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Webjet acquires JacTravel to create a global B2B travel giant

Australian travel group Webjet announces to acquire UK hotels and inbound tourism provider JacTravel. WebBeds, the B2B platform of Webjet, will become the second largest B2B travel platform worldwide.

08/02/2017|8:07:53 PM|Webjet

Homestay booking site OneHome closes A+ round financing

Homestay reservation platform OneHome claimed to have so far completed three rounds of financing, aiming at the homestay booking market for Chinese travelers abroad.

07/28/2017|3:49:50 PM|ChinaTravelNews

Tujia’s vacation rental platform VaShare closes Pre-A round financing

Vacation-sharing platform VaShare received millions of dollars in its Pre-A round financing. The company has completed two rounds of financing in less than six months, receiving around ten million dollars.

07/24/2017|6:53:33 PM|ChinaTravelNews

Rural holiday operator Xiangban closes million-yuan Pre-A round

Xiangban Cultural Tourism, which operates idyllic tours to rural areas, has closed its million-yuan Pre-A round funding.

07/12/2017|10:18:04 AM|ChinaTravelNews

Tour guide app Lvji receives 25 million yuan in A round

Tour guide app service provider Lvji announced that it has raised RMB 25 million in its A round funding. The round had QF Capital as lead investor and also involved Beijing Jizhi Tech.

07/12/2017|11:27:32 AM|ChinaTravelNews

China Lodging, IDG Capital back Chengjia’s $50 million Pre-A round

Apartment service platform Chengjia has raised USD 50 million in its series Pre-A round funding, backed by its co-founders China Lodging Group and IDG Capital.

07/10/2017|6:58:58 PM|ChinaTravelNews

Wanda Group sells 13 projects, 76 hotels to Sunac for $9.3 billion

Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).

07/10/2017|4:14:26 PM|ChinaTravelNews

China plans to relax private investment limit on state-own airlines

Chinese aviation authority CAAC issued a consultation paper proposing state carriers Air China, China Eastern and China Southern be allowed to have a relative control other than absolute control in the state ownership structure.

07/06/2017|10:25:16 AM|ChinaTravelNews
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