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Carpool app Tiantian Yongche raises US$10 million

Tiantian Yongche has raised US$10 million in its Series B following a US$3 million Series A funding in June 2014.

01/29/2015|8:35:53 AM|ChinaTravelNews

Sabre is ready to spend $500M, and Abacus is a likely target

Sabre said in a financial filing this week that it was considering an acquisition to the tune of half-a-billion dollars during the next two months.

01/29/2015|8:14:35 AM|ChinaTravelNews

Investment in China’s luxury hotels set to slowdown

China's star-rated hotels have resorted to voluntarily lowering their star ranking and selling off assets t survive.

01/29/2015|10:41:26 AM|ChinaTravelNews

LY Group set up to consolidate subsidiaries

LY.com's application to form an umbrella LY Tourism Group with registered capital of RMB100 million.

01/27/2015|10:54:56 PM|ChinaTravelNews

China’s tourism industry receives US$3.1 billion investments in 2014

Online travel and outbound tourism were the favorite areas for acquisitions in China’s tourism industry in 2014.

01/26/2015|3:19:16 PM|ChinaTravelNews

Haichang invests US$119 million for Shanghai ocean park land

China’s ocean park developer Haichang Holdings won a RMB728 million bid for the land rights for the construction of Haichang Polar Ocean World.

01/23/2015|5:50:28 PM|ChinaTravelNews

Jinjiang Group acquires Louvre Group in bid to expand to Europe

Jinjiang Holdings acquired France’s Louvre Group, estimated at EUR1.25-1.5 billion, and will fully integrate the two hotel groups.

01/23/2015|3:21:01 PM|ChinaTravelNews

Thrifty Spring Airlines makes A share IPO

Spring Airlines CEO said it did not intend to include strategic or financial investors in the IPO but was willing to let employees share in dividends from company growth.

01/21/2015|8:43:48 AM|ChinaTravelNews
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