The International Tourism & Culture Investment Group Co. Ltd of Tibet was recently founded in Lhasa, capital city of southwest China’s Tibet.

With 1 billion yuan (0.16 billion US dollars) in total assets, the group's business will mainly focus on tourism and culture, ranging from construction and operation of tourism attractions, hotel operation and management, cultural creation and film and television transmission to customized transport and health care for the elderly.

According to a person in charge with the group, the establishment of the company will strongly promote the high-level development of Tibet's cultural and tourism resources in order, accelerate the transformation and upgrade of its cultural and tourism products, and elevate the service capability.

Editor: Tommy Tan.