WHEN Anbang Insurance Group Co agreed to buy New York's iconic Waldorf Astoria hotel for US$1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc...

IT'S goodbye for now to the grand Art Deco lobby and celebrities crossing paths en route to "The Towers" at the Waldorf Astoria: one of the world's most luxurious hotels is...