Wanda Culture Industry Group has injected RMB3.58 billion in its first OTA investment - LY.com, as part of Wanda Tourism’s ‘online +’ O2O strategy.
Shiji Technology will invest up to RMB50 million in a partnership hotel IT developer Talent's and aquired Armitage PMS Pegasus to boost Alitrip's hotel management.
CAR Inc has invested US$125 million to acquire half of the 5 million Series A preferred shares issued by Youche. CAR Inc now has a 10% stake in Youche.
Destination travel platform MDD World received a multi-million yuan angel investment from Shenzhen investors Innovalley and Innovation Angel Funds.
Jetstar Hong Kong failed to meet requirements defined by the Basic Law in regards to Hong Kong as its principal place of business.
Didi-Kuaidi has participated in the latest financing round of the largest taxi hailing app in Southeast Asia, GrabTaxi for an unspecific amount of funding.
Shenzhen-based online bus charter platform, DuduBus announced it received Pre A round financing of RMB12 million from Susino Umbrella and K2 Ventures.
China's 13th 5-year plan envisages China will have over 260 airports by 2020. They will altogether serve 91% of the national population.
