A Chinese investment company has bought a 5 percent stake in British Travel company Thomas Cook.<br /><br /> Fosun is moving fast into the European holiday market after buying France’s Club Med in February.<br /><br /> Fosun paid $140.12m for the slice and intends to buy another 5 percent down the line.<br /><br /> Thomas Cook shares climbed 16 percent in early trading in London.<br /><br /> The company has suffered in recent times since the advent of the low-cost airlines.<br /><br /> Thomas Cook restructured and closed many of its outlets, once a feature of the British high street.
