Meituan-Dianping would have to spin off its hotel business as the company was expected to run out the 3.3 billion dollars raised in its series E round within 1.5 years.
UCAR’s revenues rose 624% to RMB 2.32 billion in the first six months of 2016. Car-hailing orders climbed 283% to 55.34 million during the time.
BuGenTuan announced that it has just received tens of millions of yuan in its series A round from undisclosed investors.
UTour’s operating revenue grew 41.99% to RMB 4.453 billion in first six months. Revenue from its outbound wholesale business was RMB 3.43 billion, up by 59.03% YoY.
Caissa Touristic’s revenues from tourist services increased 52.47% YoY to RMB 2.22 billion in the first half of 2016. Net income was RMB 36.34 million, up by 76.79%.
Occupancy rate was 85.2% in Q2 2016, compared with 85.8% in Q2 2015. The slight decrease was due to lower occupancy in lower-tier cities.
Outbound chauffeured and tour guide service Hi Guides has received RMB 120 million in its series B round and is about to launch its B+ round.
Guangzhou-based outbound car-rental platform Zuzuche.com has closed its series B+ round with GF Securities-owned direct investment fund GF Xinde Investment Management as the lead investor.
