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From:ChinaDaily   |  2021-04-01 09:25 AirAsia has metamorphosed from a Malaysian budget carrier into an all-in-one online travel agency providing flight tickets, hotel bookings, admission tickets, food delivery services, e-commerce and financial services not only in Malaysia but also globally, including in China. It plans to launch more related services in China in the near future. AirAsia s transformation is accompanied by changes in its shareholding pattern. Stanley Choi, chairman of Hong Kong-based Head & Shoulders Financial Group and the only Chinese shareholder of AirAsia, increased his stake in February to 8.96 percent, which made him a major shareholder. Choi said: AirAsia is doing well in its digital transformation, and very few carriers have done the same. Increasing investments in China is quite important for AirAsia. I would like to contribute my efforts as a shareholder and keep an open mind for potential cooperation between AirAsia and Chinese companies.

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