FAST NEWS: Club Med Strength Fuels Fosun Tourism Rebound in Third Quarter

The latest: Fosun Tourism (1992.HK), owner of the Club Med resort chain, said the business volume at its resort operations totaled 5.58 billion yuan ($873 million) in the first nine months of the year, down 4.4% from the same period a year earlier. The decline marked a big improvement from the first half of the year, when business volume plunged 41.9% to 2.43 billion yuan. Looking Up: The improving performance was reflected in third-quarter results for Club Med, whose business volume more than doubled to 2.6 billion yuan during the…

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A-List Executive Team, Big-Name Backers Fail to Lift Abbisko IPO

Shares of cancer drug startup, whose investors include Carlyle Group and Temasek, are down 7% a week after their trading debut Key takeaways Four rounds of fundraising together with IPO proceeds have given the Abbisko a cumulative war chest of almost $500 million Company is betting a significant portion of its funds on China rights to an AstraZeneca drug to treat multiple solid tumors By Richard Barbarossa When it comes to startup drug makers, a strong executive lineup and big-name backers are often just as important as a company’s products…

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