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Ruby Hotels’ expansion continues to successfully progress. In the first half of 2022, two hotels will open in Munich and Geneva, as well as a workspace in Vienna. To support the ongoing internationalisation and diversification, Ruby is expanding its top management team.

The Munich-based Ruby Group under the leadership of founder and CEO Michael Struck is breaking new ground with its Lean Luxury philosophy. With a lean organisational structure and concentration on the essentials, Ruby succeeds in creating a contemporary, affordable form of luxury for modern, cost and style-conscious customers. Founded in 2013, the Group already operates twelve Ruby hotels, with a further 22 hotels under construction or in the planning phase. Ruby is expanding into Asia with the joint venture Ruby Asia, founded in 2018. Ruby also offers Ruby Workspaces in Munich, Hamburg and Du...

The Series D2 round came only one month after PatPat had raised $510 million from Chinese investors.

Total0 Listen: "China Money Podcast: Andreessen Horowitz Joins 200+ VC Firms This Week Investing In 84 Chinese Startups" In this episode of China Money Podcast, listen to all the news headlines in the China venture investment and tech sector for the week ending July 23. Eighty-four Chinese startup and growth-stage companies raised a combined US$2.28 billion over the past five days. Investors in the 84 deals this week include DST Global, General Atlantic, Dawang Capital, Capital Today, Ocean Link, Andreessen Horowitz, GGV Capital, Sequoia Capital China, Addor Capital, Highlight Capital, and CS...