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CYTS net income soars 92.17% in first half of 2016

CYTS recorded a slight increase in main revenue to RMB 4.976 billion in the first half of 2016. Net income rose 92.17% YoY to RMB 318 million.

08/15/2016|9:31:34 AM|ChinaTravelNews

Cheer U Islands secures RMB 7.5 million in Pre-A round

Cheer U Islands received RMB 7.5 million in series Pre-A round. Investors of the round will get a 15% stake in Cheer U Islands.

08/10/2016|7:08:41 PM|ChinaTravelNews

Crowd funding platform Duocaitou.com completes an eight-digit Pre-A round

Duocaitou.com, a crowd funding platform for boutique hotels and home rental, has completed its Pre-A round financing that raised an eight-digit sum from three venture capital firms – Share Capital, Innovation Angel Funds and Shunwei Capital Partners.

08/10/2016|9:29:42 AM|ChinaTravelNews

InnMall secures million-yuan in A round

FlightManager’s CEO Jiang Wang said that his investment in InnMall has been completed. The round had SIG as lead investor and generated tens of millions of yuan.

08/08/2016|10:39:58 AM|ChinaTravelNews

China’s reform commission backs High-speed Railway Economy

High-speed railway construction will drive economic growth and restructuring, fuel momentum for efficient investment and consumption expansion.

08/08/2016|2:14:33 PM|ChinaTravelNews

DragonPass lands on New Third Board, eyeing high-end lounge services

Chinese high-end business lounge operator DragonPass anticipated that its services would have 20 million users and cover 1,000 airports around the globe in two or three years.

08/05/2016|12:05:11 PM|ChinaTravelNews

Expedia posts 20% growth in hotel room nights

Expedia‘s gross bookings increased 25% YoY to over $18.8 billion in the second quarter of 2016. Revenue increased 32% YoY to over $2.1 billion.

07/28/2016|6:05:42 AM|ChinaTravelNews

QuHappy.com completes Pre-A round financing

Destination travel product distribution platform QuHappy.com has announced it had completed its Pre-A round financing in May. The investment from venture capital fund owned by Guangdong Technology Venture Capital Group in the round boosted the valuation of QuHappy to above RMB 100 million.

07/27/2016|9:31:44 AM|ChinaTravelNews
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