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Home-sharing platform Locals receives $24 million for its boutique B&B business

This year, Locals will add two additional businesses, namely homeware retail and urban travel, to further tap into consumption deriving from B&B customers.

01/23/2018|8:59:42 AM|ChinaTravelNews

Ride-hailing platform Caocao Car secures RMB 1 billion, valued over RMB10 billion

Caocao Car, China’s first new energy-focused mobility service provider, has raised one billion yuan. At present, the company is operating in more than 17 cities in China.

01/17/2018|7:37:39 PM|ChinaTravelNews

Fintech startup of Tuniu former president snares $146 million in A round

BlackFish, a fintech startup co-founded by online travel site Tuniu’s former executives, has raised RMB 950 million (USD 146 million) in A-round funding, backed by Lightspeed China Partners and Gobi Partners.

01/12/2018|10:50:01 AM|ChinaTravelNews

WeChat hotel marketing specialist ZhiKeTong raises 100 million yuan

Hotel direct marketing firm ZhiKeTong recorded more than 100 million yuan sales and nearly 1 million orders in one month in 2017.

01/04/2018|9:41:52 AM|ChinaTravelNews

Ctrip- and Tencent-invested Tongcheng merges with eLong, eyeing capital market

Tencent and Ctrip will become major shareholders of the new entity TongCheng-eLong. Ctrip co-founder James Liang will serve as co-chairman.

12/29/2017|7:38:54 PM|ChinaTravelNews

Fosun leads bike-sharing firm HelloBike's $153 million funding

HelloBike announced that it has raised RMB 1 billion (USD 153 million) in its D2 round of financing, which is led by Fosun and backed by Ant Financial that also invested in the last round.

12/27/2017|7:11:36 PM|ChinaTravelNews

Travel site Lvmama’s parent Joyu Culture Media secures another $402 million

Joyu Culture Media has raised $402 million in its latest financing after the September round. The latest round is completed through a third-party limited partnership acquired by Fullshare Holdings.

12/27/2017|12:39:55 PM|ChinaTravelNews

AI provider Babel Technology raises $4.5 million, valued at $45 million

Babel Technology, a high-tech company that aims at providing interpretation across languages with artificial intelligence, has raised RMB 30 million (around $4.5 million).

12/22/2017|2:06:27 PM|ChinaTravelNews
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