Hotelbeds Group announced on April 21 plans to merge GTA into its Bedbank business unit after it announced plans for Tourico to join the group in February.
A recent SEC filing shows that HNA holds a 26.5% stake in Tuniu and JD.com controls a 20.6% stake in the company, as of March 31, 2017.
Tujia has rolled out innovative vacation lodging sharing platform VaShare. The platform is a joint venture of Tujia and its major stakeholder Ctrip.
Chinese budget hotel operator GreenTree Inns has partnered with an overseas private equity firm to jointly invest RMB 150 million in domestic peer Yibon Hotels.
Travel customization SaaS platform Lushu told ChinaTravelNews on April 17 that the company has closed its A round funding backed by Keywise Capital, an investor of Chinese photo App maker Meitu.
Ctrip said that it may continue to acquire complementary businesses and assets in the future if presented with appropriate opportunities. It has just revealed details about its acquisitions in recent years.
Theme park and tourism firm OCT Co. plans to divest its stakes of 100% in Taizhou OCT and 60% in OCT Vision. The two deals will be worth RMB 2.3 billion.
Flight Centre had acquired a 24.1% interest in Bibam to strengthen its global e-commerce presence and capabilities.
