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Tencent takes part in bike-sharing Mobike’s C+ round

Bicycle rental startup Mobike announced on October 13 that it has completed another round of financing which had Chinese social network giant Tencent as one of the investors.

10/14/2016|8:29:08 PM|ChinaTravelNews

Tongcheng plans to acquire Wanda Tourism

Tongcheng Tourism and Wanda Group jointly announced on October 9 that the two companies plan to merge Wanda’s tourism unit with Tongcheng Tourism.

10/10/2016|5:43:49 PM|ChinaTravelNews

Bike-sharing startup ofo secures $130m C round

Bicycle-sharing company ofo raised USD 130 million in its C round, while its major competitor Mobike also closed a $100m round backed by Sequoia Capital and Hillhouse Capital.

10/10/2016|6:16:32 PM|ChinaTravelNews

HNA-Caissa to buy outbound tour operator Tiantian Shanglv

Caissa Touristic plans to lead E-Life Financial's capital increase by injecting RMB 550 million into the HNA finance unit and acquire tour operator Tiantian Shanglv for RMB 149 million.

10/04/2016|6:08:36 PM|ChinaTravelNews

XiaoMing Bike secures a millions-of-yuan angel round

Following bike rental ofo’s millions-of-dollar round backed by Didi Chuxing and recent financing of Mobike and YouBai, peer XiaoMing Bike also raised millions of yuan in an angel round.

09/29/2016|3:48:40 PM|ChinaTravelNews

Caissa Touristic cuts private offerings by nearly RMB 800 million

Caissa Touristic announced on September 26 that it has lowered its private placement target from the original RMB 8 billion to RMB 7.208 billion.

09/29/2016|2:50:39 PM|ChinaTravelNews

Bike-sharing startup ofo secures B+ round backed by Didi Chuxing

Bike rental platform ofo raised tens of millions of US dollars from Chinese car-hailing giant Didi Chuxing. The companies plan comprehensive cooperation.

09/28/2016|1:28:35 PM|ChinaTravelNews

Meituan-Dianping acquires payment license holder QianDaiBao

Meituan-Dianping announced that the company has acquired third-party payment company QianDaiBao.

09/28/2016|10:27:05 AM|ChinaTravelNews
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