Southwestern China’s tented resort operator Vinetree announced that it received RMB 30 million in its series A round funding.
Ctrip has invested in two of North America’s largest tour operators to build up its destination service and procurement system in the area.
Vacation rental platform Tujia announced on October 20 a strategic agreement to acquire the apartment and house rental operation of China’s OTAs Ctrip and Qunar.
HNA Group boosted its stake in Tuniu to 26.61% in three transactions via its subsidiary HK Praise Tourism in the past five months, according to company filings on SEC.
Budget hotel operator Podinn Hotel was listed on New Third Board on October 17. It registered RMB 1.98 million net loss in 2015 and RMB 12.18 million net income in 2014.
UCAR announced on October 17 that it plans to raise RMB 10 billion for the development of its car dealing business.
Qunar announced that it has entered into a definitive agreement with Ocean Management. The agreement valued the company at around USD 4.44 billion.
Operating revenue rose 541.76% to RMB 2.176 billion and net income climbed 467.06% to RMB 143 million, according to the company’s third-quarter preliminary results.
