry and expand beyond his ...

  Sydney / Bloomberg Qantas Airways Ltd. could be China’s next investment target after conglomerates from the country bought stakes in the Australian carrier’s closest domestic rival, Credit Suisse Group AG said. Separate investments in Virgin Australia Holdings Ltd. by HNA Group and Nanshan Group in the past two weeks have put around one third of the airline in Chinese ...

  Shanghai / AFP The Magic Kingdom comes to the Middle Kingdom this week when Disney opens its first theme park in mainland China, betting the growing middle class will spend big on leisure despite a slowing economy. The $5.5 billion resort, which opens on Thursday, features the world’s biggest Disney castle, its blue-topped spires rising above land once occupied by ...