In Depth: More Foreign Stars in Anbang's Ambitious Eyes

(Beijing) – Anbang Insurance Group – last year's high-profile buyer of New York's Waldorf Astoria Hotel and now a bidder for the world's eighth-largest hospitality concern, Starwood Hotels and Resorts Worldwide Inc. – runs a banking-investment-property developer-hotel conglomerate with a little insurance on the side.

Anbang's diversity – as well as deep pockets – may explain why it is continuing with a global shopping spree, including a proposed US$ 14 billion buyout of Starwood.