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HNA to boost stakes in Yangtze River Express and TAP Portugal

Hainan Airlines plans to increase its holding in Yangtze River Express to 11.58% for RMB 915.2 million and raise its stake in TAP Portugal to 23% for EUR 30 million.

07/20/2016|9:59:39 AM|ChinaTravelNews

China Resources Fund makes strategic investment in Meituan-Dianping

Chinese Internet company Meituan-Dianping said on July 18 it has raised an undisclosed amount from China Resources Group in a fresh round of funding.

07/20/2016|3:05:49 PM|ChinaTravelNews

O2O player wanzhoumo.com completes an eight-digit series B round led by Momo

Shanghai-based O2O player wanzhoumo.com (“周末去哪儿”) announced on July 18 that it has completed an eight-digit series B round this February. The lead investor was Momo, China’s largest mobile-based social networking platform, and existing investors Blue Lake Capital (“蓝湖资本”) and Matrix Partners (“经纬创投”) also joined.

07/19/2016|9:28:25 AM|ChinaTravelNews

Chinese ride-sharing company UCAR gets New Third Board listing

Chinese ride-sharing company UCAR has been approved to list on the New Third Board, and it is worth RMB 36.9 billion after raising a total of RMB 5.809 billion in three funding rounds.

07/15/2016|10:34:36 AM|ChinaTravelNews

B2B online hotel direct sales platform Ziztour completes an eight-digit series B round

Ziztour, a B2B online hotel direct sales platform, has completed an eight-digit series B round led by LB Investment, a Korean private equity firm, and joined by Legend Capital (“君联资本”) and Cheng Lan Capital (“城蓝资本”).

07/08/2016|9:13:16 AM|ChinaTravelNews

Ctrip becomes China Eastern’s fifth largest shareholder after RMB 3 bn investment

China Eastern Airlines has raised RMB 8.548 billion in a private placement and Ctrip has become the carrier’s fifth largest stakeholder after taking 3.22% for RMB 3 billion.

07/06/2016|10:05:19 AM|ChinaTravelNews

Atzuche raises over RMB 100 million in series B+ round

P2P car rental Atzuche has received more than RMB 100 million in its series B+ round.

07/05/2016|10:34:30 AM|ChinaTravelNews

MICE platform Eventown completes a new round of investment

MICE venue search portal and online one-stop-service platform Eventown Group announced on July 1 that it has completed a third round of funding worth over RMB 100 million led by Harvest Capital and joined by its existing investors.

07/05/2016|6:49:56 PM|ChinaTravelNews
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