China’s tourism industry recieved RMB1.12 trillion in revenue in Q1 2015, an increase of 14.7% y-o-y.
Tuniu is banking on its decision to expand regionally, and this is being accelerated post JD.com’s decision to be the largest shareholder in the company.
Direct investment in China’s tourism was estimated to exceed RMB3 trillion in the next three years and China welcomed the participation of Japanese companies.
eLong has over the years diligently focused on growing its lodging business, crossing 34m-mark room nights at the end of last year. Post the exit of Expedia, eLong is now set for a new chapter.
Nong Xia will replace 30-year veteran Jing Qian to head of expansion in the greater China mid-range hotel market.
Songcheng Performing Arts announced it will raise one billion RMB to set up an investment fund for developing its O2O entertainment business ecosystem.
Apartment rental platform Mofang Apartments has raised a total funding of close to US$200 million from Warburg Pincus to accelerate growth with its Apartment + strategy.
HNA has signed a partnership agreement with Netease’s subsidiary Lede Technology in Hangzhou to form a new online travel company.
