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And the fight is coming to the overseas markets where the company said it is confident of competing with Uber. It is stepping on the accelerator of global expansion, chiefly by partnering with a number of ride-hailing companies in foreign countries.

Anbang had been one of China's most aggressive buyers of overseas assets, spending more than billion on deals since 2014, according to data from research firm Dealogic. In addition to the Waldorf, it paid Blackstone .5 billion two years ago for Strategic Hotels & Resorts.

Anbang sales staff explain the insurer's products to visitors at the Beijing Internatonal Investment and Wealth Management Expo. [Photo/China Daily]

Analysts expect Expedia to post earnings of 7 cents per share on revenue of .1 billion. That would represent a revenue increase of about 12.4 percent over this time last year.

Anhui has earmarked 10 million yuan (1.46 million U.S. dollars) in disaster relief funding and sent 370 tents, 12,000 quilts, clothes, food, bottled water and other supplies to flood-hit regions.