Tujia, China’s largest online platform for vacation rentals, has completed its D&D+ round of financing，raising $300 million at a valuation of more than $1 billion.
Air China said the private offering will be to buy 15 Boeing B787 aircraft, upgrade its direct sales ecommerce operations, onboard Wi-Fi and cash reserves.
Utour announced it will set up a small loans company in Guangzhou with RMB100 million registered capital.
Piao Guanjia announced it will apply to list on China’s New Third Board (OTC market) and would list as early as the end of the year.
Utour is taking a 54% stake in Oceania travel wholesaler Xtx6 to tap the potential of the Oceania region and bring long-term benefits to overall profitability.
Spring Airlines will build a hotel at the Centrair Airport, Japan. The planned hotel will have 250-300 rooms and 14 floors and will open in 2016 or 2017.
Maitao, has recently announced it received RMB40 million in its A Series financing round. The investment was led by Kaiwu Capital and Walden International.
Duzhoumo has received funding of US$20 million in the A Series financing round. The investment is led by Legend Capital and participated by Banyan Capital.
