CTN columnist shares his thoughts on JV: Yongche has accepted RMB8 billion from Haier, will it become a viable operating a fleet of 80,000-100,000 vehicles by 2017?
HotelGG, a portal for hotel venue search, price comparison and booking, has raised RMB30 million (approx.: US$4.8 million) in its Series A financing.
Outbound DIY travel booking service Aoliday announced it raised RMB10 million in its Series A financing to enhance services and develop new destinations.
Wanda group’s transformation and upgrading has been successful with the growth in its cultural and tourism business revenue surpassing its real estate business.
Meituan will face tremendous pressure this year from its rival’s IPO and the challenge of O2O startups carving into Meituan's share in each of its market segments.
Atour Hotel will accelerate its expansion in China and abroad as well as set up an experiential user community with the latest funding.
“CNTA’s new jointly established fund will operate under market-driven principles to support exemplary integrated tourism projects” .
China’s tourism authorities anticipate significant investments in the tourism industry and new jobs for 1.8 million people from 2015 to 2017.
