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Hainan Airlines gains 22.95% in ancillary income

HNA Group’s core carrier Hainan Airlines recorded annual revenue of RMB 40.68 billion in 2016, up by 15.48% YoY. Ancillary income rose 22.95% to RMB 2.64 billion last year.

03/30/2017|11:05:35 AM|ChinaTravelNews

Theme park group Fantawild posts 711 million yuan net profit in 2016

Theme park operator Fantawild reported that operating revenue from its cultural and technological parks climbed 33.51% to RMB 1.77 billion in 2016, accounting for a dominant 91.03% share of the company’s total income in the year.

03/29/2017|11:14:30 AM|ChinaTravelNews

Hotel conglomerate LN Holdings’ 2016 net profit drops 21.96% to 30.61 million yuan

LN Holdings reported operating revenue of RMB 303 million in 2016, down by 0.99% YoY. Net profit dropped 21.96% to RMB 30.61 million during the time.

03/23/2017|11:05:06 AM|ChinaTravelNews

Lifestyle vacation provider Tsingpu closes A round, invests in Blossom Hill

Lifestyle vacation provider Tsingpu Travel announced that it has raised RMB 200 million in its A-round financing and become a major stakeholder of boutique lodging brand Blossom Hill through a strategic investment.

03/21/2017|12:22:37 PM|ChinaTravelNews

Outbound travel site Woqu merges with Lulutrip and announces $25 million B+ round

Outbound local tour platform Woqu announced that it has merged with Lulutrip, a travel service for overseas Chinese tourists. Meanwhile, it has raised USD 25 million in its series B+ round funding.

03/21/2017|8:02:53 AM|ChinaTravelNews

UCAR projects profit in 2017 after posting 7.3-billion-yuan net loss in two years

Car-hailing firm UCAR registered operating revenue of RMB 5.85 billion in 2016, up by 235% YoY, while net loss was RMB 3.6 billion. CEO Mr. Charles Lu was optimistic that UCAR would return a profit this year.

03/20/2017|10:16:11 AM|ChinaTravelNews

Flats brand Memor Home closes million-yuan A round backed by Poly Group

Apartment rental brand Memor Home announced that it has raised millions of yuan in its A round funding backed by real estate conglomerate Poly Group’s investment arm.

03/20/2017|10:03:52 AM|ChinaTravelNews

Hemei to buy 60% of travel platform Xintu for 80 million yuan

Hemei Tourism, a subsidiary of trading and tourism company Hemei Group, plans to spend RMB 80 million to acquire a 60% stake in Shanghai Xintu, on which B2B travel platform Tripb2b will build a new platform.

03/15/2017|11:01:51 AM|ChinaTravelNews
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