Zhang Xiaoqiang, chairman of Shanghai Jin Jiang International Hotel Co., oversees the world's second-largest hotel group, with 1.29 million rooms and a 13% share of China's market. But while Jin Jiang dominates at home, Zhang's ambitions are global. In 2015, it bought Louvre (at the time, Europe's second-largest privately held hotel group) and Vienna Hotel Group. In 2016, it took over Plateno. In 2018, it bought Radisson Hotel Group. It currently owns 5% of Accor. Zhang has pushed Jin Jiang Hotels to seek an IPO in Hong Kong and has told investors the goal is to support international growth. Louvre is in a multi-year turnaround effort with plans to renovate and remodel 80 hotels, mainly in France, and sell other low-performing hotels.