Uber China’s strategy director Zhen Liu confirmed that the company plans a public listing in China as an independent company.
Overseas short-term rental platform Zhubaijia announced it raised almost RMB200 million in its B Series financing round.
Xiaoluoquzu raised US$5 million in its A Series financing round, with Lightspeed China Partners as the lead investor and Tujia taking part.
China’s State Council reiterated support for the tourism industry in a recently published directive.
Kaikaihuai (KKH),Wi-Fi solutions provider for conventions, is planning to launch an A Series financing round, having received a multi-million RMB angel investment.
Utour will invest in a 10% stake in JV tourism investment company Tianjin Youtou Jinding Investment.
Qunar has accusing its arch rival Ctrip of breaching Anti-Monopoly Law and the State’s declaration threshold guidelines in its acquisition of eLong.
Chinese hotel group Jin Jiang Hotels Group has invested RMB1.8 billion on August 6 for an 80% stake in the mid-range the Vienna Hotel Group and its restaurants.
