Publicly listed Easy Food will issue 432 million shares to give HNA Tourism majority control and make it a shell for HNA subsidiary Caissa Touristic.
SAA, Air China and Hainan Airlines are discussing a partnership to build an African aviation hub and possibily take equity in the struggling South African carrier.
Tuniu plans to have 100 regional service centers next year to counter arch rival LY.com’s 11 new experiential showrooms by the end of April.
This financing round will bring high growth for AMTT, its products and service applications are used in a million hotel rooms in China.
Shiji Technology’s investment in Galasys is part of its venture into the theme parks and attractions segment.
Hainan Airlines plans to make a private offering of 6.593 billion shares at a minimum of RMB3.64 per share to raise up to RMB24 billion.
Baidu and Sequoia Capital have been investing in both Tiantian Yongche and 51 Yongche, making a showdown between the two startups imminent.
Major Chinese property developer Orient Victory Group plans to acquire 49% equity in China Comfort Travel for RMB441 million.
